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India

Pagegroup PLC (PAGE.L)

PAGE.L on London Stock Exchange

395.20GBp
23 Oct 2020
Change (% chg)

2.80 (+0.71%)
Prev Close
392.40
Open
392.40
Day's High
400.00
Day's Low
392.20
Volume
263,529
Avg. Vol
354,326
52-wk High
549.50
52-wk Low
271.20

Latest Key Developments (Source: Significant Developments)

PageGroup Qtrly Group Gross Profit Of £143.5 mln, down 31.9%
Wednesday, 14 Oct 2020 

Oct 14 (Reuters) - Pagegroup PLC ::PAGEGROUP PLC - THIRD QUARTER UPDATE AND COVID-19 STRATEGY.PAGEGROUP - QTRLY GROUP GROSS PROFIT OF £143.5M, -31.9%.PAGEGROUP - FEE EARNER HEADCOUNT REDUCED BY 804 YEAR TO DATE, MAINLY RECENT JOINERS OR THOSE ON PERFORMANCE REVIEW, 169 OF WHICH WERE IN Q3.PAGEGROUP - COST BASE INCREASED IN Q3 COMPARED TO Q2 AS A RESULT OF PLANNED UNWINDING OF COST SAVING MEASURES, IN LINE WITH GROUP'S STRATEGY.PAGEGROUP - WE RETURNED MAJORITY OF STAFF FROM FURLOUGH AND ALL STAFF TO FULL PAY FROM 1 JULY.PAGEGROUP - ANY FINANCIAL GUIDANCE FOR CURRENT AND FUTURE YEARS REMAINS SUSPENDED.PAGEGROUP - ALL OF GROUP'S REGIONS WERE IMPACTED BY COVID-19 DURING Q3.PAGEGROUP - OUR MONTHLY AVERAGE COST BASE THROUGH Q4 IS FORECAST TO BE C. 10% BELOW MARCH, IN LINE WITH SEPTEMBER RUN RATE..  Full Article

Pagegroup Reports HY Group Operating Profit Of 0.4 Mln Pounds
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - Pagegroup PLC ::H1 REVENUE FELL 20.2 PERCENT TO 655 MILLION STG.PAGEGROUP - HY GROUP OPERATING PROFIT OF £0.4M (H1 2019: £75.6M).H1 OPERATING PROFIT FELL TO 400,000 STG.PAGEGROUP - HY RETURNING ALL OUR STAFF TO FULL TIME WORKING AND FULL PAY IN Q3.  Full Article

Recruiter Pagegroup Profit Plunges, Cuts More Jobs
Thursday, 9 Jul 2020 

July 9 (Reuters) - Pagegroup PLC ::PAGEGROUP PLC - SECOND QUARTER, FIRST HALF AND COVID-19 UPDATE.PAGEGROUP - QTRLY GROUP GROSS PROFIT -47.6% (-47.4% IN REPORTED RATES).PAGEGROUP - COST BASE REDUCTION OF C. 21% ACHIEVED IN Q2, AS FORECAST IN APRIL.PAGEGROUP - AS WE OUTLINED IN Q1, WE SOUGHT TO REDUCE OUR COST BASE IN Q2 BY AROUND 20-25% COMPARED TO MARCH.PAGEGROUP - FOLLOWING FALL IN HEADCOUNT OF 132 IN Q1, IT FELL FURTHER 255 IN APRIL, AND THEN FURTHER 326 IN MAY AND JUNE COMBINED.PAGEGROUP - FEE EARNER HEADCOUNT FELL BY 531 IN Q2, MAINLY IN UK AND AMERICAS..PAGEGROUP - OPERATIONAL SUPPORT HEADCOUNT DECREASED BY 50 IN Q2.PAGEGROUP - COMPARED TO MARCH, WE EXPECT TO REDUCE SAVING IN OUR COST BASE FROM C. 21% IN Q2 TO C. 10% IN Q3.PAGEGROUP - GRADUAL OPENING OF OFFICES, BRINGING BACK PEOPLE FROM FURLOUGH AND RETURNING ALL STAFF TO FULL PAY.  Full Article

Liontrust Investment Partners Discloses 10.13% Stake In Pagegroup As Of May 5
Thursday, 7 May 2020 

