UK's PageGroup rises after gross profit beats estimates
BUZZ-UK's PageGroup rises after gross profit beats estimates Updates
** Recruiter PageGroup's PAGE.L shares up nearly 11% at 143.4 pence, on track for best one-day percent gain since 2008
** Co posts gross profit for the quarter ended June 30 that beat analyst expectations, according to a company-compiled consensus
** PAGE expects 2026 operating profit to be in line with the company-compiled consensus of £28 mln
** Co said its cost-saving measures introduced amid tougher market conditions delivered about £40 mln in annualised savings
** RBC Capital Markets analyst Karl Green noted that about 50% of the company's markets were back to growth, with trends in Europe "much better than feared."
** Peer Hays HAYS.L was up 7.2%, while Robert Walters RWA.L and Sthree STEMS.L were up 7% and 3.7%, respectively.
** YTD, PAGE down about 39%
($1 = 0.7470 pounds)
(Reporting by Megha Kumari in Bengaluru)