RTC Group PLC - London-based recruitment company - Announces that trading since June has been in line with its positive expectations about short, medium and long-term prospects, despite cost pressures emanating from the recent UK budget. Adds it is confident in trading for 2024, for which it expects to release results around March 24. Chair & Chief Executive Officer Andy Pendlebury says: ‘Economic conditions across the UK remain challenging, driving both fierce competition and revenue concerns, as evidenced by a number of earning downgrades across the sector. Despite this, we continue to drive growth through our focus on strong sector positioning, our people development, our systems enhancement, and our attention to excellent service and quality which continues to provide valuable differentiation for us with our clients.’ He adds that the recent UK government budget will intensify cost pressures and competition across the entire economy in 2025, but remains confident in the company’s ability to capture further value for shareholders.
Current stock price: 105.00 pence each, up 7.7% on Friday morning in London
12-month change: doubled
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