Proactiveinvestors United Kingdom Robert Walters https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Robert Walters RSS feed en Thu, 18 Jul 2019 06:00:56 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190711180534_14145820/ Thu, 11 Jul 2019 18:05:34 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190711180534_14145820/ <![CDATA[News - Robert Walters growth slows as UK recruitment turns negative and Brexit uncertainty lingers ]]> https://www.proactiveinvestors.co.uk/companies/news/223573/robert-walters-growth-slows-as-uk-recruitment-turns-negative-and-brexit-uncertainty-lingers-223573.html Specialist recruiter Robert Walters PLC (LON:RWA) reported a slower rate of growth in the second quarter, dragged down as the UK turned negative. 

Group net fee income came out at £106.4mln in the three months to end-June, up 7% on the same period last year, or 5% at constant currency rates. The group had reported 11% growth in the first quarter.

READ: Robert Walters delivers 'solid' first quarter despite political uncertainty in UK and France

UK gross profit in the second quarter was down 8% to £25.2mln, but Robert Walters now generates 76% of its net fee income from overseas.  

This was assisted by a first office opened in Mexico and a fourth office opened in the Netherlands during the period. 

Eponymous chief executive Robert Walters said: “The UK has been impacted by Brexit-related uncertainty, however the group's diverse geographic footprint and blend of revenue streams ensures we are well positioned for the future.”

The largest geographic segment is Asia Pacific, where net fee income grew 7% at constant currency rates to £44.2mln thanks to record performances in Japan and New Zealand, while Hong Kong was hit by the recent political unrest.

Europe 'swells'

European net fee income swelled 13% to £27.7mln, with an “encouraging” bounce-back in France, the group's largest business in the region, following the impact of the gilets jaunes demonstrations during the first quarter, and 15%-plus growth in Germany, Netherlands and Portugal.

At the end of the half-year, there was net cash of £53.2mln in the bank.

"The UK is the main surprise," said broker Liberum. "We understand that the regions remain resilient, as do manufacturing businesses - the weakness is big businesses in London where hiring decisions are on hold."

Robert Walters shares were up 0.75% to 604.5p in early trading on Tuesday.

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Tue, 09 Jul 2019 08:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223573/robert-walters-growth-slows-as-uk-recruitment-turns-negative-and-brexit-uncertainty-lingers-223573.html
<![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190709070004_14140878/ Tue, 09 Jul 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190709070004_14140878/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190708163544_14140644/ Mon, 08 Jul 2019 16:35:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190708163544_14140644/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190628111013_14129119/ Fri, 28 Jun 2019 11:10:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190628111013_14129119/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190621150705_14120486/ Fri, 21 Jun 2019 15:07:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190621150705_14120486/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190605152456_14100098/ Wed, 05 Jun 2019 15:24:56 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190605152456_14100098/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190605084053_14099297/ Wed, 05 Jun 2019 08:40:53 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190605084053_14099297/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190531140004_14094535/ Fri, 31 May 2019 14:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190531140004_14094535/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190517131007_14078768/ Fri, 17 May 2019 13:10:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190517131007_14078768/ <![CDATA[RNS press release - Notice of Capital Markets Event ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190516070003_14075805/ Thu, 16 May 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190516070003_14075805/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190508104255_14066539/ Wed, 08 May 2019 10:42:55 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190508104255_14066539/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190430124310_14057525/ Tue, 30 Apr 2019 12:43:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190430124310_14057525/ <![CDATA[News - Robert Walters delivers 'solid' first quarter despite and political uncertainty in the UK and France ]]> https://www.proactiveinvestors.co.uk/companies/news/218557/robert-walters-delivers--solid--first-quarter-despite-and-political-uncertainty-in-the-uk-and-france-218557.html Specialist professional recruiter Robert Walters PLC (LON:RWA) reported first-quarter growth across all its job markets despite economic and political uncertainty in the UK and France.

Net fee income – a measure of gross profit – rose 11% to £98.6mln in the quarter ended March 31 from £88.5mln a year ago.

The UK division grew net fee income by 10% to £27.7mln, supported by a strong performance in London despite concerns about Brexit weighing on business confidence.

READ: Robert Walters surges as full-year profit tops expectations

The group’s largest region, Asia Pacific, delivered a 12% rise in net fee income to £36.4mln, driven by growth in Japan, Mainland China, the Philippines, Thailand and Vietnam.

