Losses double at global recruiter despite sales passing £2bn Business Losses at a UK-headquartered global recruitment giant more doubled despite its revenue passing the $3bn (£2.2bn) mark during its latest financial year. Altrincham-headquartered NES Fircroft has posted a pre-tax loss of $67.7m for the 12 months to 31 October, 2024, according to new accounts filed with Companies House. The loss comes after the business also [...]
Page Group profit tumbles amid job market woes and tariff uncertainty Business Page Group has reported a hefty decline in half-year profit as recruiters grapple with a slowdown in the jobs market and uncertainty in global trade. Gross profit fell 12.3 per cent to £389.3m year-on-year on a reported basis, with a notable 13.4 per cent decline in the UK. British firms have been grappling with tax [...]
Profit slumps at Page Group and Robert Walters as jobs market collapses Business The slowing jobs market has forced two of the UK’s largest recruiters to reveal painful last-year performances in which profit and revenue nosedived. Page Group and Robert Walters both posted double-digit falls in overall revenue for the year ended 31 December. The latter’s earnings plunged 16 per cent to £892m, while Page Group’s dropped 13.5 [...]
The Notebook: The rules of work are about to change – here’s what managers need to know August 27, 2024 From flexible working to generational clashes, the rules of work have changed. Recruitment expert Doug Rode has the insight on how to manage.
Hays: Recruiter’s profit crashes as ‘low confidence levels’ hit hiring August 22, 2024 Global recruitment giant Hays has become the latest industry player to report a dismal set of results, citing cost-cutting at previously high-spending firms and cautious hiring. The FTSE-250 company had already warned it was set for a “subdued summer” due to expenses related to its cost-cutting drive designed to boost long-term profitability in a tough [...]