Tuesday preview: Michael Page International reports

Michael Page International is expected to report a profit decline but an improvement in revenue when the white collar recruiter unveils its first-quarter results Tuesday.

Michael Page International is expected to report a profit decline but an improvement in revenue when the white collar recruiter unveils its first-quarter results Tuesday.

Its focus on permanent recruitment, which accounts for 78% of gross profit, is likely to drag on performance, according to analysts.

The company's main growth has come from temporary hires as employers remain cautious to take on permanent staff.

However, if the firm's full-year results in March were any indication, the first quarter should show rise in earnings.

At the time of the annual statement, Michael Page outlined a modestly improving outlook and said it anticipated the hiring environment would gain momentum through the year.

JP Morgan Cazenove forecasts a gross profit of £131.6m for the first quarter, a like-for-like decline of 3.7%, after a 3.6% fall in fourth quarter and 7.7% growth for the same period a year earlier.

Tuesday April 16th

INTERIMS

Utilitywise

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (EU) (10:00)

ECB President Draghi speaks at European parliament (14:00)

Harmonised Index of Consumer Prices (EU) (10:00)

Housing Starts (US) (13:30)

Industrial Production (US) (16:15)

ZEW Survey (EU) (10:00)

ZEW Survey (GER) (10:00)

CPI (US) (13:30)

Housing starts (US) (13:30)

Industrial production (US) (13:30)

FINALS

JSC Acron GDR (Reg S), M. P. Evans Group

ANNUAL REPORT

Next

AGMS

Maven Income and Growth VCT 5, Ottoman Fund Ltd., Perform Group, Porvair, Telecity Group

UK ECONOMIC ANNOUNCEMENTS

Producer Price Index (09:30)

Consumer Price Index (09:30)

Q1

Michael Page International

RD

Recommended

Too embarrassed to ask: what is short selling?
Too embarrassed to ask

Too embarrassed to ask: what is short selling?

Short sellers are often accused of unfairly driving share prices down to make a quick buck. But short selling is a perfectly legitimate – if risky – t…
26 Jan 2021
Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021