Hays bullish on UK recovery as quarterly revenues hit six-year high
Thursday 09 January 2014
Hays, Britain’s biggest recruitment firm, was today in a bullish mood about the recovery as UK quarterly revenues leapt 10 per cent.
“This is the best result for six years,” declared group finance director Paul Venables.
The jobs market has “accelerated” in both the regions and London and across every sector, particularly construction, property and healthcare.
Fees from permanent jobs rose 17 per cent — faster than temporary roles for the first time in nearly two years. London was up 10 per cent and even banking jobs rose 3 per cent — “the first positive we’ve had in a couple of years,” said Venables.
Hays’ results were in contrast to smaller rival Robert Walters, which yesterday said that growth in London was in the low single digits and lagging behind the strong recovery in the regions.
Venables said its regular surveys of employers and candidates showed confidence is booming and is at its highest level for nine years.
In another upbeat sign, Hays is seeing a rise in “counter-offers” from employers when staff get job offers.
Manchester City sponsor Hays also saw record fees in Germany and Japan amid signs of a wider global recovery. Ireland was up 30 per cent.
Shares dipped 0.7p to 131.7p after hitting a six-year high this week amid renewed newspaper speculation about a takeover bid — possibly from Swiss giant Adecco.
“I’ve seen that article every 18 months in my eight years in the business,” scoffed Venables.
The Microsoft mogul told fans a few home truths during his Reddit AMA
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Ball pool for adults opens in London
- 4 Baldness could soon be treated using stem cells, scientists hope
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Teenager brandishing fake gun taken down by police after demanding airtime on Netherlands' NOS TV station
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...