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Specialist recruiter Matchtech is seeing strong across-the-board demand for contractors from engineering companies. Pre-tax profits for the year ending July 31st rose 25% to £8m on revenues of £371.4m, up 23% on the previous year. This was driven by what the company described as "unprecendented" de
Read moreBHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreRecruitment agency Matchtec saw profits rise 39 per cent in the first half of the financial year as companies clamoured for its contractors. In the six month to the end of January the firm had a record number of contractors on placement, up 23% on the year before to 6,400. This helped push revenue
Read moreRecruitment firm Michael Page is set to give an update on first quarter trading on Wednesday and broker Panmure Gordon reckons the mood will be sombre, given the prevailing economic environment. "Trading may well have stabilised in markets such as the UK, though we remain more concerned that larger
Read moreVictrex does nothing but polyether ether ketone, helpfully shortened to Peek. The group's factory near Blackpool produces the hard-wearing polymer in a vast array of shapes, sizes and varieties for use in everything from aircraft and electronics to artificial hip joints and vertebrae. Victrex has ba
Read moreTechnical staff provider Matchtech, one of the UK's leading recruitment solutions specialists today announced a 13% rise in its half year revenues, to 141.1 million pounds (2010: £125.4m). Its profit before tax, however, was reduced to £2.3m (2010: £4.4m), reflecting accelerated headcount investmen
Read moreWell-received company updates, strong economic figures here and elsewhere and an easing of worries related to the situation in Egypt helped UK shares to strong gains. Miners led the advance, after strong growth in manufacturing in commodity hungry China in January. The UK, eurozone and US also had
Read moreShares added to the morning's gains over the lunchtime session, buoyed by the prospect of a firm start on Wall Street. Miners lead the advance, after strong growth in Chinese manufacturing in January, though technology stocks are also in demand. Mining giant Xstrata produced more coking coal, sem
Read moreShares in technical staff provider Matchtech fell after it said that full-year profits are likely to fall short of expectations by about 20%. It said that the lower profits are due to a lower than expected contribution from its Professional Services division and increased investment. Revenues to
Read moreTechnical staff provider Matchtech is trading in line with expectations but there are concerns that 50% of the business is exposed to the public sector. Revenues fell 14% to £26m in the year to July 2010. Most of that decline came in the first half. There was a sharp fall in permanent revenues in
Read moreLONDON (Dow Jones)--Matchtech Group Plc (MTEC.LN), a specialist in technical recruitment announced Monday the signing of an extension to its contract until the end of December 2012 with business process outsourcer Xchanging Procurement Services Ltd (XCH.LN) and its client BAE Systems Plc (BA.LN).
Read moreRecruitment firm Matchtech expects its full year results to be slightly ahead of market expectations as it sees signs of increased activity in some of the sectors it covers. The company saw profit before tax slide to £4.52m in the six months to 31 January 2010 from £6.34m in the corresponding perio
Read moreTechnical recruitment firm Matchtec is seeing some signs of improved confidence in the sectors it serves. Permanent placement levels have held relatively steady over the last six months while the number of contractors on assignment is now 6% higher than it was at the end of July. Despite the encou
Read moreNew Britain Palm Oil, which produces the oil in Papua New Guinea, has signed a five-year agreement to supply palm oil products to Ferrero, the firm that makes Ferrero Rocher chocolates. Baobab Resources is up following a "very encouraging" scoping study undertaken for its Tete magnetite (iron / van
Read moreIP security systems provider IndigoVision said improving operating margins for the year will help operating profits for the year to finish "materially ahead" of market expectations. The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover for t
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