Recruitment industry slow-down?_2
10 September 2012
IT specialist SThree's share price fell to a 52-week low last week, from 514p to 408.5p, despite announcing strong results for the year to 3 June (see recruitermagazine.co.uk).
IT specialist SThree's share price fell to a 52-week low last week, from 514p to 408.5p, despite announcing strong results for the year to 3 June (see recruitermagazine.co.uk). However, analysts believe this is no reflection on SThree, but on the recruitment industry. One told Recruiter that the staffing market has been de-rated because the outlook looks slower than it did three months ago. Xansa's share price fell 0.5p short of a year high at 126.75p, following news that IT services company Groupe Steria has reached agreement to acquire its entire issued and to be issued share capital. Matchtech Group's share price rose to 471.5p and Healthcare Locums rose to 99.25p following positive trading updates.
