Michael Page hit by fewer jobs in the banking sector'

5corpio

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Michael Page hit by fewer jobs in the banking sector'

15 August 2011, 14:09

Michael Page hit by fewer jobs in the banking sector'

Michael Page International has warned that the jobs contraction in the UK banking sector is hitting its profits, sending its shares down 8%.

Banks account for 10% of the business of the recruitment group, which said it expected UK trading conditions to "remain challenging".The comments came as Michael Page reported a 26% fall in profits for the six months to 30 June.Its pre-tax profit was £45.5m, down from £61.4m a year earlier. Michael Page's revenues were up 25.8% to £502.1m.

Lloyds Banking Group, HSBC, Barclays and Royal Bank of Scotland have all announced job cuts in recent.....BBC News - Michael Page hit by fewer jobs in the banking sector

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Tags: account, bank of scotland, banking, banks, barclays, bbc, business, con, cuts, hsbc, job cuts, jobs, land, lloyds, profits, rac, recruitment, royal bank, royal bank of scotland, scotland, shares, tax, £50

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Michael Page hit by fewer jobs in the banking sector'

Michael Page hit by fewer jobs in the banking sector'