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Recruiter updates add to economic anxieties

Recruiter updates add to economic anxieties

PageGroup’s (PAGE) third-quarter trading update warned that its operating profit was likely to be in the range of £140m-£150m for the full year; its second consecutive lowering of guidance. Management had already warned that profits would fall to the lower end of forecasts – between £156.5m and £168m – at the time of its half-year update. Robert Walters (RWA), meanwhile, said its profits would be flat on 2018, forcing broker Panmure Gordon to cut EPS forecasts by 2 per cent.

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