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Global disruption triggers warning from Hays

Global disruption triggers warning from Hays

Hays (HAS) came up against a heady cocktail of challenges in the last three months of 2019 – strikes in France, a UK election and Australian bushfires. These events exacerbated already tough conditions in countries that account for 45 per cent of the recruiter’s overall fees. Experiencing “markedly” slower growth in December, the group’s like-for-like net fees declined by 4 per cent in the second quarter. With currency headwinds only adding to the weak macroeconomic backdrop, the group has warned that operating profit for the first half of the 2020 financial year will come in at around £100m, falling short of the £124m seen a year earlier.     

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