PageGroup (GB:PAGE) has released an update.
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PageGroup, a specialist recruitment firm, reported a significant decline in financial performance for the first half of 2024, with revenue falling by 13.1% and operating profit by 55.5%, reflecting challenging market conditions and macro-economic uncertainty. Despite this, the company has raised its interim dividend by 4.5% and plans to maintain its fee earner headcount to capitalize on potential market improvements. Investments in innovation and technology, such as AI, continue as part of PageGroup’s long-term strategy to drive profitability.
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