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UK – Impellam announces acquisition of technology player

4 November 2014

UK recruitment firm Impellam Group (IPEL: AIM) today announced the acquisition of Lorien Limited, a UK-based technology staffing firm, for an initial cash consideration of £22.3 million and £7.5 million in new ordinary shares.Impellam will assume Lorien's net debt of £14 million and pay an additi...


Netherlands – Randstad Innovation Fund makes another investment

4 November 2014

Recruitment giant Randstad announced today that the Randstad Innovation Fund (RIF) is investing in VONQ and Qandidate.com, with Qmulus as co-investors. RIF’s portfolio, which started in early 2014, also includes Gigwalk, twago, and RolePoint.VONQ is Europe’s largest provider for online recruitmen...


Europe – Are recruitment investments still viable?

4 November 2014

The recruitment sector is often seen as a bellwether for the wider economy, shedding light on the tranquillity or turmoil of the journey ahead. However, despite Hays releasing positive results at the end of August, notably recording, year-on-year, net fee growth of +8% in Germany and +5% in Franc...


UK – World Careers Network reports strong revenue and profit growth

3 November 2014

World Careers Network (WCN) (WOR: LN), a provider of talent management systems and e-Recruitment solutions today reported revenue for the year ending 31 July 2014 of £8.6 million, an increase of +18% compared with £7.2 million a year ago.Operating profit for the year rose by +38.3% to £2.4 millio...


Netherlands – USG People acquires stake in Dutch online services provider

3 November 2014

Dutch staffing firm USG People (USG: NL) announced that it has acquired 20% of the shares in online services provider Blue Carpet, a Dutch company that helps employers and both regional and sector-wide HR platforms to develop intelligent HR communities for recruitment and selection.At the heart o...


UK – APSCo appalled and dismayed by onerous intermediaries reporting requirements

3 November 2014

The Association of Professional Staffing Companies (APSCo) has strongly voiced its dismay at aspects of the draft legislation from Her Majesty’s Revenue and Customs (HMRC) on the reporting and record keeping requirements for intermediaries, which will come into effect in April 2015.APSCo also sai...


UK – Strong rise in demand for professional talent

3 November 2014

Professional recruitment firms now have +41% more vacancies on their books compared with this time last year, according to new survey data from the Association of Professional Staffing Companies (APSCo).The latest research comes as the Treasury’s GDP growth forecast for the UK economy now stands...


UK – Finance director who swindled recruitment firm Reed jailed for four years

3 November 2014

A finance director who stole more than £300,000 from recruitment firm Reed was jailed last week for four years, reports The Daily Mail. Karen Carberry defrauded to fund her love of shopping for designer brands and to buy gifts for her disabled daughter. The fraud went undetected for more tha...


Netherlands – Domestic market proves challenging for USG People in Q3

31 October 2014

Dutch staffing firm USG People (USG: NL) reported revenue of €623.8 million for the third quarter ending 30 September 2014, an increase of +4.1% from €599.4 million during the same period last year.Gross profit for the quarter rose by +1% to €128.8 million, up from €127.6 million in Q3 2013. Oper...


Belgium – New government to allow agency work in the public sector for the first time

31 October 2014

Following five months without an official government, four Belgian political parties reached an agreement to form a coalition government earlier this month. One of their first acts is a proposal that would allow the public sector to use agency workers for the first time, according to Eurociett, t...