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Prices & Quotes - UK Markets - Pagegroup (PAGE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 580.00p
Change Today:
1.00p
Market Cap:
1,905.99m
Sector:
Support Services

PageGroup warns on profits as Brexit uncertainty takes toll

By Duncan Ferris

Date: Tuesday 08 Oct 2019

LONDON (ShareCast) - (Sharecast News) - PageGroup on Tuesday warned annual operating profits would be lower than expected as Brexit and the ongoing US-China trade war put the brakes on staff recruitment.
The company said it now expected full year operating profit to be between 140m - 150m, down from previous estimates it would be in the lower end of 156.5m - 168m.

Third quarter gross profit rose 4% year-on-year increase to 216.7m driven by Germany, India, and Latin America, as well as a strong performance in the US.

Gross profit grew by 17% in the US and 7% in Europe but declined by 4% in both the UK and Asia Pacific region, which fell to 33.8m and 44.1m respectively as US trade tariffs impacted China and Brexit-related uncertainty hit candidate and client confidence.

Chief executive Steve Ingham said the deterioration in conditions seen in the third quarter was anticipated to continue in the coming months.

"In the UK, heightened Brexit-related uncertainty is expected to remain as we approach and go beyond 31 October. With worsening macro-economic indicators in Continental Europe, particularly in Germany, and in the US, there are signs that growth in these markets may slow. In Greater China, confidence in Mainland China continues to be affected by trade tariff uncertainty and the social unrest in Hong Kong is increasing," he said.

PageGroup shares were down 11.11% at 371.20p at 0805 BST.

(Writing by Frank Prenesti; Editing by Michele Maatouk)

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Pagegroup Market Data

Currency UK Pounds
Price 580.00p
Change Today 1.00p
52 Week High 614.50p
52 Week Low 350.00p
Volume 219,847
Shares Issued 328.62m
Market Cap 1,905.99m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 5
Sell 0
Strong Sell 2
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pagegroup Dividends

  Latest Previous
  Special Interim
Ex-Div 05-Sep-19 05-Sep-19
Paid 09-Oct-19 09-Oct-19
Amount 12.73p 4.30p

Trades for 22-Jun-2021

Time Volume / Share Price
14:30 441 @ 580.00p
14:30 250 @ 580.00p
14:30 295 @ 580.00p
14:30 454 @ 580.00p
14:30 477 @ 580.00p

Pagegroup Key Personnel

CEO Stephen Ingham
CFO Kelvin Stagg