Financials: NES revenue and profit drop ‘due to falling oil prices’

NES Global Talent has attributed a decline in both revenue and gross profit year-on-year to the falling price of oil.

The oil & gas, power and infrastructure staffing specialist’s results for the year ended 31 October 2016 were recently uploaded to Companies House.

The results reveal that group revenue fell to $801.9m (£626.1m) from $1bn in the previous year, while gross profit was also down, from $130m to $104m over the same period, which the group attributed to “significant uncertainties” in the oil & gas sector caused by a falling oil price since 2014.

On more positive note, the past year has seen the group successfully complete the acquisition of oil service company Frontica Advantage, while the recruiter adds it does not think Brexit will have a significant impact on the group.

APPOINTMENTS: 5-9 FEBRUARY 2018

This week’s appointments include: ALC, Cross Country Healthcare, Forward Role, Hamilton Forth, Heidrick & Struggles, Insights Learning and Development, ManpowerGroup, Permanent People, Rutherford Briant, Singular, Stellamar, Workday

People 5 February 2018

Morson acquires Canadian recruitment specialist Strategic Infusion

Morson Group has increased its presence in North America with the acquisition of Canada’s Strategic Infusion.

Contracts 2 February 2018

FINANCIALS: SThree puts US to the fore as UK slips down the rankings

International specialist recruiter SThree has identified the US as a key growth market.

Financials 29 January 2018

CONTRACTS & DEALS: 22-26 JANUARY 2018

This week’s contracts and deals include: IIC Partners, NRL, Paradox, Positive Footprints, REC, Regenda, Smashfly Technologies, Wave, Workday HCM

Contracts 23 January 2018
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