UK – Phaidon International gross profit up 27%

International specialist recruitment firm Phaidon International today reported gross profit rose 27% to £32.7 million in its fiscal year ended 31 October 2016, and that it is ahead of the supervisory board’s expectations for the first half of FY 2017.

Phaidon’s operations include the US and UK, and...

UK – Transline preparing for insolvency, Sports Direct urged to place agency workers on permanent contracts

Transline, an employment agency that was involved with Sports Direct, has submitted court documents preparing for insolvency. Now Sports Direct is being urged to put agency workers onto permanent contracts.

Transline said it was close to securing inward investment, but lodged a Notice of Intention to...

UK – Talascend sold in a management buy-out (Insider Media)

Knutsford-based technical staffing agency Talascend has been acquired in a management buy-out, reports Insider Media. Andy Rowlands, who has previously held the role of managing director at Talascend, has now acquired the business with Secure Trust Bank providing funding to support the deal. Talascend...

Poland – Work Service Group revenue up 16% in 2016

Polish contract, RPO, and outsourcing company Work Service Group (WSE:WSE) and (WSE: LSE) reported revenue for the year ending 31 December 2016 of PLN 2.48 billion (586.5 million), an increase of 16% from PLN 2.14 billion (€501.6 million) compared to 2014.

Sweden – Uniflex Q1 revenue up 5%

Swedish staffing firm Uniflex (UFLXB: SS) reported revenue of SEK 279.4 million (€29.2 million) for the first quarter ending 31 March 2017, an increase of 4.6% compared with SEK 267.0 million (€29.1 million) during the same quarter last year.

UK – Dillistone revenue up 6% in 2016

Dillistone Group (DSG: LSE), the UK-based supplier of recruitment software to the executive search industry, today reported revenue for the full year ending 31 December 2016 of £9.96 million, an increase of 6% compared with £9.44 million a year ago.

The company supplies its recruitment software for...

Switzerland – Michael Page Swiss Job Index shows growth in advertised jobs in April

The Michael Page Swiss Job Index recorded an increase in advertised jobs of 2.1% between March and April 2017. This continues the unbroken positive growth trend in advertised job vacancies since January 2017. The year-to-date growth stands at +9.8% from January to April 2017 and the year-on-year growth...

EU – Employment rate from 20-26 age group reaches new peak

In 2016, the employment rate for the population aged 20 to 64 in the EU stood at 71.1%, up from 2015 (70.1%) and from its previous peak recorded in 2008 (70.3%), according to figures from Eurostat, the statistical body of the EU.

Eurostat states that the Europe 2020 strategy target is to reach a total...

UK – McDonald’s offers employees chance to move off zero-hours contracts (Sky News)

Employees in McDonald’s UK restaurants will be given to change to move off zero-hours contracts and switch to guaranteed hours fixed positions if they want to, reports Sky News. McDonald’s UK Chief Executive Paul Pomroy will inform 115,000 of the country’s restaurant chain employees that they will...

World – European markets boost Randstad Q1 organic revenue growth to 6%

Randstad (RAND: NV), the world’s second largest staffing firm, today reported revenue for the first quarter ending 31 March 2017 of €5.5 billion, an increase of 6.4% on an organic basis compared with €4.7 billion a year ago.

The financial results for the first quarter were broken down as follows:...