Recruiter Robert Walters eyes a profits boom

Recruitment boss Robert Walters is known for his caution, but he bullishly declared today that a 36% jump in half-year profits thanks to the economic recovery could be just the start of a bigger boom.

“We’ve got so much waiting to happen,” he said, referring to 17 international offices which his company, Robert Walters, has opened in the last four years that are still in the “embryonic stage”.

He added that there is further potential as banking jobs are yet to recover.

Pre-tax profits of £5 million would have been higher had it not been for the strength of sterling. Net fee income rose 12% to £102 million.