Wed, 9 May 2012

Steve Ingham, the chief executive of international recruiter Michael Page, says that in the unlikely case of an attempted takeover, any offers for the company would have to exceed £2bn.

Ingham was speaking to German language Swiss newspaper Finanz und Wirtschaft, in an interview in which he also noted that he expected no acquisition activity, in keeping with the firm’s past.

He said: "Since its inception Michael Page hasn't done any takeovers and I don't expect us to do that in the future either.

“I have not yet seen evidence that in our business, acquisitions are efficient means of growth."