Finance
UK recruiter PageGroup warns of heightened uncertainty in key markets
Published by Global Banking & Finance Review®
Posted on March 6, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 6, 2025
1 min readLast updated: January 25, 2026
PageGroup warns of economic uncertainty in key markets, reporting a 58% profit fall. Hiring slows in the UK, France, and Germany.
(Reuters) -British recruiter PageGroup on Thursday warned of heightened macro-economic and geopolitical uncertainty across its key markets of the UK, France and Germany, while missing estimates with a 58% fall in its annual profit.
Economic and political upheaval has weighed on confidence of potential employers and job seekers and slowed both permanent and temporary hiring.
Fellow recruiters Robert Walters, Hays and Adecco have also highlighted tough business conditions.
PageGroup's pre-tax profit for 2024 came in at 49.1 million pounds ($63 million), lower than analysts' average estimates of 50.6 million pounds, according to data compiled by LSEG.
Robert Walters, which had said it does not expect a profit in 2024, posted an annual profit before tax of 500,000 pounds, down 98% from the 20.8 million a year ago.
($1 = 0.7752 pounds)
(Reporting by Aby Jose Koilparambil, Shashwat Awasthi and Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
PageGroup warned of heightened macro-economic and geopolitical uncertainty across its key markets of the UK, France, and Germany.
PageGroup's pre-tax profit for 2024 was 49.1 million pounds, lower than analysts' average estimates of 50.6 million pounds.
Economic and political upheaval has weighed on the confidence of potential employers and job seekers, slowing both permanent and temporary hiring.
Other recruiters like Robert Walters, Hays, and Adecco have also highlighted the challenging business conditions.
Robert Walters stated it does not expect a profit in 2024, reporting an annual profit before tax of only 500,000 pounds, down 98% from the previous year.
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