UK recruiter SThree slides after first-half profit tumbles

SThree

21/07/2026 08:46

** British recruiter SThree STEMS.L down 2.79% at 209p, among top losers on FTSE small cap .FTSC 
** First-half pretax profit slumped 75% y/y on a like-for-like basis to £2.7 million ($3.63 million) after net fees slipped 7%
** Results hit by prolonged weak hiring in key markets Germany and the Netherlands as co continues to cut costs
** Board remains "cautiously optimistic" on outlook, confident it will meet its forecast for annual pretax profit of about £10 million
** Stock up about 9% this year including session losses vs about 6% gain in broader index

($1 = 0.7438 pounds)


 (Reporting by Krisha Bhatt in Bengaluru)
 ((krisha.bhatt@thomsonreuters.com))