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Recruiter Hays says conditions remain challenging in UK banking and finance

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One of the UK’s largest recruitment companies Hays has reported a three per cent drop in pre-tax profits and a six per cent drop in earnings per share for the year ended June 2013, as strong growth in Europe fails to offset difficult market conditions in Australia. The group added that conditions in UK banking and finance remained tough.

Pre-tax profits fell to £118.5m from £122.4m, while basic earnings per share fell to 5.14p from 5.47p. Shares fell 1.8 per cent in early trading on the news.

The group reported a one per cent fall in net fee growth to £222.0m in the UK and Ireland, although the company did return to growth in the second half. Consultant headcount in the region remained more or less flat at 1,929.

SOURCE: cityam.com

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