UK, Germany offset Q1 China slowdown at PageGroup

10th Apr 2019 08:29

(Sharecast News) - Recruitment firm PageGroup on Wednesday reported an 11.7% rise in first-quarter gross profit to £208m, with solid UK and German growth offsetting a slowdown in China over trade war fears.There was also a slowdown in France as the 'gilets jaunes' protests over fuel tax rises hit confidence. Britain recorded its third straight quarter of growth as profit grew 1.7%, despite Brexit worries, while Germany expanded 23%.The company said said it expected full-year 2019 operating profit to be in line with its compiled consensus of £160.4m.