UK banks hold back Michael Page
Profits soar globally but UK experiences some weakness in parts of the banking sector, accounting recruiter says.
Profits soar globally but UK experiences some weakness in parts of the banking sector, accounting recruiter says.
Parts of the banking sector held back accounting recruiter Michael Page in
the UK in the fourth quarter of 2007, while global profits surged ahead, the
group said today.
Profits soared by 37% worldwide for the full year, the group said, but UK
growth lagged behind other parts of the world.
Full year gross profits were £478.1m, an increase of 37.1% on the previous
year, but UK earnings growth for the year was just 19.4%. In the fourth quarter,
global profits grew by 37.6%, while UK profits grew by 15.6%.
‘During the fourth quarter, save for some weakness in specific banking
sectors, the UK business continued to experience good levels of activity across
all other disciplines and industry sectors,’ the group said in a statement.
Further Reading:
Read
Michael Page’s fourth quarter statement
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThe Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleThe modern consumer is tech-savvy, and generally digitally literate. Nowhere is this more evident than within the financial sector; consumers demand r...
View articleEntries are now open for the Accountancy Age 35 under 35 2022 ranking, highlighting the brightest young talent in the accountancy sector Read More...
View articleWith the year nearing its close, Chris Evans, vice president and country manager at Intuit QuickBooks UK, takes the opportunity to reflect on the past...
View articleShowcasing the industry's rising talent, the fourth and final instalment of our 35 under 35 rankings highlights five young UK professionals who are ma...
View articleLive broadcast event specifically for accountants Read More...
View article