May 7 (Reuters) - Pagegroup PLC ::LIONTRUST INVESTMENT PARTNERS LLP DISCLOSES 10.13% STAKE IN PAGEGROUP AS OF MAY 5 VERSUS PRIOR STAKE OF 5.07% - FILING.  Full Article

Pagegroup Says Is Suspending Financial Guidance For Current And Future Years
Wednesday, 8 Apr 2020 

April 8 (Reuters) - Pagegroup PLC ::PAGEGROUP PLC - FIRST QUARTER AND COVID-19 UPDATE.PAGEGROUP PLC - 450 DIRECTORS HAVE AGREED TO REDUCE THEIR SALARIES AND FEES BY 20% FOR Q2, INCLUDING EXECUTIVES AND NON-EXECUTIVES.PAGEGROUP PLC - POSTPONEMENT OF NON-ESSENTIAL SPENDING.PAGEGROUP PLC - GROUP IS SUSPENDING FINANCIAL GUIDANCE FOR CURRENT AND FUTURE YEARS.PAGEGROUP PLC - DECIDED TO CANCEL FINAL DIVIDEND OF £30.2M OR 9.40P PER SHARE.PAGEGROUP PLC - HEADCOUNT IS UNLIKELY TO REDUCE SIGNIFICANTLY IN SHORT TERM THROUGH NATURAL ATTRITION, AS WAS CASE DURING GLOBAL FINANCIAL CRISIS.PAGEGROUP - EXPECT ACTIONS, CONTINUOUS AND RIGOROUS APPROACH TO MANAGING COSTS, TO REDUCE COST BASE BY AROUND 20-25% IN Q2.PAGEGROUP PLC - Q1 GROUP GROSS PROFIT DECLINE OF -11.7% (-13.0% IN REPORTED RATES); JANUARY AND FEBRUARY -3%; MARCH -26%.PAGEGROUP PLC - QTRLY TOTAL REPORTED GROSS PROFIT DOWN 11.7% ON CONSTANT BASIS TO 181.8 MILLION STG.PAGEGROUP PLC - HEADCOUNT REDUCTION EXPECTED IN APRIL OF OVER 250.PAGEGROUP PLC - HEADCOUNT DECREASE IN Q1 ALREADY UNDERTAKEN - 104 FEE EARNERS AND 28 OPERATIONAL SUPPORT STAFF.PAGEGROUP - HEADCOUNT IS UNLIKELY TO REDUCE SIGNIFICANTLY IN SHORT TERM THROUGH NATURAL ATTRITION, AS WAS CASE DURING GLOBAL FINANCIAL CRISIS.PAGEGROUP PLC - MAJORITY OF CONSULTANTS, MANAGERS AND OPERATIONAL SUPPORT STAFF HAVE AGREED TO A FOUR DAY WEEK, SALARY REDUCTION, FURLOUGH SCHEMES.  Full Article

Pagegroup FY Pretax Profit £144.2 Mln Versus £142.3 Mln As Reported A Year Earlier
Thursday, 5 Mar 2020 

March 5 (Reuters) - Pagegroup PLC ::PAGEGROUP PLC - FINAL RESULTS.FY REVENUE £1,653.9M VERSUS £1,549.9M AS REPORTED A YEAR EARLIER.FY PRETAX PROFIT £144.2M VERSUS £142.3M AS REPORTED A YEAR EARLIER.FY GROUP GROSS PROFIT UP 5.0% TO £855.5M.FY OPERATING PROFIT UP 2.2% TO £146.7M.FINAL DIVIDEND OF 9.40 PENCE PER SHARE, AN INCREASE OF 4.4%.SLOWING GROWTH IN H2 2019 HAVE CONTINUED IN FIRST TWO MONTHS OF THIS YEAR.IN ADDITION, COVID-19 COMBINED WITH EXISTING CHALLENGES, LED GROUP GROSS PROFIT TO DECLINE BY -3% IN THESE FIRST TWO MONTHS.SEES IN GREATER CHINA, MANY CLIENTS NOT BEEN ABLE TO RETURN TO WORK WITH SAME SPEED, THEREFORE WE EXPECT SIGNIFICANT IMPACT IN MARCH.WITH COVID-19 NOW IMPACTING OTHER MARKETS AROUND WORLD, IT IS TOO EARLY TO ESTIMATE IMPACT ON GROUP'S OPERATIONS.  Full Article

