Finance
PageGroup profits beat forecasts as US and Asia drive growth
Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
PageGroup's profits beat forecasts due to growth in the US and Asia, boosting shares by 8%. European markets remain weak.
(Reuters) -PageGroup's third-quarter profit beat market expectations on Wednesday as the British recruiter cited continued growth in the United States and Asia, sending shares 8% higher.
PageGroup, which focuses on hiring white collar roles, posted gross profit that was slightly above analyst estimates and noted a second consecutive quarter of growth in Asia and 10% growth in the United States.
Global recruiters have been struggling with weak hiring activity as businesses hold back on new appointments and candidates remain reluctant to switch jobs due to economic uncertainty. But signs of improvement in some key markets have begun reassuring investors.
PageGroup's shares, which have lost more than a quarter of their value so far this year, rose 8% to 252 pence at 1012 GMT.
It joined peers Robert Walters and Hays in noting growth in Asia.
Beyond Asia Pacific, recruiters are also seeing an improvement in hiring activity in the U.S., with PageGroup citing solid hiring demand for manufacturing and construction in the U.S. and SThree highlighting growth in contractual hiring.
Still, PageGroup joined other recruiters in flagging persistent weakness in Europe, especially in Germany and France, due to economic and political uncertainty. It also remained cautious about the near-term outlook due to the "unpredictable economic environment".
The recruitment firms have painted a mixed picture about the UK, with Robert Walters on Tuesday noting an improvement in hiring activity, while PageGroup said activity remained subdued.
PageGroup posted gross profit of 187.8 million pounds ($117.2 million) for the three months ended September 30, above the company-compiled consensus of 184.4 million pounds.
($1 = 0.7487 pounds)
(Reporting by Nithyashree R B in Bengaluru, writing by Yadarisa Shabong; Editing by Sherry Jacob-Phillips and Joe Bavier)
Economic uncertainty refers to the unpredictability of economic conditions, which can affect business decisions, consumer confidence, and overall market stability. It often leads to cautious spending and investment.
Hiring demand is the need for new employees within a company or industry. It can be influenced by economic conditions, business growth, and market trends, impacting recruitment strategies.
Market expectation refers to the anticipated performance of a company or economy based on current data and trends. It influences investor behavior and can impact stock prices.
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