Financials

FINANCIALS: Adecco revenues fall by more than €2m

Recruitment giant Adecco Group’s half year 2020 revenues dropped by more than €2m (£1.8m) from the same period last year, according to the company’s half-year report released today.

6 August 2020

FINANCIAL: UK NFI down 31% as Robert Walters sees 21% revenue decline

International professional recruiter Robert Walters became the latest staffing company to reveal the impact of the coronavirus pandemic on its finances, as UK net fee income fell by 31%.

30 July 2020

BDO report on recruitment sector: ‘Wall of cash available to be spent’

Despite the dramatic impact of Covid, funding is not an obstacle for recruitment companies wanting to do deals, “with a wall of cash waiting to be spent”.

29 July 2020

FINANCIALS: Revenue falls 6.9% at Heidrick & Struggles

International executive search firm and talent consultancy Heidrick & Struggles saw its revenue fall by 6.9% in the first six months of 2020, according to results announced today.

Executive search 28 July 2020

FINANCIALS: Revenue down 13% as RTC Group latest recruiter hit by pandemic

Aim-listed engineering and technical recruiter RTC Group is the latest public company to reveal the impact of the coronavirus pandemic, reporting a 13.3% fall in revenue for the six months to 30 June.

FINANCIALS: Parity Group ‘encouraged by return of activity and prospects’

Data and technology focused professional services group Parity Group says it is “encouraged by the recent return of activity and prospects”.

FINANCIALS: Pandemic accelerated trends in our favour, says SThree CEO

The CEO of international STEM recruiter SThree says the group is well positioned to take advantage of the accelerating trends for demand for STEM skills and the growth of flexible working.

Engineering, IT/Telecoms 20 July 2020

FINANCIALS: Manpower swings to loss

Global staffing giant ManpowerGroup swung from profit to loss compared to the same quarter last year, as the effects of the global pandemic on its international operations were revealed.

20 July 2020

FINANCIALS: Gattaca reports fall in trading

Engineering and technology recruiter Gattaca today reported trading down 41% for the period of April, May and June this year over the same period in 2019, with full year net fee income decreasing by 22% for the year ended 31 July.

Engineering, IT/Telecoms 17 July 2020

FINANCIALS: Robert Walters releases trading update

Pre-Covid-19 investment in technology ensured that Robert Walters employees remained productive during the pandemic, the company revealed in its Q2 trading update today [9 July].

Redwigwam wins investment from Northern Powerhouse to expand

Flexible workers provider Redwigwam has secured investment from the Northern Powerhouse Investment Fund to fuel the next phase of its expansion.

9 June 2020

FINANCIALS: Norman Broadbent reports rise in profits

The Norman Broadbent Group has reported a 12% increase in net fee income (NFI) during January to April 2020 from the same period last year. 

Recruiters don’t have confidence in government CBIL loan scheme

Recruiters lack confidence in the government’s Coronavirus Business Interruption Loan (CBIL) due to continuing prohibitive criteria and lack of response.

Rec-to-rec 27 April 2020

FINANCIALS: Randstad stops cash bonuses for executive board

Global recruiter Randstad will not be giving its executive board cash bonuses this year. 

22 April 2020

HMRC suspends tax enquiries to businesses under investigation

HMRC is suspending enquiries into taxpayers and businesses that are under investigation, in the wake of the Covid-19 pandemic, news reports revealed today.

14 April 2020

FINANCIALS: Hays looks to raise equity to reinforce business

Hays has announced plans to raise £200m in equity as the recruitment giant contends with the coronavirus pandemic.

2 April 2020

FINANCIALS: Robert Walters stops dividend payment

International recruiter Robert Walters has revealed it will no longer propose a final dividend for the financial year 2019.

FINANCIALS: Gattaca ceases operations in China

Gattaca says the ongoing coronavirus pandemic will inevitably affect its profitability, with the technical recruiter revealing it is to cease operations in China.

FINANCIALS: Hudson Global reports solid growth with 50+% rise in revenue

Global talent solutions firm Hudson Global has reported a 53.5% increase in revenue year-on-year buoyed by “solid” growth in Europe and Australia.

FINANCIALS: Staffline reveals mixed fortunes due to pandemic

Staffline is encountering mixed fortunes as a result of the coronavirus pandemic.

Retail, Transport & logistics 25 March 2020

FINANCIALS: Randstad cuts dividend payment due to Covid-19 uncertainty

Randstad is to cut its dividend payment for 2019 to retain capital as the recruitment giant contends with the financial uncertainty brought about by the coronavirus outbreak.

23 March 2020

FINANCIALS: Adecco delivers solid results against worsening backdrop

International staffing giant Adecco delivered a solid set of results in 2019.

HOT 100 chart topper Falcon Green sells minority stake

Former Recruiter HOT 100 table-topping construction and engineering recruiter Falcon Green has agreed a deal to sell a minority stake in the business to two private investors.

Slashing Entrepreneurs’ Tax Relief ‘a significant disincentive to invest’ says industry investor

Last week’s Budget announcement by Chancellor Rishi Sunak to slash tax relief for entrepreneurs has been criticised by an investor in recruitment start-ups as “a significant disincentive to invest in and grow high-risk small business”.

17 March 2020

FINANCIALS: SThree flags potential impact of coronavirus but delivers robust net fee performance

Against the backdrop of “increasing global macro-economic uncertainties and challenges”, the CEO of international STEM recruiters SThree has flagged up the threat of the coronavirus to the company’s business.

Life sciences, Engineering 16 March 2020
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