Michael Page shares leapt to 595p yesterday after the accountancy recruiter reported a 38% rise in gross profits for the second quarter of 2007.

The company specialises in accountants, lawyers and engineers, and saw profits for the quarter climb to £121m.

The company has worked on overseas expansion with six new offices abroad and  has more on the way.

Reported in the Daily Telegraph, Steve Ingham, chief executive, said: 'There is clearly a continuing strong demand for talent throughout the globe and with a shortage of suitably qualified people, the sourcing of candidates on an international basis is a key differentiator for Michael Page.'