UK results contrast for Hays and Robert Walters
Recruiters see Asia Pacific promise - but UK results differ
Two of the UK’s biggest finance recruiters revealed contrasting fortunes this
morning when releasing their latest figures.
Walters saw UK fee income for Q1 ending 31 March up 23% to £10.1m
on a year earlier. But Hays saw its UK and Ireland net fees fall 18% for Q1,
compared to the same period in 2009.
Improved trading conditions in the banking sector drove Walters’ figures,
however its rest of Europe fees fell 7%. Group fee income climbed by 30% to
growth in the private sector was offset by reductions in the public sector. Its
overall fee income grew 2% due to strong performance in the Asia Pacific region
– where Walters also performed strongly.
Hays share price was down 0.5p to 111.8p on the morning’s trading, while
Walters’ price rose 4p to 227p.