Michael Page Q3 profit rises as job market slows

Tue Oct 7, 2008 7:11am BST

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LONDON (Reuters) - Recruiter Michael Page (MPI.L), which recently rejected a bid approach from rival Adecco (ADEN.VX), reported a 14.6 percent increase in third quarter profit on Tuesday but warned the job market was slowing.

The group, which has 170 offices in 28 countries, said third-quarter gross profit rose to 141.4 million pounds, reflecting strong overseas growth, offsetting a sluggish performance, especially in the banking market.

Michael Page's UK division, which represents around a third of the group, delivered an 8.3 percent fall in gross profit to 44.9 million pounds in the third quarter.

(Reporting by Rhys Jones; Editing by Quentin Bryar)

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