June 24 (Reuters) - British recruiter SThree reported on Tuesday a 14% drop in net fees for the half-year period ended May 31, as economic uncertainty across key markets curbed both contract and permanent hiring.
Following U.S. President Donald Trump's broad tariffs in April, employer and job seeker confidence has weakened, leading to slower hiring and a decline in new job openings.
Still, Sthree reported a sequential improvement in its contract segment in the second quarter compared with the first, driven by strong demand for engineering roles in the United States.
The company posted group net fees of 159.1 million pounds ($215.80 million) for the first half of fiscal 2025, down from 188.7 million pounds in the prior year.
The recruiter reiterated its forecast for an annual pre-tax profit of 25 million pounds.
($1 = 0.7372 pounds)
Reporting by Raechel Thankam Job in Bengaluru; Editing by Sherry Jacob-Phillips
Source: Reuters