SThree Raises Annual Profit Forecast
Recruiting firm SThree raised its full year pretax profit forecast to twelve million pounds following cost reductions and resilient US market demand. The London listed firm recently rejected a takeover bid from Circle8.
Xurve View
Insights:
Xurve View
STHREE PLC raised its annual pretax profit forecast to £12 million ($16.05 million) on Tuesday morning, driven by cost cuts and growth in the United States. The revised target exceeds the previous forecast of around £10 million issued by the United Kingdom recruiter. The profit upgrade follows a rejected takeover approach from Circle8 earlier this month.
