Advertisement
UK markets open in 6 hours 43 minutes
  • NIKKEI 225

    38,460.08
    0.00 (0.00%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.74
    -0.07 (-0.08%)
     
  • GOLD FUTURES

    2,329.20
    -9.20 (-0.39%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,637.85
    -1,797.85 (-3.36%)
     
  • CMC Crypto 200

    1,387.56
    -36.54 (-2.56%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Staffing companies: on a tear

** Hays (LSE: HAS.L - news) hits levels not seen in nearly 8 yrs, with Randstad close to 8-yr highs following two-notch BofA Merrill Lynch upgrade on the pair to "buy" vs "underperform"

** Broker raises its staffing-sector earnings forecasts by an average of 15% to reflect an improving European macro outlook

** Sees "significant" upside in spite of re-rating in anticipation of improving macro trends

** BofA ML's top pick Randstad; reckons the Street does not appreciate how high margins could go, driven by mix shift towards perm, rational pricing in temp & external factors

** Hays trading update due Fri; BofA ML says message from mgmt likely to be positive, with scope for Germany (c.40% of EBIT) to be seeing early signs of improvement

** Robert Walters (LSE: RWA.L - news) on Weds forecast FY profit ahead of mkt expectations, boosting its shares & lifting sector (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)