Net fee income in Europe gained 8% to £26.2mln with Germany and Spain achieving growth over 25%, offsetting a weaker performance in France where strikes and national protests have been held over government policies.

Other international markets, including the Americas, Middle East and South Africa, saw net fee income increased 22% to £8.3mln.

Group headcount rose by 4% to 4,227.

Net cash stood at £59.5mln at the end of the March, up from £34mln the same time a year earlier.

“All the group's regions delivered growth in net fee income despite economic and political uncertainty in a number of markets, particularly the UK and France,” said chief executive Robert Walters.  

“Current trading is in line with market expectations for the full year."

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Mon, 15 Apr 2019 07:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218557/robert-walters-delivers--solid--first-quarter-despite-and-political-uncertainty-in-the-uk-and-france-218557.html
<![CDATA[RNS press release - Block Listing Six Monthly Return ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190415070008_14040347/ Mon, 15 Apr 2019 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190415070008_14040347/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190415070006_14040297/ Mon, 15 Apr 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190415070006_14040297/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190412115824_14039663/ Fri, 12 Apr 2019 11:58:24 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190412115824_14039663/ <![CDATA[RNS press release - Annual Report Announcement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190412115306_14039646/ Fri, 12 Apr 2019 11:53:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190412115306_14039646/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190329113150_14021552/ Fri, 29 Mar 2019 11:31:50 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190329113150_14021552/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190321111447_14010880/ Thu, 21 Mar 2019 11:14:47 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190321111447_14010880/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190319165423_14008031/ Tue, 19 Mar 2019 16:54:23 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190319165423_14008031/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190315180957_14004812/ Fri, 15 Mar 2019 18:09:57 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190315180957_14004812/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190314165506_14003015/ Thu, 14 Mar 2019 16:55:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190314165506_14003015/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190314164319_14003004/ Thu, 14 Mar 2019 16:43:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190314164319_14003004/ <![CDATA[RNS press release - Directors' Shareholdings ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190313180345_14001374/ Wed, 13 Mar 2019 18:03:45 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190313180345_14001374/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190308163845_13996216/ Fri, 08 Mar 2019 16:38:45 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190308163845_13996216/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190308070005_13994855/ Fri, 08 Mar 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190308070005_13994855/ <![CDATA[RNS press release - Directors' Shareholdings ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301162024_13987899/ Fri, 01 Mar 2019 16:20:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301162024_13987899/ <![CDATA[News - Robert Walters surges as full year profit tops expectations ]]> https://www.proactiveinvestors.co.uk/companies/news/215596/robert-walters-surges-as-full-year-profit-tops-expectations-215596.html Robert Walters PLC (LON:RWA) shares surged in early deals on Friday after it posted a record performance for the full year with profits coming in ahead of expectations.

The recruitment firm reported a pre-tax profit for the year ended 31 December of £49.1mln, up 21% on the prior year while revenues rose 6% to £1.23bn.

READ: Robert Walters reports record quarter as Asia Pacific and Europe drive growth

Net fee income (NFI) (money recruiters are paid to match people with jobs) was up 14% in the year at £392mln.

The growth in NFI was driven mainly by the company’s Asia Pacific (APAC) and European businesses, which reported increases of 13% to £154.1mln and 25% to £100.8mln respectively.

The company’s other segments, the UK, and Rest of World rose 7% to £107.5mln and 10% to £29.7mln respectively in the year.

The group’s final dividend was also hiked 15% to 10.7p per share, taking the total dividend for 2018 22% higher to 14.7p.

Looking ahead, chief executive Robert Walters said it was “inevitable” that Brexit uncertainty would continue to affect client and candidate confidence in the UK, but added that as 73% of its NFI came from outside the country the company “might benefit from any potential movement of businesses and key staff from the UK”.

Trading for the current year had “started well” and was in line with expectations, with the firm well placed to take advantage of opportunities.

In a separate announcement, the company also said that its deputy chief executive, Giles Daubeney, would step down from his role on 17 May 2019 after 30 years at the firm.

In a note to clients, analysts at broker Liberum said the momentum reflected “an improvement in productivity in the core business” that was expected to continue going forward.

The broker added that they expected consensus estimates to rise 3%-5% based on the strong 2018 performance.

Regarding Daubeney’s departure, Liberum said while his experience would be “hard to replace”, the company had a detailed succession plan and “the tenure of the other members of senior management should help reduce any risk associated with his departure”.

