Recruitment firm Hydrogen Group says that net fee income will decline in the first half.
In the six months to June 2014, net fee income is 7% lower or 4% lower on a constant currency basis. Hydrogen has been hit by delays in placing people in jobs. The business is cash generative but there will be a £1.8m exceptional cost relating to a restructuring of the business.
At 78p a share, down 4.5p, Hydrogen is valued at £18.6m.
The interim figures will be announced on 16 September.
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