Recruitment firms hit by jobs threat from foreign banks following threat to move jobs overseas after Brexit

Job fears across the economy hit the shares of recruitment firms as foreign banks looked to follow through on a threat to move jobs overseas. Shares in some recruiters lost more than half their value during morning trade yesterday, with PageGroup down 52 per cent, Hays down 29 per cent, Robert Walters down more than 10 per cent and Staffline down 29 per cent. It came as there was concern about the number of finance jobs that would be created when Britain left the EU.

This article was published in This is Money, 24th June 2016