|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||20.18|
|Forward Dividend & Yield||0.10 (1.56%)|
|1y target est||N/A|
After rising 50% in a year this fast-growing stock should continue to outpace drinks giant Diageo plc (LON: DGE) despite today's disappointing update, says Harvey Jones.
Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - International companies are cutting back on hiring and senior staff are reluctant to switch jobs because of uncertainty over Brexit, British recruitment company PageGroup (Frankfurt: 658848 - news) said on Wednesday. Companies in Britain were filling vacant positions and roles created by restructuring, but were holding back on creating new jobs or setting aside budgets for expansion, Chief Executive Steve Ingham said. "The reality is uncertainty does not breed confidence to move your career from one company to another or commit to hiring people when you're running a business," he told Reuters.
The company, which mainly finds candidates to fill permanent jobs, reported a record second-quarter gross profit that beat expectations, but its shares fell 2 percent to 479.1 pence by 0900 GMT because of a further decline in the British market. Concern about political stability following last month's election had compounded the uncertainty caused by the Brexit vote a year ago, Chief Executive Steve Ingham said. The group reported a 4.5 percent fall in British gross profit to 36.6 million pounds ($47.2 million) for the three months to June 30, accelerating from a marginal fall in the previous quarter.
British recruitment firm PageGroup said full-year profit is set to rise 13 percent as growth in international markets over the second quarter offsets a weaker UK market following Britain's vote to leave ...