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Profits slide at SThree

Recruitment group SThree (STHR) reported reasonable full-year sales growth, but profits slumped - reflecting a fall in consultant productivity amidst tough economic conditions, although overseas investment also played a part. New chief executive Gary Elden reckons the permanent recruitment market was especially challenging in the second half, although robust contractor demand helped offset that.

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By John Ficenec,
28 January 2013

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