Despite an ongoing domestic slowdown, specialist recruiter of science and technology professionals SThree (STHR) still saw overall net fees in its third quarter increase by 4 per cent year on year at constant currencies to £87.8m. With 86 per cent of net fees generated from international markets, weakness in the UK has only had a limited impact. Net fees in the UK and Ireland were down by 7 per cent to £12.1m.
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Contract net fees have risen 7 per cent and account for three-quarters of the group total. While permanent is down 5 per cent, the group’s largest region for permanent recruitment – Germany, Austria and Switzerland – is stable.