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UK – Hays suffers in the UK but gains overseas

7 July 2011

Group net fees were up by +14% year-on-year in the quarter ended 30 June 2011 at Hays Plc (HAS:LSE), the largest staffing agency in the UK and the fifth largest in Europe. On a like-for-like basis (LFL) group net fees were up by +11% compared with the same quarter of 2010.

A trading update for the quarter...

France - ManpowerGroup makes offer to buy Proservia

7 July 2011

Staffing firm ManpowerGroup France (MPW:FRA) has made an offer to buy the majority of shares and voting rights of Proservia SA (ALPRV:PAR), a provider of information technology and systems engineering solutions.

The offer of 14.39 Euro per share represents a +32% premium over the last traded value of...

Europe - Number of hours worked by agency workers up +18.1% y-o-y

7 July 2011

The staffing agency sector in continental Europe grew by +18.1% in April 2011 compared with the same period in 2010, according to the latest data published by the European Confederation of Private Employment Agencies (Eurociett). This is the thirteenth month of growth in a row for the sector.

World - Optimistic mid-year outlook for executive search

7 July 2011

Executive search professionals gave a 66% positive prediction for their industry in the second half of the year with the greatest optimism coming from consultants in Asia Pacific and the Americas, according to the latest 'Outlook Report' published by the Association of Executive Search Consultants (AESC)....

World - Rates of expansion in output and new business slow

7 July 2011

Growth of both global output and new business eased in June 2011, following modest accelerations in the previous month. The 'Global All-Industry Output Index' compiled by research firm Markt on behalf of JPMorgan dipped to 52.2, from 52.7 in May, its second-lowest reading since the recovery began in...

Eurozone - GDP growth moderating after a strong Q1

7 July 2011

After a strong rebound in Q1 (+0.8%), Gross Domestic Product (GDP) growth in the Eurozone is expected to decelerate markedly in Q2 (+0.3%) and then grow at a moderate rate in Q3 and Q4 (+0.4%), according to the latest 'Eurozone Economic Outlook' published jointly by the Institute for Economic Research...

Ireland - Skills shortage at the high-end of the labour market

7 July 2011

The Expert Group on Future Skills Needs (EGFSN) has published the 2011 update of the National Skills Bulletin, its annual review of employment trends and demand for skills in Ireland.

This year's Bulletin shows that the rate of deterioration in the labour market during 2010 was slower than in 2009. Despite...

Europe - Women in business, EU Parliament calls for quotas

7 July 2011

Women should make up 30% of top management in the largest listed European Union (EU) companies by 2015 and 40% by 2020, believe Members of the European Parliament (MEPs). If voluntary measures fail to boost the number of women in senior positions, EU legislation must be used, MEPs say.

Women currently...

UK - Job offers in financial services rally in June

6 July 2011

Figures from pre-employment screening firm Powerchex, the financial services specialist arm of HireRight Inc, show that a stronger than expected performance in June 2011 has created a growth in vacancies of just under +5% for the full quarter to June 2011.

These figures add to the positive picture created...

UK - Over half of employees unhappy at work

6 July 2011

Over half of Britain's employees are unhappy at work, with over a third of them seriously considering leaving their jobs, according to new research by Mercer, the Human Resources services and financial advisers, that reveals an increasing level of employee disengagement that should be of concern to employers....