UK's Parity Group hits record low after weak outlook

Partway

04/08/2023 08:49

** Shares of UK-based recruiter Parity Group  PTY.L  down as
much as 25% to 2.25p; shares at a record low
    ** Sees HY revenue to be 10% lower than second half of 2022
    ** Says market conditions have become more challenging over
recent months
    ** Adds, economic uncertainty has led clients and new
business opportunities deferring hiring decisions
    ** Co's new business initiatives, targeting private sector
which had permanent recruitment services, have been scaled back
with reduction in headcount 
    ** Shares down 52% YTD, as of last close


    
   

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))