Daily News
World – PageGroup CEO takes leave of absence following skiing accident; CFO to lead executive team
18 March 2019PageGroup, the UK-based staffing provider with international operations, announced in a regulatory filing that CEO Steve Ingham had an accident while skiing resulting in a severe back injury. PageGroup expects this will lead to his absence from the company for “a number of weeks.”
PageGroup's...
South Africa – ADvTech full year revenue up 11%, reports growth across all divisions
18 March 2019South Africa-based recruitment firm ADvTech (ADH: SJ) reported revenue today for the six months ended 31 December 2018 of ZAR 4.38 billion (USD 303.7 million), an increase of 11% compared to the previous year.
(ZAR millions) | FY 2018 | FY 2017 | Change | FY 2018 (USD millions) |
Revenue ... |
UK – Operam Education Group acquires Teachers UK and The Education Specialists
18 March 2019Operam Education Group, a UK-based education recruitment agency, announced that it acquired education recruitment firms Teachers UK and The Education Specialists.
Financial details of the transactions were not disclosed.
The acquisitions followed an announcement from Operam that it had received an investment...
UK – Interserve goes into administration after rescue deal is rejected (The Guardian)
18 March 2019UK-based outsourcing firm Interserve has gone into administration, reports The Guardian. Earlier this year Interserve agreed to a rescue deal to reduce £650 million debt pile, however shareholders rejected the rescue deal during a General Meeting last week with the company’s largest shareholder,...
UK – SThree Q1 gross profit up as international growth offsets weakness in UK
15 March 2019International recruitment firm, SThree (STHR: LSE) issued a trading update for the first quarter ended 28 February 2019 with group gross profit increasing by 9% year-on-year in constant currency.
Growth in Continental Europe and the USA offset a decrease in the UK and Ireland.
85% of Group gross profit...
Germany – Amadeus FiRe full year revenue and profits rise in 2018
15 March 2019German recruitment firm Amadeus FiRe AG (AADX: GER) reported final consolidated results earlier this week for the full year 2018 with revenue of €205.8 million, an increase of 11.5% from the previous year.
Amadeus FiRe previously reported preliminary figures for the full year 2018 in February 2019.
The...
UK – Berry Recruitment Group revenue up 6.1% in 2018
15 March 2019St Albans-based staffing firm Berry Recruitment Group reported revenue of £69.4 million for the full year 2018, an increase of 6.1% compared to £65.4 million in the previous year.
Berry Recruitment Group also recorded EBITDA of £1.6 million, a decrease of 8.5% compared to the previous year.
In September...
UK – Contract Watch: Staffline, Hydrogen Group
15 March 2019Staffline, the UK-based recruitment and training group, announced that its PeoplePlus division has been successful in the latest round of Education and Skills Funding Agency’s European Social Fund competition, securing contracts worth a total of £35 million over a 27-month period, commencing in April...
UK – Capita full year revenue down 7.4%, but returns to profit as turnaround plans progress
14 March 2019Capita (CPI: LSE) the UK-based provider of business process outsourcing solutions and professional support services reported revenue decreased by 7.4% for the full year 2018 when compared to the previous year.
The company said its 2018 profit was "slightly ahead" of its expectations as it completed...
UK – Impellam full year revenue rises, but profits hit by investments and costs
14 March 2019UK staffing firm Impellam Group plc (IPEL:LSE) reported revenue for the full year ending 31 December 2018 of £2.27 billion, an increase of 5.7% compared to the previous year, on a like-for-like basis.
Revenue growth was driven by growth in the group’s Managed Services segment. Gross profit was...