PageGroup Cuts Outlook as Employment Confidence Ebbs.

PageGroup, a British recruitment firm, has reduced its profit guidance after experiencing decreased confidence among clients and candidates globally. Due to delayed hiring times, the company is now predicting a full-year operating profit slightly below its previous estimate of £120-£125 million. In the fourth quarter, gross profit declined by 8.9%, largely due to delayed hiring times in permanent recruitment.

January 15, 2024
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