The biggest faller on the FTSE 250 this afternoon is the IT and finance recruitment specialist SThree, down 8.36% following an announcement that earnings growth had slowed in the group's final quarter.
The full-year gross profits were up 17% on the year, but in the final quarter this had slowed to 10%. In the UK the picture was even worse, with the fourth quarter 7% behind 2010.
Another recruitment firm, Michael Page International (MPI), appears to have caught SThree's cold, it is currently the second biggest faller on the FTSE 250, down 3.0%.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
MPI will issue its next update on its own final quarter on the 11th of January. So far this year it has dropped 28%.
BS
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.