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Faltering global economy slows Hays

Faltering global economy slows Hays

Upon cursory glance, it might appear international recruiter Hays (HAS) had a rather good 2019. Net fee income – defined as revenue minus payments to temporary workers and other recruitment agencies – saw a 6 per cent like-for-like increase to £1.13bn in the year to 30 June. But growth in relatively immature outsourcing markets belies overall slowing momentum as the group encountered weakening macroeconomic conditions in key regions.

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