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 [...]
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 [...]
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 [...]
Hays: Recruitment giant’s shareholders stage major revolt against PwC November 20, 2024 Shareholders in recruitment giant Hays have staged a major protest over the reappointment of PwC as its auditor. Just over 20 per cent voted against the reappointment of the accountancy giant to the role it has served since 2016 at Hays’ annual general meeting. At the same meeting, 19.8 per cent of shareholders voted against [...]
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 [...]
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 [...]
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 [...]
Hays set to reveal profit slump amid tough recruitment market August 18, 2024 Hays is set to be the latest recruiter to reveal lower profits in the face of a challenging hiring market next week. The FTSE 250 commercial recruitment firm has already warned it was set for a “subdued summer” amid cost-cutting across the business to bolster its finances for the longer-term. Investors will be hoping that [...]
Robert Walters insists 2024 ‘not a lost year’ despite tumbling profit August 1, 2024 Recruiter Robert Walters has insisted that 2024 is not a lost year despite posting another set of results dominated by tumbling profit and and fees.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
