Profits dive at jobs firm SThree

Recruiter SThree yesterday posted a 53 per cent fall in first-half pre-tax profits after the staffing firm’s revenue was hit by a collapse in job markets, especially in the UK. But the IT jobs company – which maintained its interim dividend at 4p per share – said it continued to invest for the future, expanding into new territories and adding or growing new disciplines. A “satisfactory performance in tough conditions” from SThree yesterday prompted KBC Peel Hunt to maintain its ‘buy’ rating on the stock.