Generally speaking, we're usually quite positive on recruiters that build expertise in specific areas of the jobs market, but that doesn't mean things can't go askew. InterQuest (ITQ), a technology, analytics and digital recruitment company, lost a fifth of its market value after it reported a 44 per cent drop in pre-tax profit, halved the dividend and swung to a loss of 6.7p a share at the half-year mark.
IC TIP:
Hold
at
44p
The recruiter was forced to book a non-cash impairment charge of £3.2m following remedial measures linked to its ECOM digital recruitment subsidiary, acquired in November 2013, in order to place the business on "a firmer footing".
