However, the update also reveals the global recruiter’s group GP rose 16% in constant currency year-on-year from £181.8m to £208.2m over the period, buoyed by year-on-year GP growth in the Americas (up 29.2% in constant currency), in EMEA (up 18.6% in constant currency) and Asia Pacific (up 18.4% in constant currency). 

The UK was the only region not to post GP growth.

For the first half of the year, group GP grew to £396m from £352m in the previous year. Again, GP growth is led by the Americas (up 24.9% in constant currency), EMEA (up 18.5% in constant currency) and Asia Pacific (up 16.3% in constant currency). 

UK GP over the period was down 4.5% in constant currency on the previous year.

CEO Steve Ingham attributed the fall in GP in the UK to uncertainty created around Brexit but revealed strong growth was posted in Italy and the Netherlands, with standout performance in Belgium, Canada and Portugal, and record performances for India and Japan. 

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