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
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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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