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Thursday 08 August 2024 7:27 amRecruiter Page Grouprsquo profit craters as jobs market slowdown continuesBy: Guy TaylorTransport ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailThe recruitment industry has struggled with a slowdown in hiring among UK employ <a href=https://www.brumates.us>brumate</a> ers.Recruitment giant Page Grouprsquo profit more than halved as the industry grapples with a slowdown in hiring among UK employers and wide macro-economic uncertainty.Pre-tax profit fell 56.2 per cent to pound;27.2m in the six months ended 30 June, while earnings per share came in nearly a third lower <a href=https://www.polene-italy.it>polene italy</a> year-on-year, at 5.3p.Revenue decreased 13.1 per cent to pound;898m.It comes shortly after new figures from KPMG and the Recruitment and Employment Confederation REC revealed a drop in permanent staff placements in July, as large employers made more redundancies and hired fewer new starters.Page Group shares are down over 15 per cent this year to date.Nic <a href=https://www.polenes.us>polene handbag</a> holas Kirk, chief executive Officer, said: The Group experienced challenging market conditions across all regions in the first half, with a softening in activity levels towards the end of the period, particularly in terms of new jobs registered and number of interviews undertaken.The conversion of interviews to accepted offers continues to be a significant area of challenge, as candidate and client confidence remains subdued, reflecting the macro-economic uncertainty in the maj Oomm Shares dip for Trustpilot despite booking surge
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