Hays upgraded to ‘buy’ by UBS as recruiter enters new cycle
Analysts raised the target price to 180p from 120p as the growth outlook moves away from lows, in line with the wider sector
Company
Hays PLC
LON:HAS
Hays plc is a United Kingdom-based recruitment group engaged in the provision of specialist recruitment of permanent and temporary, professional and technical staff. The Company operates in three geographical segments: United Kingdom and Ireland, Continental Europe and Rest of World, and Asia Pacific. As of June 30, 2008, the Company operated in 19 countries in the region and has opened operations in Hungary and Denmark. It operates in various sectors, such as accountancy and finance, construction and property, information technology, sales and marketing, banking, contact centers, education, executive, financial services, healthcare, human resource, legal, oil and gas, pharmaceutical, purchasing, resource management, and resources and mining.
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Hays fees fall but less than in previous quarter
The recruiter said it is “too early to quantify” the negative impacts of new UK and European lockdowns on the second half of the financial year
Hays stays in profit but says material recovery needs net fees to rise
In the quarter to September 30, total net fees slowed down by 29%
Hays drops dividend as recruitment markets remain tough
The FTSE250 group said it only operated at broadly breakeven in the fourth quarter of the financial year just ended
Hastings in talks with suitors after takeover approach
Hastings shares shot up 18% on news that an approach had been made
Hays expects to swing to loss during summer months
The recruiter still made a profit for the year to June thanks to temporary cost-saving measures
Hays cancels dividend and looks to raise £200mln for post-coronavirus opportunities
The recruiter warned that profits will be well short of previous expectations but was confident it can make it through a challenging few months
Hays expects big hit from UK tax changes in April
The new legislation is expected to halt temp activity in the private sector, while foreign exchange hit accounts by £3mln in a month
Hays blames UK election, Aussie bushfires and French strikes for quarterly fee contraction
The recruitment firm suffered declines across almost all of its markets as a number of 'external events' compounded a slowdown caused by low business confidence and economic uncertainty
Hays warns on profits after deterioration in Australia, France and UK
“Conditions in the UK remained uncertain, particularly before the election, although the result may provide impetus over time,” said chief executive Alistair Cox
Hays sees lower confidence in UK and Germany, offset by US and China
The careers company said like-for-like sales were flat and a weakening Sterling against the Euro remains a "material sensitivity"
Hays on the back foot as restructuring costs drag profits lower
Profits were hit by higher commission payments, the cost of restructuring operations in Europe and a charge for equalising pension benefits for men and women
Investments and investor services
Hays posts flat gross profit as political uncertainty in Australia and UK hurt business confidence
Hays said it remains mindful of economic and political uncertainties
Investments and investor services
FTSE 100 closes higher as the weaker pound boosts UK benchmark
The UK's premier share index finished around 45 points higher, at 7,577
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Uber finance chief, Nelson Chai, remained upbeat about the group’s prospects, saying he had seen some less aggressive pricing by competitors.
RBC moves Hays to ‘outperform’, says recent weakness represents ‘good buying opportunity’
Hays’ shares have underperformed those of its peers so far in 2019, and RBC reckons that means they are worth a punt
Hays reports slowdown in gross profit growth despite benefit of later Easter
“While we remain mindful of macroeconomic conditions, the outlook remains positive across most of our markets,” said chief executive Alistair Cox