British recruitment company Michael Page International
Since our interim management statement in October, markets have continued to weaken as the euro zone crisis and the lowering of GDP forecasts worldwide have reduced client and candidate confidence levels, the company said on Monday.
Michael Page said analyst forecasts for its 2011 pretax profit ranged from 86.5-114.2 million pounds. It made a 100.6 million pounds profit last year.
Companies around the world have been hit by the global economic slowdown, with recruitment company Robert Walters
($1 = 0.6399 pound)
(Reporting by Sudip Kar-Gupta; Editing by Dan Lalor)