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Hays sees share prices tumble as UK and Ireland trading is revealed – Spread Betting Update

 


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Spread betting and CFD trading provider City Index ( http://www.cityindex.co.uk/) takes a look at the activity affecting the financial markets on 7th April 2011. Hays - which is listed on the London Stock Exchange - today (April 7th) released its interim management statement for the third quarter ended March 31st 2011. The financial report revealed that growth for its international business was strong, with a 21 per cent fee increase noted for New Zealand and Australia compared to the same three-month period in 2010. However, the same performance was not seen for the UK and Ireland.

Net fees fell by two per cent and consultant headcount declined by one per cent. Following the report, the share prices of Hays had retreated by 4.94 per cent as of 11:27 BST when compared to yesterday's close. This represents a 5.90-point decrease.

Hays also noted the “difficult market conditions" of its public sector division. Commenting on the results, chief executive of the company Alistair Cox stated: “The group now generates nearly two-thirds of its fees from the international business, " adding that this will support “long-term structural growth opportunities". Find out how you can spread bet and trade CFDs on the move with mobile trading at: http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks. * Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax.

However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary. About City Index: Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, contracts for differences (CFDs) and, in the UK, financial spread betting . We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide.

The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information on mobile trading and CFD trading .

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