De­layed de­ci­sions hit UK profits of re­cruiter Page

The Daily Telegraph - Business - - Business - By Rhiannon Bury

RE­CRUIT­MENT firm Page Group has blamed a fur­ther drop in profit in its UK busi­ness on lethargy in the mar­ket as firms put off de­ci­sion mak­ing.

In the third quar­ter of the year, the FTSE 250 com­pany re­ported a 7.6pc fall in gross profit to £34.9m in the UK – its big­gest mar­ket. That was a sharper fall than the 4.5pc slide it re­ported a quar­ter ear­lier. Page, which gen­er­ates about a fifth of its gross profit in Bri­tain, said in July that weak­ness in the UK mar­ket could last two years.

“Brexit and po­lit­i­cal un­cer­tainty [are] con­tin­u­ing to im­pact con­fi­dence, par­tic­u­larly amongst our multi­na­tional clients and the more se­nior per­ma­nent can­di­dates,” the com­pany said.

Its busi­ness plac­ing per­ma­nent can­di­dates was down 10pc, while its tem­po­rary busi­ness was only down 2pc.

Steve Ing­ham, chief ex­ec­u­tive, said although the jobs and can­di­dates were still pre­sent­ing them­selves, get­ting peo­ple into roles was prov­ing harder. Page re­ported an 11.8pc rise in gross profit across all re­gions to £177.3m in the three months to Sept 30.

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