April 11 Recruiter Robert Walters
reported a sharp rise in first-quarter profit thanks to a
notable increase in hiring activity in London's financial
services industry and a good performance in legal and markets
around the UK.
The firm, which places people in finance, engineering, legal
and marketing jobs, said gross profit - net fee income - rose 33
percent to 78.3 million pounds ($97.3 million) in the three
months ended March 31, helped by growth in all its geographies.
Profit was up 20 percent at constant currency.
Robert Walters' UK business, which accounts for around a
third of gross profit, saw a 27 percent increase in gross profit
at reported and constant currency, as its domestic outsourcing
business continued to grow strongly.
The company said the impact of uncertainty caused by
Britain's vote to leave the European Union was easing,
especially on the financial services industry, where some
recruiters have reported a slowdown.
($1 = 0.8051 pounds)
(Reporting by Esha Vaish in Bengaluru, editing by Louise