UK staffing stocks fell sharply in the last three months despite strong earnings and revenue growth. Turnover (British for ‘Sales’) increased 38% in the 4th quarter of 2008 for Michael Page, not bad but not enough to keep its stock from falling some 50% during that same period. A robust job market has done nothing to stem the crash as the Office for National Statistics reports the fastest increase in employment in 11 years according to the Financial Times.
Recession Fears Slam UK Staffing Stocks
Written by Gregg Dourgarian