Yet another wave of nine recruiters has revealed their shareholders the fruits of the first six months of the year.

However, most noteworthy was a report by Greatfleet, which revealed that challenging and uncertain market conditions in the financial services sector will impact on its outcome for the financial year.

The report caught the eyes of City analysts, with one telling Recruiter that he sent a copy of the results out to all of his clients.

Greatfleet, the legal and financial specialist, reported that revenue for the six months to 30 June 2007 increased by 9% to £5.9m, compared to £5.4m in 2006. Its net fee income rose by 43% to £4.5m, compared to £3.1m in 2006. The company's pre-tax profit increased to £0.31m, compared to £0.2m in 2006.

Stuart Blake, chief executive of Greatfleet, said: "Recently we have experienced some weakness in our banking recruitment business due to uncertainty in the financial services marketplace. This has led to the company's performance over the summer months being below the board's expectations, and as a consequence the board now believes that the outcome for the current financial year will be materially below their previous expectations."

However, it was not all bad news for Greatfleet shareholders. Its legal business remains buoyant, its growth in Europe is going to plan and the recently acquired Qualitas has started to be integrated and is expected to make a financial contribution.

And this report does not necessarily forecast future doom and gloom for all financial recruiters, as Hat Pin, who also reported last week, revealed that it has seen no negative impact of the uncertainty in the financial markets.

Chief executive Angela Campbell-Noë told Recruiter that Hat Pin has not seen the same ramifications that Greatfleet has experienced. "Our business pipeline in London is as strong as it has been," she said.

So it may be worth hanging on to your recruitment shares for just a bit longer after all.