International diversification pays off for Robert Walters

Fears that a fourth quarter trading update by recruitment firm Robert Walters might include a profit warning proved unfounded, though the group concedes that conditions in the UK market remain difficult.

Fears that a fourth quarter trading update by recruitment firm Robert Walters might include a profit warning proved unfounded, though the group concedes that conditions in the UK market remain difficult.

"Group net fee income for the year ended 31 December 2011 was up 18% [15% on a constant currency basis] to £183.6m (2010: £155.4m) and we expect a satisfactory outcome for 2011 as a whole," revealed Robert Walters, Chief Executive Officer of the company that bears his name.

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