UK's PageGroup H1 profit halves on lacklustre hiring market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2024
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Source: Yahoo Finance
PageGroup's Profit Decline: PageGroup reported a 53.7% drop in operating profit for the first half of the year, attributing this decline to reduced job openings and interviews amid economic uncertainties, with a forecasted annual profit below analyst expectations.
Hiring Market Challenges: The recruitment sector is facing a tough hiring environment, characterized by candidates' reluctance to change jobs and prolonged vacancy filling processes, compounded by upcoming national elections affecting market confidence.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