“We continue to see the shares as well positioned to benefit from a number of structural opportunities across a number of its key regions as well as its attractive outsourcing exposure.”

Shares were up 6.8% at 562p.

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Fri, 01 Mar 2019 08:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215596/robert-walters-surges-as-full-year-profit-tops-expectations-215596.html
<![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301070010_13986395/ Fri, 01 Mar 2019 07:00:10 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301070010_13986395/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301070006_13986351/ Fri, 01 Mar 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190301070006_13986351/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190215175204_13971759/ Fri, 15 Feb 2019 17:52:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190215175204_13971759/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190207182226_13962450/ Thu, 07 Feb 2019 18:22:26 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190207182226_13962450/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190124174905_13946202/ Thu, 24 Jan 2019 17:49:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190124174905_13946202/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190117165600_13938707/ Thu, 17 Jan 2019 16:56:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190117165600_13938707/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190111160907_13932476/ Fri, 11 Jan 2019 16:09:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190111160907_13932476/ <![CDATA[News - Robert Walters reports record quarter as Asia Pacific and Europe drive growth ]]> https://www.proactiveinvestors.co.uk/companies/news/212320/robert-walters-reports-record-quarter-as-asia-pacific-and-europe-drive-growth-212320.html Robert Walters PLC (LON:RWA) has reported a record fourth quarter, driven by its Asia-Pacific and European segments.

In an update for the quarter ended 31 December, the recruitment firm reported a net fee income (NFI) of £102.3mln, up 13% year-on-year.

READ: Recruiter Robert Walters posts record quarterly gross profit despite slowdown in UK jobs market

In Asia-Pacific (APAC), the group’s largest segment, NFI rose 19% to £40mln while its European and UK branches grew 22% to £27.6mln and 2% to £26.8mln respectively.

The only area of decline was the Other International segment, where NFI fell 2% to £7.9mln.

The firm said the growth in APAC had been supported by strong performances in Japan, Indonesia, Taiwan, the Philippines and Mainland China, all of which saw NFI rises in excess of 25%. There was also 13% growth in Australia, the highest rate for two years.

In Europe, Germany, Switzerland, Spain and the Netherlands reported NFI growth of over 25% in the quarter, with record performances in Belgium and France. In the UK, the company said recruitment activity remained highest across the regions, while in London growth was strongest in technology and financial services.

The firm also ended the period with net cash of £74.1mln compared to £31.1mln last year.

Robert Walters, chief executive, said the APAC and Europe businesses now accounted for 66% of global NFI and that NFI for the full year was up 15% and the profit for the year was expected to be “comfortably in line with market expectations”.

The group had also reported a record NFI in its previous quarter as it defied a slowdown in the UK jobs market caused by weak business confidence and Brexit uncertainty.

Shares were down 0.36% at 554p.

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Thu, 10 Jan 2019 11:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212320/robert-walters-reports-record-quarter-as-asia-pacific-and-europe-drive-growth-212320.html
<![CDATA[RNS press release - Trading update for Q4 ended 31 December 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190110070006_13929633/ Thu, 10 Jan 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20190110070006_13929633/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181213164443_13903289/ Thu, 13 Dec 2018 16:44:43 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181213164443_13903289/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181204171419_13891446/ Tue, 04 Dec 2018 17:14:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181204171419_13891446/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181130143403_13887479/ Fri, 30 Nov 2018 14:34:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181130143403_13887479/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181127145946_13882340/ Tue, 27 Nov 2018 14:59:46 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181127145946_13882340/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181119082005_13871546/ Mon, 19 Nov 2018 08:20:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181119082005_13871546/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181112151723_13863884/ Mon, 12 Nov 2018 15:17:23 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181112151723_13863884/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031172108_13850220/ Wed, 31 Oct 2018 17:21:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031172108_13850220/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031151205_13849989/ Wed, 31 Oct 2018 15:12:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031151205_13849989/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031124920_13849730/ Wed, 31 Oct 2018 12:49:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181031124920_13849730/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181029165544_13846509/ Mon, 29 Oct 2018 16:55:44 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181029165544_13846509/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181023155317_13839593/ Tue, 23 Oct 2018 15:53:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181023155317_13839593/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181018170657_13834564/ Thu, 18 Oct 2018 17:06:57 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3309/LSE20181018170657_13834564/