PageGroup profits slide as UK recruitment slowdown bites Business Recruiter PageGroup has posted a sharp drop in first half profits as subdued hiring across the UK and Europe weighed on performance, but the group stuck to its full year targets and pledged to press ahead with cost cuts. The Surrey-headquartered FTSE 250 firm saw operating profit tumble to £2.1m in the six months to [...]
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 [...]
Pagegroup: UK profit slides as hiring slows at FTSE 250 recruiter Business Recruitment firm Pagegroup reported a 12.7 per cent fall in UK gross profit for the first quarter of 2025, as client and candidate confidence remained subdued and hiring decisions continued to stall. According to its latest trading update, the FTSE 250-listed firm posted UK gross profit of £23.5m in its first quarter, broadly in line [...]
Gattaca: Ongoing industry troubles hit recruitment specialist April 2, 2025 affing specialist Gattaca has reported a slowdown in profit due to persistent difficulties in the recruitment market. The firm told markets this morning that profit after tax fell 34 per cent to £0.5m in the six months ended January 31. Net fee income, a key performance metric in the recruitment industry, fell three per cent [...]
Hays: Profit cut in half at recruiter February 20, 2025 Hays has reported another drop in profit as it struggles amid a long-running in the recruitment sector. Group net fees, a key performance indicator in the recruitment sector, dropped 13 per cent in the six months ending 31 December. Operating profit fell 56 per cent to £25.5m, while profit before tax fell 66 per cent [...]
Recuiter Pagegroup cuts more staff amid jobs market slowdown January 13, 2025 Gross profit in the final quarter of 2024 dropped to £196.7m, down from £237.5m in the same period the year before.
SThree shares drop to four-year low as recruiter issues profit warning December 12, 2024 Shares in SThree cratered on Thursday after the recruiter issued a profit warning for its current financial year, citing challening conditions in the science jobs market. The firm’s share price tumbled as much as 39 per cent in early trading before paring some losses, making it the worst performer on the FTSE 250. The stock [...]
Pagegroup: ‘No improvement’ in autumn as recruitment crisis continues October 14, 2024 Recruiter Pagegroup has reported no improvement in macroeconomic conditions despite the usual pick-up in the market around this time, with the crisis in recruitment still ongoing. The FTSE-listed company told markets this morning that profit fell by 13.5 per cent in the third quarter of the year, to £201.4m. The slowdown was most marked in [...]
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 results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]