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Eurozone – Bad weather and weaker exports soften growth

12 April 2011

Gross Domestic Product (GDP) growth softened in Q4 2010 (to +0.3%, after +0.4% in Q3), due to a weather-related postponement of construction investment, notably in Germany and in France, and to a slowdown in global activity, which dampened the area export growth, according to the latest Eurozone Economic...

Ireland – GDP expectations for 2011 revised down

12 April 2011

The past month has thrown up two surprising and unwelcome data releases in Ireland. The first was that the unemployment rate over the past six months has been much higher than previously published, on the basis that the labour force stopped falling in the final quarter of 2010, according to the latest...

Europe – Uni Europa and Eurociett adopt the European Sectoral Social Dialogue Committee work programme

12 April 2011

On 6 April 2011, the European trade union federation for services and communication (UNI Europa) and the European Confederation of Private Employment Agencies (Eurociett) approved the work programme for the European Sectoral Social Dialogue Committee on Temporary Agency Work for 2011/2012.

UK – Michael Page's gross profit boosted by international business

11 April 2011

Gross profit was up by +30% from 97.9 million Pounds in Q1 2010 to 127.3 million Pounds in Q1 2011 at Michael Page International Plc (MPI:LSE), the specialist professional recruitment company. At constant currency gross profit was up by +29.3%.

Interim results for the three months ended 31 March reveal...

Germany – Shortage of temporary employees holds back growth

11 April 2011

New research carried out by the Institute of the German Economy (IW) on behalf of the Association of Temporary Employment Agencies (BZA), shows that temporary employment was up by only +1.5% to 873,000 individuals in February 2011 compared with the previous month, despite the current boom in the German...

UK – Networkers International's gross profit up but PBT marginally down

11 April 2011

Revenues were up by +18.2% from 129.48 million Pounds in 2009 to 153.05 million Pounds in 2010 at Networkers International Plc (NWKI:LSE), the IT and telecoms staffing specialist.

Final results for the year ended 31 December 2010 reveal that net fee income was up by +14.9% from 21.17 million Pounds in...

UK – Capita to acquire Tribal's health and government divisions

11 April 2011

Capita Group Plc (CPI:LSE), the provider of business process outsourcing solutions and professional support services, has entered into a conditional agreement to acquire the health and government divisions of Tribal Group Plc for a cash consideration of 15.8 million Pounds on a cash-free, debt free basis,...

UK – Bond sells Abacus to focus on recruitment and HR

11 April 2011

Bond International Software Plc (BDI:LSE), the specialist provider of software for the international recruitment and human resources industries, with operations in the UK, USA, Hong Kong, Japan and Australia, has announced that it has sold the entire issued share capital of its wholly owned subsidiary,...

Spain – Association speaks out against restrictions for temporary employees

11 April 2011

The Spanish Association of Temporary Staffing Agencies (Fedett) has expressed its "deep regret" about the new collective bargaining agreement between unions and employers, which bans temporary employment agencies again from 'high risk' areas such as construction sites and high voltage electricity....

OECD Countries – Exports sustain GDP growth in Q4 2010

11 April 2011

Real Gross Domestic Product (GDP) in the OECD area grew by +0.5% in the fourth quarter of 2010, according to the latest data published by the Organisation for Economic Co-operation and Development (OECD).

Net exports and private consumption were the main contributors partly offset by an unwinding of inventories....