Hays reports third quarter gross profit growth in subdued UK jobs market
Hays said net fees in the UK and Ireland fell 2% in third quarter as employers exercised caution amid Brexit uncertainty
Company
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.
126 stories · page 5 of 7
Hays said net fees in the UK and Ireland fell 2% in third quarter as employers exercised caution amid Brexit uncertainty
Archive
It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
PageGroup left its full year guidance for operating profit of £132mln unchanged but warned that a number of macro-economic uncertainties remain
Investments and investor services
FTSE 100 closed in the red - down around nine points at 7,257
Archive
Updates are expected from Tesco, ASOS, PageGroup and McCarthy & Stone
Investments and investor services
Tuesday brings Robert Walters first quarter trading statement, it will be the first in the series of updates from the sector.
The UK blue chip share index finished around 11 points higher at 7,194
Archive
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
PageGroup reported a 9.8% increase in total gross profit at constant exchange rates to £711.6mln for 2017
Investments and investor services
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
Archive
Whenever a CFO serves notice to quit, as Paddy Power's Alex Gersh did this week, shareholders tend to get a bit nervous
RBC raised its rating on the UK recruiter to ‘outperform’ from ‘sector perform’
Did someone mention Brexit? Fourth-quarter profit in France: +28%; Germany +14%; UK -2.8%
Investments and investor services
The UK blue chip index rose to a new record high on Wednesday
Deutsche Bank expects Sainsbury’s will report a 0.4% gain in LFL sales from the year before, having revised this forecast down from its previous prediction of a 1.3% increase
Archive
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Credit Suisse has adjusted its ratings and target prices on a number of business service stocks
The near-term outlook for Hays and Page’s non-UK business is strong, but both stocks are on historically high price/earnings ratios
PageGroup said Brexit and political uncertainty continued to weigh on business confidence in the UK during the third quarter
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60