Hays plc (GB:HAS) has released an update.
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Hays PLC experienced a challenging quarter with net fees dropping by 15% year-on-year, as global uncertainties led to longer hiring times and decreased confidence levels. Despite these headwinds, the company managed to implement cost-saving measures resulting in an expected annualized savings of around £60 million for FY24, and anticipates a pre-exceptional operating profit of approximately £105 million. The firm remains focused on improving productivity and seizing long-term growth opportunities once market conditions improve.
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