PageGroup & Robert Walters' profit reports paint contrasting UK fortunes

PageGroup has seen a rise in their gross profits in the last quarter of 2016.

The year-on-year gross profit for its UK operations decreased by 6.7%, to £33.8million, which was a bigger fall than the one posted in the last quarter (4.7%). Comparatively, Robert Walters saw its gross profits in Britain rise 16%, to £23.1million, during the same period.  

Steve Ingham, Chief Executive of the FTSE recruiter, said: “In the UK, client and candidate confidence levels deteriorated further, with activity levels also reduced.”

However, Robert Walters said that Brexit “uncertainty” was becoming the “new normal”.

Despite this British uncertainty PageGroup’s total gross profit went up by 3.8%, mainly due to growth in Continental Europe and Latin America markets.

Robert Walters’ saw a nine per cent improvement in full-year gross profit, with their pre-tax profit set to be just ahead of their market expectations.

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