Financials

FINANCIALS: Gattaca reveals Covid impact in interim report

STEM and contract recruiter Gattaca has today reported continuing net fee income of £21.1m in its interim results for the six months ended 31 January 2021 in the face of “encouraging signs of recovery” from the global pandemic slowdown of recruitment activity.

Life sciences, Engineering 31 March 2021

FINANCIALS: Aviation sector hits Empresaria profits

Covid-19’s impact on the aviation industry hit global specialist staffing group Empresaria, according to the company’s 2020 annual results.

FINANCIALS: SThree reports better than expected results

STEM recruiter SThree reports today [15 March 2021] that its group net fees in Q1 2021 are equalling Q1 2020, with the group’s performance in this year’s first quarter ahead of management expectation.

FINANCIALS: Robert Walters confirms trading update figures in year-end results

Global recruitment firm Robert Walters announced their year-end 2020 financial results today.

2 March 2021

FINANCIALS: Gattaca reports £21.1m NFI

In a trading update for the six months ended 31 January 2021, engineering and technology recruiter Gattaca has said it expects to report net fee income of £21.1m.

Accountants urge small firms to check recent CJRS claims

Accountancy organisations are urging small business owners to check their recent Coronavirus Job Retention Scheme claims and possibly recalculate them in the wake of a software error in the CJRS calculator.

15 February 2021

FINANCIALS: Randstad reports on ‘solid’ performance

Global recruitment firm Randstad has reported “a solid and competitive performance in an exceptional 2020” in financial results released today.

FINANCIALS: Staffline delivers ‘robust performance’

Recruitment and training group Staffline has delivered “a robust performance” across 2020, in a trading and business update for the year ended 31 December 2020.

2 February 2021

FINANCIALS: SThree sees decline in profits but continued marketshare gains

Global STEM recruiter SThree has announced 2020 adjusted profit before tax of £30.1m, with group net fees for the year declining by 8% year-on-year.

FINANCIALS: Robert Walters releases trading update

Pre-Covid-19 investment in technology ensured that Robert Walters employees remained productive during the pandemic, the company revealed in its Q2 trading update today [9 July].

FINANCIALS: Norman Broadbent ‘better placed than many’ to respond to Covid

The CEO of professional services firm Norman Broadbent Group says that despite being impacted by the Covid-19 pandemic, actions taken “leaves us better placed to respond to these challenges than many”.

Executive search 29 June 2020

Redwigwam wins investment from Northern Powerhouse to expand

Flexible workers provider Redwigwam has secured investment from the Northern Powerhouse Investment Fund to fuel the next phase of its expansion.

9 June 2020

FINANCIALS: Norman Broadbent reports rise in profits

The Norman Broadbent Group has reported a 12% increase in net fee income (NFI) during January to April 2020 from the same period last year. 

Recruiters don’t have confidence in government CBIL loan scheme

Recruiters lack confidence in the government’s Coronavirus Business Interruption Loan (CBIL) due to continuing prohibitive criteria and lack of response.

Rec-to-rec 27 April 2020

FINANCIALS: Randstad stops cash bonuses for executive board

Global recruiter Randstad will not be giving its executive board cash bonuses this year. 

22 April 2020

HMRC suspends tax enquiries to businesses under investigation

HMRC is suspending enquiries into taxpayers and businesses that are under investigation, in the wake of the Covid-19 pandemic, news reports revealed today.

14 April 2020

FINANCIALS: Hays looks to raise equity to reinforce business

Hays has announced plans to raise £200m in equity as the recruitment giant contends with the coronavirus pandemic.

2 April 2020

FINANCIALS: Robert Walters stops dividend payment

International recruiter Robert Walters has revealed it will no longer propose a final dividend for the financial year 2019.

FINANCIALS: Gattaca ceases operations in China

Gattaca says the ongoing coronavirus pandemic will inevitably affect its profitability, with the technical recruiter revealing it is to cease operations in China.

FINANCIALS: Hudson Global reports solid growth with 50+% rise in revenue

Global talent solutions firm Hudson Global has reported a 53.5% increase in revenue year-on-year buoyed by “solid” growth in Europe and Australia.

FINANCIALS: Staffline reveals mixed fortunes due to pandemic

Staffline is encountering mixed fortunes as a result of the coronavirus pandemic.

Retail, Transport & logistics 25 March 2020

FINANCIALS: Randstad cuts dividend payment due to Covid-19 uncertainty

Randstad is to cut its dividend payment for 2019 to retain capital as the recruitment giant contends with the financial uncertainty brought about by the coronavirus outbreak.

23 March 2020

FINANCIALS: Adecco delivers solid results against worsening backdrop

International staffing giant Adecco delivered a solid set of results in 2019.

HOT 100 chart topper Falcon Green sells minority stake

Former Recruiter HOT 100 table-topping construction and engineering recruiter Falcon Green has agreed a deal to sell a minority stake in the business to two private investors.

Slashing Entrepreneurs’ Tax Relief ‘a significant disincentive to invest’ says industry investor

Last week’s Budget announcement by Chancellor Rishi Sunak to slash tax relief for entrepreneurs has been criticised by an investor in recruitment start-ups as “a significant disincentive to invest in and grow high-risk small business”.

17 March 2020
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