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Encouraging third quarter for Harvey Nash

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first_imgFriday 26 November 2010 10:57 am Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img whatsapp alison.lock whatsapp RECRUITMENT specialist Harvey Nash today delivered a cheering third-quarter trading update with both revenues and gross profits up 24 per cent in the period. Growth in the three months to 25 November built on a strong first-half performance, leading the company to predict that full-year results will be at the top end of current market estimates.Harvey Nash said the US market was showing positive signs as client demand for executive search and permanent recruitment services grew for the first time this year. The UK market was performing well while Europe’s recovery was “gaining pace,” the statement said.“We are encouraged by the growth in revenue and gross profit seen in the year-to-date,” it said. Harvey Nash increased its interim dividend by ten per cent to 0.935p per share, up from 0.850p in 2009.New offices in Finland and the US were performing well while the firm’s acquisition of Norwegian search agency Bjerke and Luther AS in April is “on track.”But it warned of the “continued uncertainty of the global economic outlook”. Analysts said the results were encouraging and raised 2011 full year profit before tax forecasts.Numis analyst Steve Woolf said: “staffing companies’ visibility is notoriously low, so it is good to see the momentum from the first half of the year continue,” he said.The growth “represents a significant acceleration” on the first half and has raised the full-year profit before tax forecast by about ten per cent to £5.4m, he said.Ian Jermin, senior analyst at Merchant Securities, lifted the 2011 profit before tax forecast from £5m to £5.5m, but raised 2012 forecasts only slightly.“The group still warns of uncertainties in the year to January 2012, particularly in the UK given the fiscal tightening; we agree,” he said. Encouraging third quarter for Harvey Nash last_img read more