Tough conditions continue for Work Group
Shares of recruitment services firm Work Group plummeted after it said half year gross profit declined 4% from the same period last year as challenging conditions for recruitment services continues.
Shares of recruitment services firm Work Group plummeted after it said half year gross profit declined 4% from the same period last year as challenging conditions for recruitment services continues.
The aim quoted company said net fee income, or gross profit, for the six months ended June 30 fell to £6.2m after it experienced a particularly slow first quarter.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares in the group plunged nearly 17% following the trading update.
Work Group will announce its results for the period on 18 September 2012.
CJ
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
-
Ground rents to be capped at £250 a year – what does it mean for you?The government has published draft legislation which would see ground rents capped at £250 per year for leaseholders. We examine what it means for homeowners and the housing market.
