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"
Archive
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