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Robert Walters sends stock up 11% after beating profit goal

SHARES in recruiter Robert Walters surged 11% after it announced it would beat its expected profits for the full year to 31 December.

Strong trading across all its market at the beginning of the year drove the strong figures, the mid-tier recruiter said in a statement to the market.

It said: “The board of Robert Walters announces that as a result of strong trading across all of the group’s regions in the first two months of the fourth quarter, the profit for the full year ending 31 December 2014 is expected to be materially ahead of market expectations.

“However, the group remains cautious of the longer-term outlook given the current volatility in global market confidence.”

The company operates 53 offices across 24 countries, specialising in placing professionals in accountancy, finance, banking and engineering.

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