British recruiter SThree plunges to over 16-year low as profit outlook misses estimate

SThree

16/09/2025 08:15

** Shares of British recruiter SThree STEMS.L plunge 27.4% to 135p, their lowest point since November 2008

** Co expects FY26 pre-tax profit of about 10 million pounds  ($13.63 million), well below company-compiled consensus of 30.5 million pounds

** SThree says challenging economic conditions will continue to weigh on new business activity through FY26

** Net fees for the three-month period ended August 31 came in down 12% at 81.5 million pounds from a year ago

** As of last close, STEMS down over 37% YTD

($1 = 0.7335 pounds)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))