Robert Walters fee income rises 7% in second quarter
Source - SMW
Recruitment company Robert Walters said its net fee income rose by 7% in the second quarter, as growth offshore offset weakness in the UK.
On a constant currency basis, net fee income for the six months through June rose 5% on-year.
UK income fell 8% but income at the Asia Pacific, mainland Europe and other international divisions rose 9%, 13% and 23% respectively.
'Our international businesses have continued to perform well and now represent 76% of group net fee income,; chief executive Robert Walters said.
'The UK has been impacted by Brexit-related uncertainty, however the group's diverse geographic footprint and blend of revenue streams ensures we are well positioned for the future.'
'Current trading remains in line with market expectations for the full year.'