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Michael Page Admonished Forth Coming Challenges

October 2013, 15
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Globally recognized top recruitment firm, Michel Page, admonished that the challenge will come forth during the last month of 2013. The company stated that in the 3rd quarter of this year, economy of different countries witnessing mixed fortunes. Business markets were strong in some of the major countries including US, Japan, Spain but were weak in Australia, France and Germany. The outlook for the last three months of the year was uncertain.
 
In a trading update, CEO of Michael Page, Mr. Steve Ingham said, "Although we have limited visibility, we expect the 4th quarter to be another challenge with difficult conditions likely to continue in some markets, but with gradual improvements in others."
 
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Per the estimation of the analysts, Michael Page prodded down the expectation of full year profit from £70.9 m to £68 m. The company covered a 24 percent gross profit in the UK for a record number of jobs in property and construction, buying and merchandising, design and production and digital marketing.
 
The company also added: "The quarter also saw good performances from our finance, legal, engineering and logistics disciplines. A good performance was also seen from our public sector business, which now makes up 12% of the UK, which grew at 20%."Michael Page's own headcount rose by 47 over the quarter "with the graduate intake and reflecting the more confident outlook".
 
Gross profit across all its international regions combined increased by 0.4% to £127m, boosted by temporary work placements. Gross profit from temporary recruitment rose 4.4% to £30.2m, but fell by 0.8% to £96.8m for permanent recruitment.

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