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PageGroup warns on 2019 profit as macroeconomic problems persist

Reuters

(Reuters) - British recruiter PageGroup Plc <PAGE.L> warned on Tuesday its annual operating profit will be lower than previously forecasted, hit by Brexit, the ongoing Hong Kong protests and signs that growth in continental Europe could be slowing.

The company expects operating profit for 2019 to be in the range of 140 million pounds ($172.17 million) to 150 million pounds, down from its earlier view of lower end market estimates of between 156.5 million pounds to 168 million pounds, according to company-compiled consensus at the time.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Bernard Orr)