Company
PageGroup PLC
LON:PAGE
PageGroup PLC, formerly Michael Page International, is a professional recruitment consultant, specialising in the placement of candidates in permanent, contract, temporary and interim positions with clients. Established in 1976, Michael Page has expanded over the past 30 years and now operates through 166 offices in 28 countries worldwide and 5,052 employees worldwide.
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FTSE 100 Live: Stocks drift lower with US markets closed
It's been a sluggish day in London with US markets closed.
PageGroup profits slump but pays out special divi
Candidates are more reluctant to accept offers, said the recruiter
PageGroup sees full-year profit meeting forecasts after strong third quarter but notes softening of client confidence
Gross profit per fee earner, the company’s measure of productivity, declined by 8% in the third quarter, due to the softening in client confidence and a slowdown in time to hire
PageGroup sees slowdown in July but sticks to full-year outlook
Shares in the recruiter slumped 10% as it announced "a slowing in time to hire"
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FTSE 100 closes higher as commodities rise after data but ends off best as US early gains fade
At the close, the UK blue-chip index was up 42.63 points, or 0.6% at 7,482.37, below the session peak of 7,513.76 but above the day’s low of 7,439.74
Hays growth potential is underestimated, says Barclays
The recruiter will benefit from high demand for new digital and IT roles across multiple sectors as well as cost savings implemented during the pandemic
PageGroup resumes dividend payments after solid first half
Half-year results recovered from last year but were still below 2019 levels
Recruiter PageGroup too cheap given strong recovery tailwind, suggests RBC
RBC has raised its 2021 EPS forecast by what it described as a ‘huge’ 53%.
PageGroup beats record 2019 quarterly profits but UK market lags
Profits are also helped by lower costs as headcount is down compared to 2019 levels, though the recruiter plans to hire more people
Recruiters Hays and Page in favour as white collar activity revives
Job ads growth in the UK was deemed “strong but choppy”
PageGroup best avoided ahead of expected de-rating, says Morgan Stanley
The investment bank said the recruitment firm's shares were now trading at 18.7 times price/earnings on pre-COVID peak earnings
PageGroup sees improvement in all markets as recruitment recovers after COVID-19
Page had a record month in March in Germany, Italy, Spain and South East Asia
PageGroup continues recovery but quarterly gross profit plunges 20%
In the three months to December 31, 2020, the recruiter’s gross profit dropped by 20% to £165mln, from a 32% fall in the third quarter
PageGroup hires 300 experienced fee earners but cuts 169 roles
In the third quarter, gross profit tumbled 32% to £143mln
PageGroup knocked down to ‘hold’ by Liberum amid low visibility
The target price was also trimmed to 375p from 460p
PageGroup swings to small half-year loss after coronavirus hit
The recruiter posted an £800,000 loss before tax in the six months to June, from last year’s £74mln profit
Recruiters PageGroup and Robert Walters see profits plunge as pandemic batters job market
PageGroup reported a 47% slump in gross profits in its second quarter, while Robert Walters suffered a decline of 33% in the same period
PageGroup, Robert Walters post profit drop as coronavirus bites recruiters
PageGroup announced stricter cost-saving measures, including firing 250 staff by the end of this month
PageGroup profits dip amid coronavirus outbreak
The recruiter has nine offices in China where operations have still not resumed as normal
PageGroup cuts fee earners as challenges expected to continue in 2020
Fee-earner headcount was reduced by 89 over the year, with cuts in the fourth quarter blamed on “heightened geopolitical and macro-economic uncertainty seen in a number of the group's markets”
Brexit uncertainty now ‘impacting candidate and client confidence at all levels’ warns PageGroup
Recruiter chops 10% off full-year profits expectations after second warning
PageGroup profits gain despite challenging China and UK job markets
"We are pleased with our first half performance, however we remain mindful of challenging macro-economic conditions seen in a number of our regions,” said chief financial officer, Kelvin Stagg.
