Hints and tips:
...That will only widen, says SThree, which focuses on Stem jobs....
...Briefly SThree said that based on strong trading and the timing of the planned increase in investment shifting into 2022, pre-tax profit for the year ending November will be significantly above market expectations...
...SThree, the specialist staffing industry for science-led industries, raised its profit guidance “materially” for the year ending November after recent trading proved stronger than expected....
...Staffing group SThree said net fees were up 22 per cent year on year in the second quarter ended May and said it will pay an interim dividend....
...James Bilefield, chairman of SThree, the FTSE 250 recruitment company, said boards were now making sure that their businesses were as resilient as possible given the signs of economic strain both regionally...
...More people went into life sciences and energy industries, the SThree report revealed, while 9 per cent fewer chose to go into banking and finance....
...SThree estimates the move will deliver annualised savings of £4m-£5m from 2019....
...KCom rated “buy” at Berenberg; Kerry Group raised to “buy” at Goodbody; PageGroup raised to “outperform” at Credit Suisse; Paragon rated “neutral” at Citigroup; Sampo rated “outperform” at Credit Suisse; SThree...
...SThree Gross profits at SThree, the specialist science, tech, engineering and maths recruiter, rose 8 per cent year-on-year to £70.3m in its first quarter, driven in part by its booming European division...
...SThree and rivals Hays and PageGroup have relied on their international business to boost profits....
...However, SThree said it would “cautiously invest” in the UK and Ireland arm “to maximise market opportunity”....
...Gary Elden, SThree chief executive, said: Our contract business continues to grow robustly....
...Translating overseas earnings into sterling boosted SThree’s results....
...“We believe SThree offers investors the most attractive risk reward profile in the sector.”...
...Smaller peer SThree lost 8.4 per cent to 321.5p after its interim results showed hiring caution among financial services clients and a sharp slowdown of earnings growth at its US business....
...They are: Bloomsbury Publishing, Carpetright, Debenhams, Flybe, Grafton, Halfords, Hays, Headlam, Lakehouse, Morgan Sindall, Robert Walters, Severfield, Stagecoach, SThree and Go-Ahead....
...Other stocks are Globo, City of London Investment, Martinco, RTC, Morgan Sindall, OPG Power Ventures, Utilitywise, Mothercare, Highland Gold Mining, H&T, SThree, Carclo, Liontrust Asset Management, Empresaria...
...SThree maintained its dividend at 4.7p....
...Unlike many other UK-based recruitment companies, SThree specialises in sectors such as technology and pharmaceuticals....
...“Businesses increasingly need insight to drive decision making,” says Lance Fisher, chief information officer at SThree....
...SThree said its interim dividend was unchanged from the same period last year, at 4.7p per share....
...A lack of appetite among companies across Europe to hire permanent staff has weighed down profits at SThree, the white-collar recruiter....
...SThree, which places candidates across various industries, including engineering, IT and pharmaceuticals, has offices in several German cities and opened a new office in Berlin this year....
...In recent years, UK recruiters – including Robert Walters, PageGroup, Hays and SThree – have been seeking to compete in more overseas markets, expanding into Latin America and the Asia-Pacific region....
...Profit fell at SThree , Harvey Nash and Aim-listed Networkers International during the first half, although all three have since indicated that the outlook is improving....
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