Imprint bucks trend

Recruitment shares continued to suffer over the past fortnight as the uncertainty surrounding the future performance of the economy continued.

Imprint was one exception as its share price rose
Recruitment shares continued to suffer over the past fortnight as the uncertainty surrounding the future performance of the economy continued.

Imprint was one exception as its share price rose to a high of 99p as the bidding war for it continued between Hydrogen and OPD Group. Hydrogen's share price fell to 210p, while OPD's shares continued to rise to reach 181p.

Northern Recruitment Group's shares fell 1p to 56.5p on the day it reported that its gross profit had fallen £0.9m to £3.3m for the six months ended 31 December 2007.

Hat Pin's share price hit a 52-week low of 34.25p and trading on the AIM was suspended at the start of the month pending clarification of the company's financial position. Its chief executive Angela Campbell-Noë and finance director Paul Billett are set to resign on the date of the announcement of the preliminary results, normally occurring in March. It also revealed accounting errors in one subsidiary, widely believed to be Akamai.

Corporate Services Group saw its share price remain unchanged after it was announced that it was in discussions regarding a possible merger with Carlisle Group. Carlisle shares rose 3p to 128p on the back of the announcement.

SThree's share price fell to 196.75p in the days after it reported a 34% increase in net fee income to £182.7m for the year ended 2 December 2007, compared to £135.5m in 2006. It later recovered to reach 211.75p.

As Recruiter went to press Empresaria's share price had risen almost 8% or 6p to 83.5p after reporting that its net fee income for the year ended 31 December 2007 was approximately £40m and revenue was approximately £146m.

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