Companies

Apr 7: Michael Page results suggest slowdown in the City

Speculation is growing that thousands of jobs could be lost in the financial sector in the UK and results from an employment services company today have done nothing to dispel those fears. Michael Page is a recruitment company which specialises in white collar jobs but has made efforts to diversify into other sectors and countries. Its first quarter figures show an increase of 6.7 per cent in gross profit in the UK which is far lower than the performance in the rest of Europe, Middle East and Africa which showed a rise of 55.3 per cent. Maggie Urry reports.