- International recruiter Empresaria said Wednesday first-half profits grew double digits as cost cuts helped offset lower net fee income.

For the six months to 30 June, profit before tax rose 11% to £3.9m and revenue rose 3% to £178.3m

Net fee income decline 1% to £34.0m, led by weaker growth in the UK and continental Europe and Asia Pacific – the group's three largest markets.

The company said it was trading in line with market expectations and was confident of delivery growth.

'We are investing in our brands to drive growth and productivity improvements through new staff and technology solutions. We are working through the effects of regulatory changes in two of our key markets, Germany and Japan, and are well positioned to return those businesses to growth,' Said Chief Executive Officer, Spencer Wreford.

At 10:42am: [LON:EMR] Empresaria Group PLC share price was +0.5p at 87p

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