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InterQuest Global issues Brexit profit warning

Mon, 27th Jun 2016 15:03

(ShareCast News) - Specialist recruiter in the technology, analytics and digital market InterQuest Global posted a trading update on Monday, ahead of its interim results for the six months to 30 June, and warned of Brexit-related uncertainty.The AIM-traded firm said that, in light of the less-than-certain situation in the run up to the EU referendum, it experienced variable trading with clients delaying hiring decisions.It said that the result of the referendum is now expected to prolong the period of uncertainty and, while it was too early to predict the longer-term impact, InterQuest expects trading conditions in the wider recruitment sector to remain challenging for at least the rest of the current year.The company claimed to be somewhat protected from wider recruitment trends due to its focus on hard-to-find niche candidates in rapidly growing sectors in the new digital economy, but as a result of the wider market conditions InterQuest now expected group net free income and EBIT for the current financial year will be materially below market expectations."Whilst I am delighted with the initiatives put in place by the new management team, and subsequent client wins, the months leading up to the EU referendum have been challenging and market uncertainty is now expected to continue following the outcome of the referendum," said non-executive chairman Gary Ashworth."Operationally the company is in good shape but at this current time forecasting the impact of political and market developments is challenging and the management team have made a cautious assessment of the circumstances."
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16 May 2014 11:41

DIRECTOR DEALINGS: InterQuest Non-Executive Reinvests Dividends

LONDON (Alliance News) - InterQuest Group PLC Friday said Non-Executive Director Paul Frew acquired 325 shares as part of a dividend reinvestment at a price of 119.89 pence per share Tuesday. Following this transaction, Frew now holds 72,583 shares, which represents 0.2% stake in the firm.<

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10 Apr 2014 16:18

Abcam CEO builds family holding

Protein research tool developer Abcam on Thursday said that the wife of its Chief Executive Officer (CEO), Jonathan Milner, purchased 18,000 shares. Roza Gounari spent 373p a share for a total of £67,140. The deal takes Milner's stake in the group to around 13.8% of the issued share capital. J

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10 Apr 2014 11:09

DIRECTOR DEALINGS: InterQuest Chairman Sells 250,000 Shares

LONDON (Alliance News) - InterQuest Group PLC Thursday said Chairman Gary Ashworth sold 250,000 shares at a price of 100 pence per share Wednesday. Following this transaction, Ashworth now holds 12.5 million shares, which represents 36.7% of the company's current issued share capital. Read more

7 Apr 2014 14:45

DIRECTOR DEALINGS: InterQuest Chief Executive & Wife Transfer Shares

LONDON (Alliance News) - InterQuest Group PLC said Monday that Chief Executive Mark Braund had transferred 21,500 shares to his children's Individual Savings Accounts. His wife transferred 10,750 shares into her ISA, and Braund transferred 21,000 shares into his ISA. All of the share

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28 Mar 2014 14:30

DIRECTOR DEALINGS: InterQuest CFO's Wife Sells Shares

LONDON (Alliance News) - Specialist recruiter InterQuest Group PLC Friday said that the wife of Chief Financial Officer Michael Joyce, Deirdre O'Shaughnessy, sold 15,000 shares in the company at a price of 100 pence per share. Michael Joyce holds a total of 170,830 shares in the company, re

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5 Mar 2014 12:17

Interquest Swings To Profit In 2013 Following 2012 Reorganisation

LONDON (Alliance News) - InterQuest Group PLC Wednesday swung into a pretax profit in 2013, as it revenue rose slightly and it posted fewer exceptional costs following a year of reorganisation in 2012. The IT recruitment group posted a pretax profit of GBP1.9 million, up from a pretax loss

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13 Dec 2013 15:43

Soco International Chairman adds 50,000 shares

Soco International's Non-Executive Chairman, Rui de Sousa, has acquired 50,000 shares in the international oil and gas exploration and production company. The shares were purchased at 384.97p each for a total spend of £192,485. In its interim management statement last month the group said it was

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28 Nov 2013 14:37

DIRECTOR DEALINGS: InterQuest Chairman Transfers Shares To His Wife

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27 Nov 2013 14:16

Interquest Group to acquire IT staffing firm ECOM

IT staffing specialist InterQuest Group is to acquire rival ECOM recruitment for 7.04m pounds in cash and new shares. The take-over target is described as the UK's leading digital technology recruitment business. Initially the Marylebone-based outfit will pay £3.54m, comprising £3.04m in cash and

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27 Nov 2013 09:53

Interquest Acquires ECOM For GBP7.0M; Trading In Line With Expectations

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27 Nov 2013 07:57

AIM IN BRIEF: Albemarle & Bond Sees No Signs Of Recovery

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