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Hays: Recruiter warns on profit amid slowdown in permanent hires

Summary by City AM
Recruiter Hays reported another fall in quarterly fees on Wednesday amid an ongoing slowdown in the headhunting market. Group net fees, which are considered an indicator of performance in the industry, dropped 12 per cent in the three months ending 31 December. The downturn was driven by a significant drop-off in permanent hires, down 19 per cent alongside a seven per cent decline in Temp fees. Still, the firm anticipates it will meet half-year …
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