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.

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
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now