BusinessCompany NewsMichael Page sees negative outlook

Michael Page sees negative outlook

Accountancy recruitment specialist Michael Page International has warned its short-term outlook was difficult as the downturn bites and the reputation of the profession continues to suffer under Enron's shadow.

As he announced the company’s results yesterday, chief executive Terry Benson said: ‘The short-term outlook remains difficult.’

The company admitted that as anticipated, the current year started slowly and the current level of activity was below the first quarter of 2001.

It said: ‘Our current expectation is that revenue in the first quarter will be no better than the £49.9m achieved in the fourth quarter of 2001.’

Benson added the company’s recovery during the rest of the year depends on the volatility of the specialist recruitment market and its exposure to international economic conditions.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

9m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

9m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor