Advertisement
Singapore markets closed
  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • Dow

    37,753.31
    -45.66 (-0.12%)
     
  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     
  • Bitcoin USD

    61,623.93
    -1,313.78 (-2.09%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,864.22
    +16.23 (+0.21%)
     
  • Gold

    2,393.00
    +4.60 (+0.19%)
     
  • Crude Oil

    81.86
    -0.83 (-1.00%)
     
  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     
  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     
  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     
  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     
  • Jakarta Composite Index

    7,166.81
    +35.97 (+0.50%)
     
  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

Hays sees full-year operating profit ahead of market expectations

A scaffolder works at a construction site for the Ebbsfleet garden city in Ebbsfleet, southern England April 29, 2014. REUTERS/Stefan Wermuth

(Reuters) - British recruiter Hays Plc (HAYS.L) said it expected full-year operating profit of about 180 million pounds, ahead of current market expectations, helped by strength in continental Europe.

Hays said its continental Europe and rest of world unit reported like-for-like growth of 21 percent in the fourth quarter ended 30 June, helped by strength in Germany, France and Switzerland.

The company, which places workers in areas such as finance, construction and IT, said UK and Ireland net fees fell 4 percent. Private-sector sentiment weakened in the run-up to the country's referendum on remaining a member of the EU, it added.

Peers Sthree Plc (STHR.L) and PageGroup Plc (PAGE.L) said earlier this week that hiring in the UK had slowed ahead of the referendum.

ADVERTISEMENT

Analysts estimate the company will earn a full-year operating profit of about 177 million pounds, according to a company provided consensus.

(Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Sunil Nair)