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PageGroup cautious on job market prospects

Near-term prospects are favourable, but there are many levers at play in the jobs market
PageGroup cautious on job market prospects
  • Jobs market strengthens through July but uncertainties linger
  • Strong showing in the Americas, but UK suffers by comparison

Shareholders in PageGroup (PAGE) are in line for a total interim dividend pay-out of 31.41p after the recruiter booked net profits of £39m against a loss of £1.6m last year. It represents quite a turnaround, but year-on-year comparisons carry less weight than normal given the unprecedented disruption to the economy in the first half of 2020. Set against half-year figures for 2019, revenue and gross profits were down by 4.2 per cent and 3.7 per cent respectively at constant currencies.

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