Shares digital

Prospects for staffing agencies look rosier after a robust trading update from Michael Page (MPI) triggered a revival in recruitment shares. The company reported a 38% rise in fourth-quarter gross profit on strong demand for candidates, sending its shares up 9% intraday on Tuesday to 270.5p.

Page saw Q4 sales growth marginally slow down on the previous three quarters, but the performance was enough to ease the City’s fears over the impact of an economic slowdown.

Shares says: Last year’s share slump may have bottom out. Buy into the price weakness. DC