LONDON (ShareCast) - Recruitment group Robert Walters forecast profits ahead of expectations after a buoyant business from its operations around the globe.
The group said it had achieved strong growth in net fee income of 10% or 16% at constant currencies in the third quarter.

Its UK business continued to do well with net fee income up 21%. Activity levels were highest across the regions, but it had also begun to see recruitment activity increasing in the financial services market in London.

Net fee income across Asia Pacific increased despite strong currency headwinds, with its Japanese business performing particularly strongly and its larger operations in Hong Kong, Singapore and Malaysia also doing well.

It improved its performance in Europe with net fee income up 5% while the US, South Africa and the Middle East all performed strongly.

The group headcount increased to 2,580 from 2,285 a year ago.

Chief executive Robert Walters said: "We are seeing growth across all the group's regions and encouragingly across both established and emerging recruitment markets. We now anticipate full year profit before tax will be ahead of expectations."

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