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
Company
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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The near-term outlook for Hays and Page’s non-UK business is strong, but both stocks are on historically high price/earnings ratios
Hays said conditions in the UK remain stable while conditions "remain good" in the majority of its international markets
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
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Sky updates the market on Thursday as the takeover target carries on business as usual.
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The Swiss bank’s analysts said: “We now expect cyclical upgrades to continue in the near term as indicators remain strong, and see mid-term structural upgrades as a positive price/mix shift (e.g. Germany) drives margins to new highs.”
Car finance applications and transactions in the half year were both up around 20% on a year ago
Hays reported a rise in full year profits and net fees as growth in its international businesses offset a decline in the UK and Ireland where business confidence has been knocked by Brexit
Copper is like Arsenal’s Per Mertesacker crossing the halfway line with ball still at feet – in nose-bleed territory, or at least at levels last seen three years ago
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The day ahead includes the quarterly FTSE reshuffle announcement and full year results from UK recruiter Hays
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The week ahead includes results from Bunzl PLC, Hays, PLC, Ladbrokes Coral PLC, a trading update from WH Smith PLC, and the September US jobs report
Hays has reported a record quarterly performance as growth in international net fees offset a decline in the UK
The Footsie closed down on the day but up on the week
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Day ahead: Trading updates from Hays, Ashmore Group; US CPI inflation numbers ...
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Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
It has also created a new business, Time Out Market, described on the site a culinary and cultural experience.
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Recruitment firms Hays, PageGroup and Robert Walters have reported a pick-up in UK trading post Brexit while British companies in manufacturing and services are struggling to fill roles
HSS Hire's boss is leaving amid continued struggles at the company
Hays reported a 4% decline in net fees in its UK and Ireland business in a sign that employers are more cautious about hiring amid Brexit uncertainty
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Yesterday the FTSE 100 briefly rose above 7,400 ... today, a sub-7,300 level beckons