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Pagegroup PLC

Michael Page Plc provides recruitment consultancy and related services across the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search, selection, and talent management for permanent and interim roles under the Page Executive brand, and recruitment for qualified professional and management-level positions on a permanent, temporary, or contract basis under the Michael Page brand. The company also serves organizations needing permanent, temporary, or contract staff at technical and administrative support, professional clerical, and junior management levels under the Page Personnel brand, and provides flexible outsourcing services under the Page Outsourcing brand. It additionally offers IT consultancy and support services. Formerly known as PageGroup plc, it changed its name to Michael Page Plc in July 2026, was founded in 1976, and is headquartered in Addlestone, the United Kingdom.

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Michael Page H1 Operating Profit Surges to GBP9.7 Million

Michael Page reported a first-half operating profit of GBP9.7 million, up from GBP2.1 million a year earlier, as productivity reached its highest level since 2022. Group gross profit declined 2.4% in constant currencies to GBP385.2 million, while earnings per share came in at 1.2 pence. The company declared an interim dividend of 1.46 pence per share and expects full-year operating profit in line with a company-compiled consensus of GBP28 million. Page Executive delivered a record performance with 8% growth, and the Enterprise Solutions outsourcing business posted record first-half growth of 22%. Annualized cost savings of around GBP40 million have been achieved since the strategy launch, though net debt rose to GBP7.2 million after a working capital outflow of GBP33.9 million.
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Artificial Intelligence▼

AI creates two-speed UK jobs market as demand shifts to senior tech roles

Artificial intelligence is creating a two-speed UK labour market, with employers hiring experienced technology workers while cutting vacancies across retail, manufacturing and several white-collar professions, Bloomberg reported, citing data from Indeed. British companies posted about 10% fewer jobs in July than in January 2025, reflecting higher employment costs and uncertainty across the wider economy. The overall decline concealed sharp differences between occupations, with software-development vacancies rising 14% and much of the growth concentrated in senior positions and roles directly connected to AI. Hiring has also remained comparatively resilient in information technology and engineering, where AI tools can take over routine work and increase the productivity of experienced employees. Vacancies in retail and manufacturing have fallen by double digits, and white-collar professions more exposed to AI substitution, including accounting and marketing, have also suffered significant declines.
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Artificial Intelligence
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Defense & Geopolitical Fragmentation▲impact 4

FTSE 100 Down Marginally; PageGroup Soars on Higher Earnings

The FTSE 100 edged down 10.55 points, or 0.1%, to 10,486.74 by midday Monday as cautious trading prevailed amid rising Middle East tensions. Oil prices jumped 2% after the U.S. launched fresh strikes against Iran, which responded by attacking Gulf Arab states including Bahrain, Kuwait, Qatar, Jordan and Oman. PageGroup soared 11.7% after the recruiter posted second-quarter gross profit above market expectations. Vodafone Group rose nearly 4.5%, while Persimmon, BT Group, Computacenter, BP, JD Sports Fashion and Airtel Africa gained between 2% and 3%. IG Group Holdings dropped nearly 3%, and Fresnillo, Endeavour Mining, British American Tobacco, Rentokil Initial and Rolls-Royce Holdings also declined notably.
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Defense & Geopolitical Fragmentation ▲
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PageGroup Q2 gross profit flat as Americas and Asia Pacific offset European weakness

PageGroup reported broadly flat second-quarter gross profit as growth in the Americas and Asia Pacific offset weaker trading in France, Northern Europe and the U.K. Chief Financial Officer Kelvin Stagg said gross profit for the quarter was 197.6 million pounds, down 0.2% in constant currencies, while first-half gross profit fell 2.4% to 385.2 million pounds. The company reduced fee earner headcount by 80, or 1.6%, mainly in France and Northern Europe, ending June with 4,914 fee earners. Gross profit per fee earner rose 5% versus the second quarter of 2025, marking the highest quarterly productivity since 2022. The board expects 2026 operating profit in line with a company-compiled consensus of around 28 million pounds.
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