UPDATE 2-Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown Adds CEO, CFO quotes, details By Romolo Tosiani April 25 (Reuters) - Dutch recruitment firm Randstad RAND.AS reported better-than-expected first-quarter core earnings on Tuesday, despite a slowdown in hiring by companies. The performance of staffing firms is seen as a bellwether for broader economic activity as companies' appetite for hiring indicates confidence in the economy.
UPDATE 1-UK Stocks-Factors to watch on April 17 Adds news items, updates futures April 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday with futures FFIc1 up 0 .3%. * JOHN WOOD GROUP: John Wood Group WG.L said decided to engage with Apollo Management for a firm offer for a final buyout price of 240 pence per share. * PAGE GROUP: Global recruiter PageGroup Plc PAGE.L forecast near 29% slump in its annual profit.
UPDATE 2-Recruiter PageGroup sees 29% slump in annual profit on tough market conditions First-quarter gross profit down 2.4% at 262.7 mln pounds Quarterly gross profit in U.S. market declines 15% Sees FY operating profit of 140 mln pounds Adds details on U.S. market, analysts comment April 17 (Reuters) - PageGroup PAGE.L on Monday became the latest recruiter to warn of tough conditions in the labour market as it forecast a near 29% slump in 2023 profit, partly hit by weakness in the technology a
BRIEF-Pagegroup Qtrly Group Gross Profit Of £262.7 Mln April 17 (Reuters) - Pagegroup PLC PAGE.L : Q1 TRADING STATEMENT QTRLY GROUP GROSS PROFIT OF £262.7M, -2.4% VERSUS. 2022 QTRLY DECREASE IN FEE EARNER HEADCOUNT OF 304 TO 6,639 QTRLY PRODUCTIVITY DOWN 8% ON Q1 2022 FULL YEAR OPERATING PROFIT EXPECTED TO BE IN LINE WITH COMPANY COMPILED CONSENS
PageGroup flags persistent challenges in labour market April 17 (Reuters) - Global recruiter PageGroup Plc PAGE.L said on Monday the challenging conditions it experienced towards the end of 2022 have continued into 2023, with the company also reporting a fall in first-quarter profit. The FTSE midcap .FTMC firm posted a 2.4% decline in gross profit at 262.7 million pounds ($326.2 million) for the three months ended March 31, mainly weighed down by performance in the Asia Pacific region.
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