It has been a tough year for Impellam (IPEL). The staffing company saw gross profits drop in three of its four divisions, leading gross profit at constant currencies to come in flat at the end of the year. Management attributed this to challenging conditions in UK healthcare, education and retail markets, but curiously both managed services and specialist staffing dropped in North America.
To continue reading, subscribe today
and enjoy unlimited access to the following:
- Tips of the Week
- Funds coverage
- Weekly features on big investment themes
- Trading ideas
- Comprehensive companies coverage
- Economic analysis
