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PageGroup cuts dividend as recruitment market remains tough
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PageGroup cuts dividend as recruitment market remains tough

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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 4% as Middle East war escalates, fuels supply fears Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold hands back gains as US dollar rebounds; Middle East war continues Morgan Stanley explains why gold is falling despite Iran escalation (South Africa Philippines Nigeria) PageGroup cuts dividend as recruitment market remains tough By Author Maria Ponnezhath Earnings Published 03/05/2026, 02:38 AM PageGroup cuts dividend as recruitment market remains tough 0 PAGE 1.88% Investing.com -- Pagegroup PLC (LON:PAGE) on Thursday reported full-year 2025 results in line with guidance, though earnings per share fell short of analyst estimates due to a higher effective tax rate, as the specialist recruitment firm navigates continued market uncertainty. The company posted gross profit of £769.5m for the year ended December 31, 2025, down 7.6% in constant currency from £842.6m in 2024. Revenue declined 7.4% to £1,596.6m. Stay ahead of the FTSE — premium UK stock insights and real-time market movers with InvestingPro Operating profit fell 58.8% to £20.9m, matching prior guidance, representing a conversion rate of 2.7% compared to 6.2% in 2024. The results included approximately £15m in one-off restructuring costs, partially offset by £5m in savings. Basic earnings per share dropped 68.1% to 2.9p from 9.1p in 2024, coming in approximately 21% below analyst consensus, primarily due to an effective tax rate of 44.4% versus 42.1% in the prior year. The company proposed a final dividend of 3.21p per share, down from 11.75p in 2024, bringing the total annual dividend to 8.57p, a 50% reduction year-over-year. "The Group produced a resilient performance despite continued market uncertainty," said Chief Executive Officer Nicholas Kirk. "We saw variable market conditions across the regions, with ongoing challenging conditions in Continental Europe and the UK. However, we continued to grow ...
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