Recruitment firms shutting at fastest rate since financial crash Economics Recruitment agencies are shutting for business at their fastest rate in fifteen years as companies tear up hiring plans amid rising taxes and global economic uncertainty. As many as 120 recruitment businesses have appointed liquidators in the past six months, a City AM analysis of insolvency disclosures has found, a jump of 17 per cent [...]
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 [...]
Norman Broadbent: Fee income down 13 per cent amid ‘challenging period’ for recruiters Business Norman Broadbent has reported a slide in fees for the first half of 2024 as it became the latest company to bemoan a "challenging" period for the recruitment sector.