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UK's Robert Walters and Hays slide on lower quarterly net fee

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** 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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