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UK — FDM gross profits up 6.5% to 6.9 million Pounds
18 August 2009FDM (AIM: FDMG), the international IT services business, today announces interim results for the six month period to 30 June 2009. Gross profit increased 6.5% to 6.92m Pounds (H1 2008: 6.50m Pounds). Gross profit margins moved to 27.6% (H1 2008: 25.6%). Profit before tax decreased 7.7% to 2.20m Pounds...
UK — Tribal Group announces interim results
18 August 2009Tribal Group (TRB:LSE), the outsourcing specialist focused on the public service in the UK and internationally, reports an 11% increase in revenues from 113.3 million Pounds to 125.2 million Pounds in the second quarter of 2009 compared to the same period in 2008. Profit before tax was down by 11% from...
UK — Michael Page revenues down by 33%
17 August 2009Michael Page International plc (MPI:LSE), the specialist professional recruitment company, announces today a 33% fall in revenues for the first 6 months of the year ended 30 June 2009 based on constant exchange rates (CER). Gross profits were down by 45% on CER.
30% of gross profits were generated...
Germany — July 2009 expected to be an even better month for temporary employment than June
17 August 2009After the 4% increase in German temporary employment in June, the President of the Federal Association for Temporary Employment (BZA) Volker Enkerts told Der Spiegel "my impression is that there was even more growth in temporary employment in July than there was in June this year."
Official statistics...
Turkey — Temporary Employment agencies likely to be legalised soon
17 August 2009The government's "special employment bureau" bill could soon find its way back into Parliament. According to the Turkish daily Today's Zaman, the government is planning to table the revised text in the near future. The bill would legalise recruitment agencies in Turkey. President Abdullah Gul had rejected...
UK — TV business guru buys local recruitment agency out of administration
14 August 2009James Caan, the television personality from UK TV programme Dragon’s Den, has bought all assets of Cocoabean Recruitment after its owner Mary Pratt said it was "the only option to salvage the business", the Eastern Daily Press reports.
The assets were bought by the HB RIDA Investment Group, a...
Spain — Temporary employment in Galicia up by 27.3%
14 August 2009Galicia, the extreme North-West region of Spain, has benefitted from a national government development fund and the Summer season. The latest joint labour market report by the Association of Large Temporary Agencies (Agett) and International Finance Analysts (AFI) reveals that temporary employment in...
Europe — Moody’s cuts Manpower’s debt rating due to fall in European Revenues
14 August 2009Moody’s Investors Services, the US credit rating agency, has downgraded Manpower’s (MAN:NYQ) debt rating to the brink of junk saying the staffing company’s profits will continue to weaken this year and will not return to pre-recession levels in the next two years, the Wall Street...
Switzerland — Economic crisis creates boom for interim managers
14 August 2009The economic crisis has created an environment of total change and
re-structuring in the Swiss marketplace. "Many companies find it difficult to make long term HR decisions due to the uncertainties of market development and future outlook for the economy. The only thing that is certain is that something...
Exclusive Offer for Western Europe Research Subscribers: VMS/MSP Competitive Landscape Report
14 August 2009As a special offer, Western European Corporate Members will be receiving Staffing Industry Analysts 2009 VMS/MSP Competitive Landscape Report. This is our third annual report on the state of play in the Vendor Management System / Managed Service Programme market — and our most comprehensive to date....