Financials

FINANCIALS: ‘Stable’ first quarter for Adecco

Adecco has reported “stable” first-quarter revenues of €5.7m (£4.9m) today [7 May 2024], while experiencing a net negative effect of currency conversion and working days with a net negative impact.

FINANCIALS: Hays cites ‘challenging’ conditions on quarterly results

Challenging market conditions were cited by global recruiter Hays as the company saw a 14% fall in group fees year-on-year with actual net fees dropping by 17%.

17 April 2024

FINANCIALS: Gattaca report showcases key initiatives delivered in first half of 2024

Specialist engineering recruiter Gattaca has reported a net fee income (NFI) of £19.7m, down 13% year-on-year in interim results for the six months ended 31 January 2024.

17 April 2024

FINANCIALS: PageGroup profits down as clients’ recruitment budgets tighten

PageGroup has reported “financial deteriorations” across all geographies except India today [15 April 2024] as ongoing market conditions continue to challenge the global recruitment company.

15 April 2024

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Revenue growth of almost £4m in Norman Broadbent year-end results

Norman Broadbent has revealed its best financial results in over a decade.

Not all doom and gloom as market generated £17.9bn in the past year

Some 70 M&A deals were completed in the UK recruitment sector in 2023, according to the latest ‘Recruitment M&A review’ from BDO.

27 February 2024

Bain and Gray moves to employee ownership trust

London, Soho-based executive secretarial and PA recruiter Bain and Gray has announced its transition to an Employee Ownership Trust (EOT).

FINANCIALS: Norman Broadbent posts highest profits in a decade

Executive search and interim management firm Norman Broadbent has announced its highest net fee income (NFI) in over a decade.

FINANCIALS: PageGroup announces 20% fall in UK profits

Falling candidate and client confidence contributed to a nearly 20% drop in gross profits (GP) for PageGroup’s UK operations in Q4 of its 2023 financial year.

15 January 2024

FINANCIALS: Hays announces 10% fall in group fees

Group fees at global recruiter Hays dropped by 10% in the second quarter of the company’s 2024 financial year, the recruiter has announced.

9 January 2024

Fresh Perspective secures £30k investment from NPIF

Fresh Perspective Resourcing has secured £30k from the Northern Powerhouse Investment Fund (NPIF) – River & GC Microfinance.

Company insolvencies hit highest levels since global financial crisis

Company insolvencies in England and Wales in the second and third quarters of 2023 have hit their highest since the global financial crisis in 2009, the Insolvency Service (IS) has revealed.

Retail, Transport & logistics 31 October 2023

FINANCIALS: Hays posts profits fall

Hays group fees dropped by 7% year-on-year on a like-for-like basis in its Q1 24 trading results, compared to a record quarter in the previous year.

FINANCIALS: SThree’s Q3 trading update reveals ‘resilience’

STEM recruiter SThree’s trading update shows the global company’s net fees down 7% year-on-year amid ongoing macro-economic weakness.

Life sciences, Engineering 21 September 2023

FINANCIALS: Page Group reports drop in half-year profits

Recruitment giant the Page Group reported 2023 half-year gross profit of £526.8m yesterday [7 August], falling off from £538.9m in the same period in 2022.

8 August 2023

Staffline launches share buyback scheme

Recruitment and training group Staffline will make a series of share repurchases with a view to returning up to £4m to shareholders, the company announced today [1 August 2023].

1 August 2023

FINANCIALS: SThree remains resilient despite dip in profits

Global STEM staffing business SThree delivered a net fee performance of £208.6m for the first half of 2023, the company reported today [25 July].

Life sciences, Engineering 25 July 2023

FINANCIALS: Lehne welcomes ‘robust’ half-year performance for SThree

Contract fees were up 3% year-on-year across the majority of its regions, reveals global specialist staffing business SThree.

Life sciences, Engineering 27 June 2023

Hiring platform hackajob wins investment for US expansion

Full stack technical hiring platform hackajob has announced a $25m (£19.86m) Series B funding round led by Boston-based growth equity firm, Volition Capital, with participation from existing investors AXA Venture Partners and Foresight.

IT/Telecoms, HR 4 May 2023

Company insolvencies rise by 16% year-on-year

Company insolvencies in March 2023 were up compared to a year ago and higher than pre-pandemic numbers.

18 April 2023

FINANCIALS: Empresaria reveals 10% growth in profits, 75% growth in Offshore Services

Global specialist staffing group Empresaria has revealed 10% growth in net fee income to £65.4m, with its Offshore Services achieving 75% growth year-on-year.

FINANCIALS: Impellam announces sale completion of businesses and rise in profits

Global staffing firm Impellam Group expects to report annual gross profit of £315m, an increase of 23.7% compared to FY 2021.

8 March 2023

FINANCIALS: SThree posts consecutive record performance

International recruitment firm SThree has announced its financial results for the year ended 30 November 2022, posting a second consecutive record net fee performance.

Life sciences, Engineering 1 February 2023

FINANCIALS: Gattaca reveals improved second half year performance

Engineering and technology recruiter Gattaca has revealed its preliminary report for the 2022 financial year, which ended 31 July 2022.

Engineering, IT/Telecoms 7 November 2022
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