A strong performance from its contract business has seen revenues rise at international recruiter Hydrogen Group.
The group’s unaudited interim results for the six months ended 30 June 2011 reveal:
· Group revenue increased by 45% to £80.0m (2010: £55.2m)
· Group net fee income) increased by 14% to £15.1m (2010: £13.2m)
Research is underway now to identify the UK’s 50 fastest-growing recruitment businesses for Recruiter’s Fast 50 2012 in association with Boxington Corporate Finance.
International recruiter Empresaria Group has seen revenues rise but group performance has not met expectations, according to results for the six months ended 30 June 2011.
The group’s results reveal:
· Revenue increased 1% to £105.2m (June 2010: £104.4m)
· Permanent revenue increased 26% and temporary staffing revenues decreased 1% year on year
Seven in 10 finance directors say their business is seeing growth, according to a survey from finance staffing specialist Robert Half.
The findings from Robert Half’s executive round-table series, reveal seven in 10 (70%) said that their business was experiencing growth, while a further 79% of those who could not report growth today predicted that it would return within the next year.
International IT recruiter InterQuest Group plans to focus on “strong operational management” as it posts increased revenues for the six months ended 30 June 2011.
The group’s results reveal:
· Revenue up 10% to £61,057,000 (2010: £55,332,000)
· Net Fee Income up 11% to £7,812,000 (2010: £7,035,000)
· Adjusted EBITA up 2% to £1,761,000 (2010: £1,730,000)
Escape the City, a careers service which offers unfulfilled finance professionals a route into more meaningful employment, has launched a US-based website.
The US site, operated from New York, is led by Mikey Howe, an ex-Merrill Lynch investment banker, who decided to quit his job to take the role.
The number of new City jobs fell in August, according to the latest Morgan McKinley London Employment Monitor.
The Monitor registered registered an 18% month-on-month drop in job opportunities from 4,977 to 4,095. Compared to August last year, this was also a fall of 26% from 5,544 available roles.
Outgoing Empresaria chief executive Miles Hunt is to take an advisory/part-time role at peer-to-peer business learning forum Elite Leaders.
The polarisation of the recruitment process outsourcing (RPO) market is set to continue, leaving companies in the middle facing the biggest challenge, according to Chris Herrmannsen, chief executive of RPO Ochre House.
Multi-sector recruiter Jark has strengthened its team with new hires.
Jark Driving Bellshill welcomes Keir Mcintyre as a consultant and Jark Industrial Edinburgh has recruited a trainee recruitment consultant, Blair Johnstone.