Fisher Capital Management Investment: Stark warning as turmoil adds to recruitment
fears
http://www.
heraldscotland.
com/business/corporate-sme/stark-warning-as-turmoil-addsto-recruitment-fears-1.
1117771
RECRUITMENT giant Michael Page international has...
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Fisher Capital Management Investment: Stark warning as turmoil adds to recruitment
fears
http://www.
heraldscotland.
com/business/corporate-sme/stark-warning-as-turmoil-addsto-recruitment-fears-1.
1117771
RECRUITMENT giant Michael Page international has cast another shadow over the banking
sector with a warning that the recent financial turmoil is adding to a recruitment slowdown.
Shares in the group have already dropped by nearly 25% in the past month as investors reacted
to a reportfrom fellow recruiterHays of a weak UK market being held back by the financial
services sector.
The shares opened 12% down yesterday as Michael Page said: “In the first six months our
banking business grew strongly.
However, following the recently announced hiring freezes in the past few weeks, gross
profit growth in this sector, which accounts for approximately 10% of group gross profit,
has slowed.
”
Major European banks including Lloyds, Barclays, HSBC and UBS have announced job
cuts and hiring freez
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