first_img whatsapp Thursday 2 September 2010 7:57 pm Recruiter Hays has seen a spike in UK finance workers emigrating to top jobs in Japan, City A.M. has learned.The trend is part of a larger boom in its Asian markets, which helped offset declining revenues in its UK operations. The region, which now represents 65 per cent of group operating profit, reported a drop in net fees of 18 per cent and a 30 per cent decline in profit to £52m – a far stronger performance than the group as a whole.A Hays spokesman told City A.M. the spike is partly down to Japanese firms looking to native English-speaking workers who can help to quickly internationalise their workforce, with British financiers high up the list.Hays, which places people in white-collar jobs, said it made a pretax profit of £71.1m, compared with £151m the previous year, but ahead of the £67.5m consensus.Turnover for the year was ten per cent higher year-on-year at £2.7bn. Operating profit before exceptional items fell 53 per cent to £80.5m.Chief executive Alistair Cox said: “The results really are a story of two halves. Our first half saw a very tough market, one of the toughest ever witnessed. We believe we turned the corner in December.”Mike Allen, an analyst at Panmure Gordon, said: “Parts of the business have seen good recovery now, it looks like we’ve seen the worst. The UK is still a bit of a laggard, but the company is well positioned in Asia.” More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 Tags: NULL Hays benefits after a rise in Asian sector whatsapp Share Show Comments ▼ KCS-content last_img read more