Decline in permanent jobs hits SThree
After a week that saw thousands of jobs lost on the high street, figures from the IT recruiter SThree suggest that sentiment is not much better in offices.
The jobs group said that its profit from permanent jobs in the UK business dropped by 12 per cent in the first quarter. That left SThree's total profit down 3 per cent at £45.5m in the first three months of the year.
The recruiter did manage to cash in on more temporary jobs – that division saw gross profit increase by 6 per cent to £24.5m in the quarter. SThree added that the figure would have been higher but for the impact of New Year's Day in 2013 falling later in the working week than it did the year before, which meant "substantially more contractor holiday days were taken year on year".
But that wasn't enough to offset the decline in permanent hires.
The figures come days after Thomas Cook axed 2,500 jobs, while business collapses at Dreams bed store and Axminster carpets saw hundreds more lost.
The shares slipped 3.5p to 363.75p.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
World news in pictures
'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
- 1 Heading for America? Prepare for the longest US immigration queues ever
- 2 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...