UK – Engineering net fee income growth helps Gattaca swing into profit in H1, revenue up 5.5%

Specialist engineering and professional services staffing firm Gattaca (GATC:LSE) reported revenue of £322.3 million for the six months ended 31 January 2019, an increase of 5.5% compared to the same period last year. Net Fee Income (NFI) was up 1.4% over last year.

UK – Addison Lee refused permission to appeal landmark gig economy case

Taxi and courier firm Addison Lee has been refused permission to appeal a landmark employment rights case which saw the Central London Employment Tribunal rule that bicycle couriers should be classed as workers and are entitled to all the rights of a worker.

In November 2018, the Employment Appeal Tribunal...

UK – Vibe Recruit acquires Centric Recruitment

Welsh recruitment firm Vibe Recruit announced that it has acquired Centric Recruitment, a recruitment agency based in the south of Wales.

No financial details of the transaction were disclosed.

According to Vibe, Centric had been seeking investment after suffering some financial difficulties at the end...

World – SIA editor & publisher receives Neal Leadership Award

Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, has announced that Subadhra Sriram, Editor & Publisher, is among the winners of this year’s Jesse H. Neal Awards. Given annually by the business information association Connectiv, The Neal Awards are prestigious...

UK – Hydrogen Group full year revenue up 7.7% as Net Fee Income growth boosted by integration of Argyll Scott

UK recruitment firm Hydrogen Group (HYDG: AIM) reported revenue today for the full year ending 31 December 2018 of £135.7 million, an increase of 7.7% compared to the same period last year.

South Africa – Adcorp publishes upbeat trading update as turnaround continues

South African workforce management solutions group Adcorp Holdings Ltd. (ADR: JSE) published a trading statement for the full year ended 28 February 2019.

Adcorp said that it has transitioned from a loss-making position and will be posting a net profit after tax. This is driven by growth in the underlying...

Germany – Xing acquires IT recruitment platform Honeypot, will rebrand as ‘New Work’

German professional networking site Xing, a LinkedIn rival, announced that it has acquired Berlin-based IT recruitment platform Honeypot GmbH.

The basic acquisition price is €22 million, with earn-outs of up to €35 million to be paid in addition if certain operating targets are reached within the...

Finland – VMP Group acquires Corporate Spirit

Helsinki-based HR services firm VMP Plc announced that it has acquired Corporate Spirit, a Finland-based company specialising in employee management, expert surveys and organisational development.

VMP will finance the acquisition with its cash assets. The fixed debt free purchase price is €2.5 million,...

Europe – Euro area unemployment rate falls, EU 28 jobless rate drops to record low

The euro area (EA19) seasonally-adjusted unemployment rate stood at 7.8% in February 2019, down from 8.5% in February 2018. This remains the lowest rate recorded in the euro area since October 2008, according to Eurostat, the statistical office of the European Union.

At the same time, the EU28 unemployment...

UK – Parity revenue to be hit by non-renewal of Scottish government contract

Specialist technology staffing company Parity Group (PTY: LSE) provided a trading update last week and announced that a framework contract for the placement of staff it has with the Scottish government is not being renewed.

The company added that it will continue to generate revenue from the existing...