PageGroup warns on profits amid continued hiring slowdown
The Surrey-based group reported a £224.3mn gross profit for its second quarter, down 12 per cent year on year in constant exchange rates, as budget-conscious employers put off hiring decisions in a harsh economic climate. [...]the rate of decline in profits from temporary hires worsened from the fir...
Saved in:
| Published in: | FT.com |
|---|---|
| Main Authors: | , |
| Format: | Newspaper Article |
| Language: | English |
| Published: |
London
The Financial Times Limited
09-07-2024
|
| Subjects: | |
| Online Access: | Get full text |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | The Surrey-based group reported a £224.3mn gross profit for its second quarter, down 12 per cent year on year in constant exchange rates, as budget-conscious employers put off hiring decisions in a harsh economic climate. [...]the rate of decline in profits from temporary hires worsened from the first quarter too. Russ Mould, analyst with AJ Bell, said: “It will be of particular concern to the company’s shareholders, and perhaps economists and policymakers, that temporary hires are coming under further pressure. |
|---|