Hydrogen shares rise_2
17 September 2012
Hydrogen Group, similar to Morson, has also seen its shares rise sharply since flotation last year.
Hydrogen Group, similar to Morson (above), has also seen its shares rise sharply since flotation last year.
Hydrogen reported a pre-tax profit of £5.14m for 2006, compared with a pro-forma profit of £4.17m for 2005.
The group operates across seven divisions: Project Partners, Commerce Partners, Target Partners, Finance Professionals, Audit Professionals, Law Professionals and HR Professionals. Chief operating officer Tim Smeaton said Hydrogen would launch Front Office Trading as a separate brand in the second quarter of this year.
Executive chairman Ian Temple told Recruiter the Project Partners business hoped to gain from the introduction of MiFID (Markets in Financial Instruments Directive), due in November. This will require firms to hire more compliance staff. Project Partners has a specialist website, mifidjobs.com.
On the group as a whole, Temple added: "The current financial year has started well, with trading conditions remaining favourable, and we look forward to further success."
Hydrogen has grown its headcount to 264, from 211 a year earlier. Net fee income productivity per head has increased 13% to £106,000. The shares are near their highest since flotation on the stock exchange in September.
Hydrogen reported a pre-tax profit of £5.14m for 2006, compared with a pro-forma profit of £4.17m for 2005.
The group operates across seven divisions: Project Partners, Commerce Partners, Target Partners, Finance Professionals, Audit Professionals, Law Professionals and HR Professionals. Chief operating officer Tim Smeaton said Hydrogen would launch Front Office Trading as a separate brand in the second quarter of this year.
Executive chairman Ian Temple told Recruiter the Project Partners business hoped to gain from the introduction of MiFID (Markets in Financial Instruments Directive), due in November. This will require firms to hire more compliance staff. Project Partners has a specialist website, mifidjobs.com.
On the group as a whole, Temple added: "The current financial year has started well, with trading conditions remaining favourable, and we look forward to further success."
Hydrogen has grown its headcount to 264, from 211 a year earlier. Net fee income productivity per head has increased 13% to £106,000. The shares are near their highest since flotation on the stock exchange in September.
