Newspaper article The Evening Standard (London, England)

Page Starts New Chapter with a Leap to [Pounds Sterling]32.5m

Newspaper article The Evening Standard (London, England)

Page Starts New Chapter with a Leap to [Pounds Sterling]32.5m

Article excerpt

Byline: Nick Goodway

THE chief executive of recruitment agency Michael Page today declared that there is now "a war on for the most talented people in the City" as mega-takeovers and deals are back.

"Long may it continue," Steve Ingham said. "Banks always cut staff first and cut deep in any downturn so, invariably, they are the first to come out.

"Now they want the best people and they want them fast. We are also seeing a knock-on effect in our legal business as the City starts to hot up."

Page announced a massive improvement in first-half operating profits, up from [pounds sterling]5.6 million to [pounds sterling]32.5 million, much of which was driven by its overseas operations, which account for 71% of revenues.

Ingham said Page had come through the recession in good shape. He said: "We lost a lot of junior consultants but managed to hang on to almost all our senior ones, which is vital as things turn up again."

Two years ago Page had 5500 staff. …

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