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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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LON:RWA
Robert Walters is engaged in the provision of professional recruitment services on a permanent and contract basis in the United Kingdom, Europe, Asia Pacific, the United States and South Africa, to clients in the financial, commercial and industrial sectors.
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There were mixed messages in Mario Draghi's update on Thursday
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With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
Investments and investor services
UK gross profit in the second quarter was down 8%, but the recruiter now generates three-quarters of its net fee income from overseas businesses.
Investments and investor services
The Footsie closed the afternoon session down nearly 13 points at 7,536.
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After a relatively quiet start to the week, the news flow is set to ratchet up on Tuesday as a host of big names publish updates of one kind or another
“Current trading is in line with market expectations for the full year," said chief executive Robert Walters
The recruitment firm reported a pre-tax profit for the year of £49.1mln, up 21% on the prior year while revenues rose 6% to £1.23bn
Footsie closed the day 32 points up, or 0.45% at 7,106
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Fridays are normally quiet affairs in the City, but not this week…
In an update for the quarter ended 31 December, the recruitment firm reported a net fee income of £102.3mln, up 13% year-on-year
Credit Suisse raised its rating on Pagegroup to ‘outperform’ from ‘neutral’ but cut its target price to 575p from 600p
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The day ahead includes trading updates from Marston's and PageGroup
Robert Walters expects full year pre-tax profit to meet current market forecasts after a strong third quarter
Robert Walters achieved growth across all its markets, even in the UK where employers have been cautious about hiring amid Brexit uncertainty
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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The day ahead includes trading updates from Hays and Experian
The Asia Pacific region accounted for most of the total gross profit in the second quarter
Investments and investor services
The UK blue-chip benchmark closed around four points higher at 7,692
Marks & Spencer's AGM day is set to be less eventful than usual, as it has decided not to provide a trading update.