BusinessCompany NewsHays reports drop-off in UK fees

Hays reports drop-off in UK fees

Net fees from the UK fell by 7% in the second quarter to the end of December

RECRUITMENT company Hays has reported a drop in business from its domestic UK market, while overseas growth has slowed.

The company, which specialises in placing office workers such as accountants, IT workers and secretaries, reported that net fees from the UK fell by 7% in the second quarter to the end of December, although total fees rose by 8% over the period.

“In the UK, the environment remains difficult, especially in our banking and public sector-related specialisms,” said chief executive Alistair Cox.

Overseas business, which represents 70% of the company’s net fees, continued to grow, albeit at a slower rate than in the first quarter.

Hays reported like for like growth of 20% in continental Europe and the rest of the world, driven by Germany and France which grew by 20%. Asia Pacific, led by Australia, grew by 11%.

Related Articles

'Flabbergasted' IFA receives £10m commission in error

Company News 'Flabbergasted' IFA receives £10m commission in error

3y Carmen Reichmann
MPs blast KPMG over failings at Co-op Bank

Accounting Firms MPs blast KPMG over failings at Co-op Bank

3y Richard Crump, Writer
Tesco suspends execs and call in Deloitte over profits overstatement

Accounting Standards Tesco suspends execs and call in Deloitte over profits overstatement

3y Chris Warmoll, Writer
EY issues emphasis of matter note on Co-op Bank

Audit EY issues emphasis of matter note on Co-op Bank

3y Kevin Reed, Writer
FRC to probe Grant Thornton’s AssetCo audit work

Accounting Firms FRC to probe Grant Thornton’s AssetCo audit work

3y Naomi Rainey, Writer
Betfair pays £80m to investors contrary to accounting rules

Accounting Standards Betfair pays £80m to investors contrary to accounting rules

3y Naomi Rainey, Writer
Co-op Bank to raise £400m as losses widen

Company News Co-op Bank to raise £400m as losses widen

4y Richard Crump, Writer
KPMG resigns as Poundworld auditors

Audit KPMG resigns as Poundworld auditors

4y Richard Crump, Writer