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18 February 2021 | 07:23am StockMarketWire.com - Hays reported a sharp fall in first-half profit, but the recruitment company vowed to resume its dividend payments later this year in August, citing a stronger recovery in the second quarter. For the six months ended 31 December, pre-tax profit fell 78% to £21.1 million year-on-year as net fees slipped 24% to £422.8 million. Net fees in Germany, the company s biggest market, fell 26%, with operating profit down 76% as the pandemic hurt performance. Finally, with recovery in fees and our profits accelerating in Q2, this provides us with confidence to resume paying core dividends at our full-year results in August, the company said. ....
18 February 2021 | 12:04pm StockMarketWire.com - The FTSE 100 saw losses deepen by lunchtime on Thursday as the positive sentiment from earlier in the week waned and sterling continued to make gains against the dollar and the euro. By midday the index was down 0.8% to 6,654.57 with US futures markets indicating a modest slump when trading resumes later on. Medical technology company Smith & Nephew fell 5.1% to £14.87 as it reported a 42% fall in trading profits as consequences of the pandemic lead to a decreased revenue across the group as well as lower gross margins. Hays dipped 0.1% to 157.8p despite reporting a sharp fall in first-half profit. The recruitment company vowed to resume its dividend payments later this year in August, citing a stronger recovery in the second quarter. ....