Hays trading statement

graeme at 11:05 a.m. Wed 11 Nov 2009

Recruiter Hays trading statement showed continuing declines, as one would expect from a very cyclical business under current circumstances.

The decline is worse than in the first half, with a “like-for-like” (organic on continuing operation at constant currency) decline of 40% in net fees, compared to 18% in the first half.

There are no signs of recovery, although there are some of “stability” — but there are always signs of stability unless things are really bad.

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