FINANCIALS: Heidrick & Struggles reveals 20% rise in revenue

Heidrick & Struggles has seen revenue increase 20.3% year-on-year led by growth in its executive search business, according to the international executive search firm and consultancy’s Q2 2018 results.

The results, released late yesterday, reveal net revenue of $183.1m (£139.1m) up from $152.2m in Q2 2017.

A key contributor to the increase in revenue was the group’s executive search business, which saw revenues increase to 23.8% year-on-year to £166.5m, with all three regions of operation – Americas, Europe and Asia Pacific posting revenue growth.

The group’s global technology & services, financial services, consumer markets and industrial practices were identified as key drivers of the growth in billings.

Meanwhile, the group’s consulting business saw net revenue increase 16.3% on the first quarter of the year but drop 6.3% year-on-year, which it attributed to new revenue recognition accounting on enterprise licence agreements, which led to increased deferred revenue.

Over the full six month period to 30 June, the group posted consolidated net revenue of $343.1m up from $292.2m in the first six months of 2017, while executive search net revenue increased 20.6%, or $53.3m, to $312.3m from $259m in H1 2017.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is

Retailers join together to stop exploitation in textile industry

UK retailers John Lewis (pictured), M&S, New Look, NEXT, River Island and Shop Direct have signed up to a joint agreement aimed at combating labour exploitation in UK textiles manufacturing.

Legislation 13 November 2018

Growth sees seafood company create jobs in Grimsby

Lincolnshire’s food manufacturing sector is to be boosted to the tune of 200 new jobs.

5 November 2018

Boat jobs created in Hampshire thanks to boost in sales

More than 100 new boatbuilding jobs will be created following a Hampshire firm’s success at recent boat shows.

1 November 2018

Northern Ireland leisure facilities create more than 50 new roles

If you live in Northern Ireland, we’ve found a few roles for you to jump at.

Lighter Side 31 October 2018