Shares in recruiter Matchtech (MTEC) have done pretty well since the June referendum, but that doesn't mean that the sector is out of the woods. The recruitment industry has been suffering for most of the year as fears gather pace over a rumoured recession in the UK in 2017.
IC TIP:
Buy
at
371p
Matchtech has done well to offset any losses through acquisition, which helped boost year-end net fee income (NFI) by 34 per cent overall. On a like-for-like basis, however, NFI only nudged up 1 per cent as strong growth across infrastructure and engineering technology was dented by poor demand across the oil and gas and maritime sectors.