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Adecco: off shopping?
With valuations still well their below their peak, the elephant in the room remains the acquisition intentions of Adecco, whose new chief executive Patrick De Maeseneire started work at the beginning of June.
FDM in MBO discussions
Hot on the heels of OPD, IT recruiter FDM became the second publicly quoted recruiter in recent weeks to announce it is in bid talks with members of its own management team.
Glimmers of light emerge
The key themes that have driven staffing share prices higher this year remained intact over the past fortnight. Although the trading environment remains tough, glimmers of light are emerging in a few corners of the labour market and forward looking indicators of economic activity continue to positively surprise. Takeover activity traditionally picks up as confidence returns to equity markets and recent developments in the staffing sector suggest that the industry is in for an interesting ...
Hearn poised to buy OPD
International recruitment services company OPD has confirmed it has received an indicative offer for the company from chairman Peter Hearn at 57p a share. OPD says an independent committee of the OPD board has been formed to evaluate the indicative proposal and has granted Hearn permission to undertake limited due diligence into the company.
Risk leads to stock rises
The last week showed an interesting disconnect between stock markets and the actions of the Labour Government. Alistair Darling’s Budget received a cool reception from the City, yet the market continues to rally.
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