The firm hopes that these large, government-funded contracts will help drive long-term growth, but how does the newly-enlarged Staffline compare to its larger peer Hays (LSE: HAS), which offers similar growth potential and more diversity?
UK-based international recruitment company Hays Plc (HAYS.L) expects to be able to start making special dividend payouts from next year, as strong growth across Europe gave it a 12th consecutive quarter of year-on-year rises in fees.
Similar theories have popped up frequently since 2003, when Hays sold its logistics unit, though investors have questioned whether any buyer would be willing to pay a premium to its �1.7bn market value while earnings visibility is poor.
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Demand for new staff in the UK has weakened in the past six months as concerns grow over the economic outlook, according to Hays, the listed headhunter often considered a bellwether for the health of the economy.
CCH Daily inc Accountancy Live (subscription) (blog) - May 19, 2016
In a statement Hays said the board has approved the proposed appointment of PwC as the company's auditor for the financial year commencing 1 July 2016, subject to approval by shareholders at the AGM set for 9 November 2016.
Recruitment firm Hays was the name in the takeover frame, and not for the first time. It has for years been considered a prime bid target and as its shares rose 4.2p to 117.6p on above average turnover, dealers heard whispers yet again that its days of ...