Mixed fortunes for firms

As Recruiter went to press Hays' share price had risen 0.25p to 106.25p after a trading update revealed that its net fees had increased by 23% in the quarter ended 31 December, compared to the
As Recruiter went to press Hays' share price had risen 0.25p to 106.25p after a trading update revealed that its net fees had increased by 23% in the quarter ended 31 December, compared to the same period last year.

Parity Group's share price fell 1.5p at the beginning of January, from 52p to 50.5p, on the days following its trading update which said its trading in the second half of the year was in line with expectations. The share price later recovered to 51p. The new year also saw Staffline Recruitment Group's share price rise 5p, from 122.5p to 127.5p, as it reported good progress across all parts of its business. Managing director Andy Hogarth said the company would deliver strong growth compared to 2006. The share price later gained to reach 128.5p.

Harvey Nash's shares rose marginally by 0.5p to 54p at the end of December as it updated the City on its progress. It said its turnover for the three months to 31 October rose 28%, while its net fee income increased by 23% on the comparable period last year.

Meanwhile the battle for Imprint affected the share prices of all the parties involved. Imprint's share price rose 1.25p on the news that Hydrogen had finally put an offer on the table, Hydrogen's share price fell 2p on the news, while other suitor OPD Group saw its shares fall by 7p.

Networkers International's shares remained static at 30.5p at the beginning of last month as it announced strong trading — they later rose to 31.5p. It said it is in line to meet market expectations for the full year and trading conditions for 2008 are encouraging.

Also last month, Servoca's share price remained unchanged at 44.5p on the days following its acquisition of International Security & Surveillance ISS Special Projects. However, its shares later fell to 39.75p.

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