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.
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