Confidence reduced as Page records an additional challenging quarter
07:44, Graeme Evans
Recruitment company Page Group claimed trading problems remained to be tough after it reported a 16.7% decrease in gross revenue for the 3rd quarter.
Chief exec Nicholas Kirk claimed: “Whilst most markets were sequentially stable, we experienced softer activity and trading in a number of European countries including France and Germany.
“The conversion of interviews to accepted offers remains the most significant area of challenge as the ongoing macroeconomic uncertainty in the majority of our markets continues to impact candidate and client confidence negatively.
“In this context, permanent recruitment continues to be impacted more than temporary.”
Page’s UK organization, which makes up 13% of general incomes, dropped by 13.5% in the 3 month duration. This complied with a decrease of 17.4% in the 2nd quarter.
Page claimed: “We continued to see clients deferring hiring decisions and candidates cautious about accepting offers. Temporary recruitment was more resilient than permanent recruitment, reflective of market conditions.”
FTSE 100 seen somewhat reduced after solid United States session
07:25, Graeme Evans
The FTSE 100 index is to make a restrained begin to the week as interest transforms to a run of heavyweight financial news.
Unemployment and wage numbers on Tuesday and rising cost of living the complying with day will certainly feed right into the Bank of England’s following rates of interest choice on 7 November.
The FTSE 100 index is seen 9 factors reduced at 8245, having actually included 15 factors on Friday.
On Wall Street, the leading criteria were all greater after JPMorgan uploaded forecast-bearing outcomes at the beginning of the 3rd quarter profits period.
The extra pound stands at $1.306 while Brent Crude is $78.11 a barrel.
Mulberry investor declines Frasers technique
07:12, Graeme Evans
A brand-new Mulberry requisition technique by Mike Ashley’s Frasers Group has actually been denied by the high-end purse manufacturer’s largest investor.
Malaysia- based Challice, which holds a 56.1% risk, claimed the other day it has no rate of interest in marketing to Frasers “or providing Frasers with any irrevocable or other undertaking“..
On Friday evening, FTSE 100-listed Frasers tabled an improved approach of 150p a share valuing Mulberry at £111 million.
Mulberry said today it is working with “advisers to consider the company’s position and will provide a further announcement in due course”.
