UK's Robert Walters and Hays slide on lower quarterly net fee
** Shares of British recruiters Robert Walters RWA.L and Hays HAYS.L down 7.7% at 360p and 3.1% at 89.6p, respectively
** Cos post fall in quarterly net fees on sluggish hiring market conditions
** Robert Walters net fees down 16% YOY, Hays down 14%
** RWA says "general environment remains one where client and candidate confidence is at low levels, which we expect to continue to be a headwind to fee income growth in the near-term"
** "We continued to see extended 'time-to-hire', impacted by low levels of client and candidate confidence," says Hays CEO in a statement
** RWA shares hit lowest since Oct. 24, 2023, top pct loser on FTSE smallcaps .FTSC index
** Hays shares lowest since Jan. 1, among top pct losers on FTSE midcaps .FTMC index
** Peers PageGroup PAGE.L down 1.1% and SThree STEMS.L down nearly 3%
** Robert Walters was down ~18% in 2023, while Hays ended 2023, down nearly 4%
Reporting by Prerna Bedi in Bengaluru
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