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SThree overcomes UK weakness

In the face of ongoing political and economic uncertainty in the UK, an increasingly international outlook has enabled the STEM recruiter to shrug off domestic weakness
July 23, 2019

SThree’s (STHR) half-year results reflect the general trend we’re seeing among recruiters – strong international momentum offsetting a domestic slowdown. Although group net fees rose by 9 per cent at constant currencies to £163m, amid continued political and economic uncertainty, UK and Ireland contract net fees shrank by 6 per cent with a 25 per cent plunge in permanent recruitment.

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