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Mike Page, 2nd Largest Recruiter: No Green Shoots

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LONDON (Reuters) - Michael "Mike" Page , the country's second-largest recruiter, said it had seen a stabilisation in some markets but did not expect a firm recovery until next year.

"It (recovery) won't be before the fourth quarter and I suspect it could well be into next year some time," chief executive Steve Ingham told Reuters in an interview.

Michael Page, which specialises in placing professional staff, said conditions generally had continued to weaken in the second quarter but the rate of decline had slowed in Britain, which accounts just over a third of its profit.

"I wouldn't say anything is green (shoots) out there but there's some stabilisation which is reassuring," Ingham said.

The company has axed about a third of its staff over the past year to cut costs in response to market conditions. About 1,800 employees have gone.

No job: no mortgage payment.

No mortgage payment: more houses for sale.

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  • 404 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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