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Recruitment stocks tumble after Hays posts dire trading update and profit warning

Sharp slowdown in UK job marketShare prices fall across the sectorInterim earnings guidance cutThe European staffing sector became a sea of red on Tuesday with share prices down sharply after FTSE 250 bellwether Hays (HAS) posted a grim account of trading in the three months to the end of December and warned half-year profits would miss expectations.Hays shares were down as much as 19% to 87p at t

Rapid growth forecast as 'revolutionary' UK health tech firm Babylon Health agrees SPAC deal

Exciting UK founded health technology company Babylon Health has confirmed plans to list shares on the US Nasdaq stock market after agreeing a deal with a special purpose acquisition company, or SPAC as they are popularly known.Babylon will merge with Nasdaq-listed Alkuri Global in a deal that will value the combined company at approximately $3.6 billion, implying an 11.3 enterprise value to sales
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