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Hays PLC (HAYS.L)

HAYS.L on London Stock Exchange

153.90GBp
24 Feb 2017
Change (% chg)

0.40 (+0.26%)
Prev Close
153.50
Open
154.50
Day's High
154.50
Day's Low
151.80
Volume
6,057,385
Avg. Vol
4,582,691
52-wk High
165.00
52-wk Low
91.10

Latest Key Developments (Source: Significant Developments)

Recruiter Hays sees early signs of improvement in UK private sector
Thursday, 12 Jan 2017 02:00am EST 

Hays Plc : Q2 trading update . Solid overall growth of 2 pct (underlying growth of 3 pct) . Good broad-based growth of 8 pct in Continental Europe & rest of world, with Germany up 7 pct for the three months ended 31 December 2016 . Good Asia Pacific growth of 7 pct for the three months ended 31 December 2016 . Net fees in UK & Ireland were down 10 pct year-on-year, and broadly sequentially stable through quarter . Conditions in public sector markets remain tough and net fees decreased 13 pct . Private sector business was down 9 pct with early signs of improvement towards end of quarter . First half cash performance has been strong, with net cash ending Q2 at £48 million (30 september 2016: £20.2 million) .In uk, while conditions remained tough, we saw an improvement in private sector markets in december.  Full Article

Hays says hiring caution in the UK largely coming from larger corporate clients
Thursday, 1 Sep 2016 03:35am EDT 

Hays Plc : In the UK, hiring caution largely coming from the larger corporate clients - FD . In the UK hiring market, there is more uncertainty among london clients than among clients based across in the rest of the UK - FD . In the UK, temporary hiring continues to show more resilience than permanent - FD Further company coverage: [HAYS.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Hays says increased uncertainty in UK market after Brexit
Thursday, 1 Sep 2016 02:28am EDT 

Hays Plc : Final results . Strong 13 pct operating profit growth, with a 40pct drop-through of incremental net fees into operating profit . UK & Ireland net fees flat (1) , as trading conditions became more challenging as year progressed . Full year dividend up 5pct to 2.90p, with cover of 2.9x, in line with our strategy to build cover towards 3.0x earnings . Fy net fees 810.3 million stg versus 764.2 million stg year earlier . In UK, net fees were flat, as increased concern over economic outlook negatively impacted client and candidate confidence, especially in h2- ceo . Following EU referendum, there is increased uncertainty in UK market, but we have seen no evidence of any impact elsewhere - ceo . Too early to tell what longer term impact may be of brexit and as ever, we will monitor activity levels closely - ceo . Net fees in perm business increased by 7pct (1), net fees in temp business, which represented 58pct of group net fees, also increased by 7pct (1) . In the UK, our private sector business grew 2pct (1) , while net fees in our public sector business decreased by 4pct (1) . Reacted to decrease in activity levels and focused on consultant productivity, cost control and maximising our uk & Ireland financial performance . At this early stage in our new financial year, we see solid overall net fee growth . In UK, following a step down in perm activity immediately after EU referendum, conditions are tough but broadly sequentially stable.  Full Article

Hays plc increases interim dividend
Wednesday, 24 Feb 2016 02:00am EST 

Hays plc:Says Board is increasing the interim core dividend by 5% to 0.91p per share (2014: 0.87p).The interim dividend payment date will be 5 April 2016 and the ex-dividend date is 3 March 2016.  Full Article

Hays PLC reiterate Q3 2015 guidance
Thursday, 9 Jul 2015 02:00am EDT 

Hays PLC:Reiterate our Q3 2015 guidance that we will deliver strong Group profit growth for full year, with H2 2015 operating profits slightly ahead of H1 2015.  Full Article

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UPDATE 2-Hays results held back by UK hiring weakness post Brexit vote

* Group profit rises 16 pct to 100.1 mln pounds (Adds CFO, analyst comments, details)