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PageGroup trims profit guidance as job market woes worsen

Tougher conditions in Europe are adding further pressure to the FTSE 250 agency’s profitability
PageGroup trims profit guidance as job market woes worsenPublished on January 13, 2025
  • Difficult trading in France and Germany 
  • Another round of cuts to fee earner headcount

The job market slowdown that has plagued the recruitment firms since early 2023 is showing no signs of a turning point. The beaten-up sector has been dealt a new blow with another warning from PageGroup (PAGE), which said full-year operating profits would be towards the lower end of the £49mn to £58.5mn market consensus.

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