Gattaca: Recruiter posts small profit amid industry troubles Recruiter Gattaca has posted a small profit amid growing challenges in the recruitment industry. The London-listed firm recorded revenue of £389.5m for the fiscal year ended 31 July 2024, up from £382.1m last year. However, earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell by around half. Its underlying profit before tax sat at £2.9m, [...]
Robert Walters blames Budget uncertainty for slump in UK fees Business Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Why do only half of Gen Z professionals think pensions are important? Opinion Just 56 per cent of Gen Z think saving for a pension is important compared to 77 per cent of Gen X – and that spells trouble for their retirement, says Daniel Harris Generation Z professionals may not be taking their pension contributions seriously enough – a mindset which could potentially impact their future retirement. [...]
Norman Broadbent: Fee income down 13 per cent amid ‘challenging period’ for recruiters September 9, 2024 Norman Broadbent has reported a slide in fees for the first half of 2024 as it became the latest company to bemoan a "challenging" period for the recruitment sector.
Hays results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Hays: Recruiter’s profit crashes as ‘low confidence levels’ hit hiring August 22, 2024 Global recruitment giant Hays has become the latest industry player to report a dismal set of results, citing cost-cutting at previously high-spending firms and cautious hiring. The FTSE-250 company had already warned it was set for a “subdued summer” due to expenses related to its cost-cutting drive designed to boost long-term profitability in a tough [...]
Hays set to reveal profit slump amid tough recruitment market August 18, 2024 Hays is set to be the latest recruiter to reveal lower profits in the face of a challenging hiring market next week. The FTSE 250 commercial recruitment firm has already warned it was set for a “subdued summer” amid cost-cutting across the business to bolster its finances for the longer-term. Investors will be hoping that [...]
Robert Walters insists 2024 ‘not a lost year’ despite tumbling profit August 1, 2024 Recruiter Robert Walters has insisted that 2024 is not a lost year despite posting another set of results dominated by tumbling profit and and fees.
SThree bucks recruitment sector struggles and hikes dividend July 23, 2024 City recruiter Sthree's focus on industries where talent is in high demand helped it to outperform many of its peers in a half year earnings update in which it posted rising profit and earnings per share despite falling fees and revenue.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues