FINANCIALS: Impellam expects earnings to be down

Impellam Group says it expects full-year earnings to be slightly below expectations, according to a trading update.

The update, released late yesterday by the managed services and specialist staffing provider, attributed anticipated reduced earnings to a combination of factors including continued disruption to the UK healthcare market, challenging tradition conditions created by Brexit, pay stagnation and increased compliance costs but did add it expects 2017 pre-tax profits to be in line with market expectations.

The update also pointed to momentum gained by the group’s new business Younifi, which became the sole supplier on a national framework called Managing Care Solutions, led by the procurement specialist YPO, progress made with new technological solutions in the UK and Australia Healthcare markets resulting in nine client wins in H2 and a good performance for the group’s Australian businesses in healthcare, managed services and specialist staffing. 

The group added amid challenging market conditions in the UK, it has been managing the business prudently and is now operating with 110 (3%) fewer people than at the end of June 2017, but says its board remains confident that ongoing strategic initiatives, combined with both selective investment in growth opportunities and prudent cost management will deliver sustainable profit streams into 2018.


This week’s launches include: APSCo, ClickMechanic, Computer Recruiter, Guidant Group, ITS, Recite Me, TFS Healthcare,

New to Market 13 February 2018


This week’s contracts & deals: Berry Recruitment, Bullhorn, Crown World Mobility, Educate Resourcing, Jobshop UK, PageGroup, Spider, Templine Employment Agency, The Curve Group, The Daisy Chain, Thunderhead, TXM Recruit, Uniting Ambition, Viventis Search Asia

Contracts 12 February 2018

FINANCIALS: Kelly Services reports increase in Q4 revenues

Recruitment giant Kelly Services has reported a 9% annual increase in Q4 revenues, according to results for the fourth quarter and full year 2017.

Financials 2 February 2018

FINANCIALS: Capita overhauls business and issues profit warning

Capita has issued a profit warning amid plans to strengthen its balance sheet and embark on an overhaul of its organisation resulting in cost cutting and the sale of unprofitable businesses.

Financials 31 January 2018