Hays plc (GB:HAS) has released an update.
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Hays PLC reports a 14% decline in net fees with a notable decrease in both temporary (-10%) and permanent (-20%) segments amid challenging market conditions, according to their quarterly update for Q1 FY25. Despite the downturn, the company has improved consultant productivity by 5% year-over-year and is progressing on its initiative to deliver approximately £30 million in annual structural savings by FY27. The outlook remains cautious with expectations of continued tough markets and subdued activity levels.
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