PageGroup Says Qtrly Gross Profit Declined 0.4%, Down 2.6% In Reported Rates
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Pagegroup PLC ::PAGEGROUP PLC - FOURTH QUARTER AND FULL YEAR 2019 TRADING UPDATE.PAGEGROUP PLC FY OPERATING PROFIT EXPECTED TO BE IN LINE WITH PREVIOUS GUIDANCE OF £140M TO £150M.PAGEGROUP PLC - QTRLY GROUP GROSS PROFIT DECLINE OF -0.4% (-2.6% IN REPORTED RATES).PAGEGROUP PLC - QTRLY GROSS PROFIT FOR UK -4.8%; PAGE PERSONNEL -4%; MICHAEL PAGE -5%.PAGEGROUP PLC - FY GROUP GROSS PROFIT +5.0% (+5.0% IN REPORTED RATES) TO £856.0M.PAGEGROUP PLC - DECREASE OF 89 FEE EARNERS (-1.5%), TOTAL HEADCOUNT OF 7,698 IN FY.PAGEGROUP PLC - MAJORITY OF GROUP'S REGIONS WERE IMPACTED BY MACRO-ECONOMIC AND POLITICAL UNCERTAINTY IN Q4.PAGEGROUP PLC - DELIVERED STRONG PERFORMANCES IN GERMANY, INDIA, AND US, DESPITE A SLOWING FINANCIAL SERVICES MARKET IN NEW YORK.PAGEGROUP PLC - TRADING CONDITIONS WERE MORE CHALLENGING IN MANY OF LARGER MARKETS, INCLUDING GREATER CHINA, UK AND FRANCE.PAGEGROUP PLC - FEE EARNER HEADCOUNT REDUCED BY 54 IN Q4, MAINLY IN GREATER CHINA AND UK.PAGEGROUP - GROUP IMPACTED BY ADVERSE FOREIGN EXCHANGE MOVEMENTS DURING Q4, DECREASING Q4 REPORTED GROSS PROFIT BY 2.2 PERCENTAGE POINTS, OR £4.6M.PAGEGROUP PLC - EXPECT FOREIGN EXCHANGE HEADWINDS WILL PERSIST, OR POSSIBLY INCREASE.PAGEGROUP PLC - LOOKING AHEAD, TOUGH TRADING CONDITIONS EXPERIENCED DURING Q4 ACROSS MAJORITY OF OUR REGIONS ARE ANTICIPATED TO CONTINUE.PAGEGROUP PLC - CHALLENGES IN EMEA, INCLUDING SOCIAL UNREST IN FRANCE AND HEIGHTENED POLITICAL TENSIONS, NOTABLY IN MIDDLE EAST.  Full Article

The Capital Group Companies Discloses 5.0086% Stake In Pagegroup As Of Aug 14
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Pagegroup PLC ::THE CAPITAL GROUP COMPANIES DISCLOSES 5.0086% STAKE IN PAGEGROUP PLC AS OF AUG 14 - FILING.  Full Article

Pagegroup Sees 2019 Oper Profit Towards Lower End Of Market View
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Pagegroup PLC ::SECOND QUARTER AND FIRST HALF 2019 TRADING UPDATE.CURRENTLY EXPECT 2019 OPERATING PROFIT TO BE TOWARDS LOWER END OF RANGE OF CURRENT MARKET FORECASTS.Q2 GROUP GROSS PROFIT GROWTH +7.4% (+7.9% IN REPORTED RATES).Q2 FEE EARNER HEADCOUNT REDUCED BY 122 TO REACT TO MARKET CONDITIONS.IN OUR SIX LARGE IN Q2, PROVEN MARKETS, UK WAS DOWN 2.4%, DUE TO CONTINUED BREXIT RELATED UNCERTAINTY.  Full Article

Capital Group Companies Cuts Stake To 4.9886 Pct From 6.8 Pct In Pagegroup - Filing
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Pagegroup PLC ::CAPITAL GROUP COMPANIES CUTS STAKE TO 4.9886% FROM 6.8% IN PAGEGROUP PLC - FILING.  Full Article

UPDATE 1-PageGroup reports fall in quarterly profit, sees signs of hiring pick-up

Oct 14 Global recruitment firm PageGroup reported a 31.9% fall in third-quarter profit on Wednesday as companies refrained from hiring during the COVID-19 pandemic, while adding that markets in Mainland China and Japan were either flat or returning to growth.