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Predicting the timing of economic recovery is a tricky business. As Paul Venables, finance director of Hays, commented following the company’s latest trading statement: “It’s hard to predict when recovery will come. We are seeing no signs of recovery, and we wouldn’t expect to.”
Staffline and Prime People both issued trading updates during the last period. Prime People said that trading had been hit hard by the downturn in the commercial property market and warned that results for the full year would be “significantly below market expectations”.
Despite the global downturn in the second half of the year, international multi-sector recruiter SThree has announced improved results for 2008.
In the group’s preliminary results for the year ended 30 November 2008:
- Revenue rose 20.8% to £631.5m (2007: £522.7m)
- Gross profit (Fee income) was up 19.8% to £218.9m (2007: £182.7m)
Gilbert: new opportunities
Tim Gilbert, managing director-UK for marketing recruiter EMR, has left the company after 111/2 years.
High-street travel operators continue to witness growth in the recession, according to travel recruiters.
Provider of employment services for people with disabilities and health conditions Remploy has agreed a partnership with BT to deliver an impartial support service for its employees with a disability or health condition.
The contract runs across all of BT’s UK lines of business, accounting for more than 90,000 people.