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Rose Petroleum leaps as energy investor Jon Fitzpatrick picks up 5% stake in the company
A look at the day's major movers, including Xeros Technology Group, Redx Pharma, Bango, PageGroup, Hays, Jaywing and One Media iP Group
PageGroup shares drop as tough market conditions lead to profit warning
Chief financial officer Kelvin Stagg said it is “clear that macro-economic conditions in a number of our regions are becoming more challenging”
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FTSE 100 closes lower as traders mull Fed testimony
The UK's premier share index finished down over five points lower at 7,530,
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Barratt leads busy Wednesday for company news, UK GDP and Fed minutes dominate macro
The mid-week schedule also includes results and updates from a collection of mid-cap firms including SuperDry, Wetherspoons and Dunelm
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
PageGroup expects to meet 2019 estimates despite Brexit uncertainty and US-China trade dispute
PageGroup's chief financial officer presented the first quarter results while chief executive Steve Ingham recovers from a skiing accident
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FTSE 100 ends flat as the market awaits the outcome of EU leaders emergency meeting on Brexit
The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
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Tesco results to dominate company news on ‘Super Wednesday’
With the latest data showing the supermarket losing market share to discounters, investors will be hoping for news on how the group plans to maintain its position at the top
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
PageGroup CEO to take leave of absence after suffering severe back injury in skiing accident
The recruitment firm will be led by chief financial officer, Kelvin Stagg, during the chief executive's absence
PageGroup hikes final dividend as international growth offsets weak UK performance amid Brexit uncertainty
“Our flexible and diversified business model ensures that we are able to respond quickly to changes in market conditions," said chief executive Steve Ingham
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FTSE 100 closes up while European indices fall despite talk of new ECB lending
Footsie closed at 7,196 - up 12.57 points, while FTSE 250 finished in the red - down around 83 at 198,359
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Legal & General to see new chief exec hog spotlight on Wednesday
While the insurer is scheduled to report its finals, the figures may be overshadowed by the new head of its investment management arm Michelle Scrimgeor
HSBC maintains 'buy' rating on PageGroup but cuts target price after quarterly update
HSBC cut its target price and 2019 earnings estimate for PageGroup to reflect a slowdown in France and China
PageGroup achieves record 2018 but shares drop amid Brexit worries
PageGroup maintained its guidance for 2018 operating profit and said it was well placed to respond quickly to changes in market conditions
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Credit Suisse upgrades Pagegroup, downgrades SThree in note on recruiters
Credit Suisse raised its rating on Pagegroup to ‘outperform’ from ‘neutral’ but cut its target price to 575p from 600p
PageGroup expects annual profits to beat market forecasts after solid third quarter
The UK, which has seen a slowdown in the recruitment market due Brexit uncertainty, delivered a 0.8% increase in gross profit in the third quarter
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Marston's results to show benefits of World Cup and heatwave
The day ahead includes trading updates from Marston's and PageGroup
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Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
PageGroup delivers first-half profit growth, led by international job markets
PageGroup said it continues to face challenges including Brexit, tough trading in Catalonia and the upcoming elections in Latin America
Investments and investor services
FTSE 100 consolidates gains as sterling's woes continue
Sterling's fall was good news for the Footsie's many big dollar earners
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Finance in focus again on Wednesday as insurance and gambling sector heavyweights to report
Away from the banks, the financial sector will still be at the forefront of the market's mind as Prudential and Paddy Power Betfair prepare to release interim results
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HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
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Hays to report another quarter of growth, wrapping up positive week for recruiters
The day ahead includes trading updates from Hays and Experian
PageGroup shares drift lower after downgrades by Kepler and Numis
“We expect to see a gradual slowdown in top-line growth,” Kepler said as it cut its rating on PageGroup to 'hold' from 'buy'.
FTSE 100 tumbles 1.3% lower as trade worries grip markets
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
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Wetherspoons eyed for CO2 shortage impact as week reaches mid-point
The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
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High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Hays reports third quarter gross profit growth in subdued UK jobs market
Hays said net fees in the UK and Ireland fell 2% in third quarter as employers exercised caution amid Brexit uncertainty
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Travel sales set to dominate at WH Smith once again on Thursday; Hays and Saga also due up
It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
PageGroup delivers record quarterly gross profit despite slump in UK recruitment
PageGroup left its full year guidance for operating profit of £132mln unchanged but warned that a number of macro-economic uncertainties remain
Investments and investor services
FTSE 100 closes in red amid trader tensions but Tesco soars
FTSE 100 closed in the red - down around nine points at 7,257
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Tesco's results to be a "positive catalyst" for the share price
Updates are expected from Tesco, ASOS, PageGroup and McCarthy & Stone
Investments and investor services
Robert Walters will be the first to give investors a snapshot of UK recruitment market
Tuesday brings Robert Walters first quarter trading statement, it will be the first in the series of updates from the sector.
FTSE 100 closes positively as Wall Street rebounds, but Russian stocks hit
The UK blue chip share index finished around 11 points higher at 7,194
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Retailers and recruiters in focus as Tesco, ASOS, Hays and PageGroup report
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
PageGroup shares drop as it issues cautious outlook about UK jobs market
PageGroup reported a 9.8% increase in total gross profit at constant exchange rates to £711.6mln for 2017
Investments and investor services
FTSE 100 closes in positive territory despite Trump trade war fears
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
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Paddy Power Betfair expected to show strong online growth
Whenever a CFO serves notice to quit, as Paddy Power's Alex Gersh did this week, shareholders tend to get a bit nervous
PageGroup shares lifted by RBC Capital upgrade after quarterly earnings beat forecasts
RBC raised its rating on the UK recruiter to ‘outperform’ from ‘sector perform’
Pagegroup overcomes subdued UK market to put in a strong finish to the year
Did someone mention Brexit? Fourth-quarter profit in France: +28%; Germany +14%; UK -2.8%
Investments and investor services
FTSE 100 closes at new high as banks bolster the premier index
The UK blue chip index rose to a new record high on Wednesday
J Sainsbury expected to report sluggish like-for-like sales growth for final quarter of 2017
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
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Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Serco, Equiniti and Page Group downgraded by Credit Suisse amid Brexit uncertainty
Credit Suisse has adjusted its ratings and target prices on a number of business service stocks
Hays and Pagegroup looking a bit toppy to Deutsche Bank
The near-term outlook for Hays and Page’s non-UK business is strong, but both stocks are on historically high price/earnings ratios
PageGroup shares drop as it warns about risks of continued lull in Brexit-hit UK jobs market
PageGroup said Brexit and political uncertainty continued to weigh on business confidence in the UK during the third quarter
FTSE 100 closes lower ahead of FOMC minutes
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60