Updates

Hays - UK & Ireland grow profit by 75%

October 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Recruitment firm Hays posted strong growth at its interims with net fee income rising 5% to £764m and operating profit increasing 17% to £64m - it would have been an even better +25% but for foreign exchange headwinds.All its markets grew with Asia Pacific increasing profit 7% like-for-like to £49.7m on an 8% rise in net fees, despite softening confidence in its biggest territory, Australia.Europe and Rest of World delivered a 9% rise in net fees and 18% growth in profit to £68.7m with Germany (50% of division) growing fees 6%.UK & Ireland produced a crackerjack 75% jump in profit to £45.7m on 11% growth in net fee income. The conversion rate of NFI to operating profit soared from 10.7% to 16.8% and all regions and ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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