Michael Page (PAGE)

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Share Price:
205.40p
Market Cap:
£674.98m
Change Today:
10.40p
Sector:
Support

PageGroup shares slump as profits plunge 67%, divi slashed

By Frank Prenesti

Date: Thursday 05 Mar 2026

LONDON (ShareCast) - (Sharecast News) - Annual profits at global recruiter PageGroup plunged 67% and the dividend slashed as persistent economic uncertainty hit hiring across Europe, sending shares in the company almost 10% lower.


The company on Thursday said pre-tax profit fell to £16.2m, compared with £49.1m a year ago. The total dividend was cut to 8.57 pence a share versus 17.11p from 2024.

Page also revealed it had cut its "fee earner" headcount by 402 people - or 7.5% leaving a total closing headcount of 6,820.

Employers are delaying or axing recruitment decisions amid weak market confidence while candidates are being more cautious about moving jobs due to the threat from artificial intelligence.

"The conversion of interviews to accepted offers remains the most significant area of challenge as ongoing macro-economic uncertainty continues to impact candidate and client confidence, also extending the time-to-hire," the company said.

Reporting by Frank Prenesti for Sharecast.com



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Michael Page Market Data

Currency UK Pounds
Price 205.40p
Change Today 10.40p
52 Week High 263.60p
52 Week Low 103.40p
Volume 1,534,418
Shares Issued 328.62m
Market Cap £674.98m

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