Thursday, 17 April 2008

Harvey Nash reports "robust trading"

Harvey Nash (the recruitment company) has reported revenues up 27% at £318.6m and profits up 31% in period to 31st Jan 08. Although they are seeing a slowdown in their finance and accounting business, Harvey Nash makes c75% of its revenues from non-financial operations while 45% come from new media, technology, professional services and the outsourcing sector.

CEO Albert Ellis (a keen HotViews reader and 'fellow' blogger!) said, "The current year has started well with robust trading in the first two months. Overall, our businesses in the US, UK and Europe are trading ahead of budget and the previous year."

Harvey Nash shares have soared 12% to 41p on the news (10.00am). Put into context, that is still less than half their high of July 07.

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