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Hays shares fall on slump in fee income, weak jobs market

Shares in Hays fell on Thursday as the embattled global recruitment firm as it reported weaker fee income on the back of an uncertain jobs market.

Hays restructures as net fees and turnover down in challenging market

International recruitment firm Hays (LON: HAS) reported net fees today of £583.3 million for the six months ended 31 December 2023, a 9% decrease on a like-for-like basis compared to the previous year. The company has a number of restructuring initiatives underway to improve performance in key markets.

Hays gross profit and turnover down in challenging market

Hays plc reported net fees, or gross profit, fell 9% on a like-for-like basis to £583.3 million (US$742.6 million) for the six months ended Dec. 31, 2023.

Fears grow of worsening jobs market as recruiters update on 2023

Pagegroup became the third recruitment firm this year to reveal the impact that a slowing jobs market has had on its performance.

UK economy: Another recruiter reports fee fall as job market clams up

The second downbeat update from a recruiter just this week will re-ignite fears over the state of the UK economy

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