Pagegroup: UK profit slides as hiring slows at FTSE 250 recruiter April 9, 2025 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 [...]
London firms struggling to recruit staff as people want to WFH March 20, 2025 Firms in London are struggling to recruit staff as over four in five businesses have vacancies, according to a new survey of 1,000 companies. Mayor Sadiq Khan recently announced plans to boost economic growth in the capital, but the latest survey by BusinessLDN suggests he may have a mountain to climb before he achieves his [...]
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
SThree fees crater amid ‘challenging market conditions’ March 18, 2025 City recruiter SThree saw fees drop 15 per cent over the last quarter as the group grappled with “challenging market conditions” within the job-seeking sector. The London-listed firm, a specialist in finding roles for Science, Technology, Engineering and Mathematics fields, saw declines across every arm and region of its business, it revealed in a quarterly [...]
Alan Sugar: The Apprentice star sells entire stake in recruitment firm March 5, 2025 Lord Alan Sugar has sold his entire stake in an engineering and technology recruitment agency which he has backed for more than four years. Hernshead Group was set up by Tom Johnson in 2019 who shortly afterwards persuaded Lord Alan Sugar to invest despite him not going on hit BBC One show, The Apprentice. Johnson [...]
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 [...]
‘It’s caused uproar’: Inside the fallout from WPP’s four-day office week mandate January 20, 2025 Earlier this month, WPP’s Mark Read sent an all-staff memo ordering employees back into the office for four days a week. With staff fearing an exodus of talent and a petition calling on the policy to be revoked, reaching nearly 20,000 signatures, Ali Lyon tells the inside story of a firm known for its brand [...]
Hays: Recruiter warns on profit amid slowdown in permanent hires January 15, 2025 Recruiter Hays reported another fall in quarterly fees on Wednesday amid an ongoing slowdown in the headhunting market. Group net fees, which are considered an indicator of performance in the industry, dropped 12 per cent in the three months ending 31 December. The downturn was driven by a significant drop-off in permanent hires, down 19 [...]
Profit at Robert Walters wiped out as jobs market misery spreads January 14, 2025 The firm faced pressures across all its main markets, with income falling in Asia-Pacific, Europe and the UK.