Legal judgement and other exceptional items reduce profit by 58%
UK recruitment agency Hays classifies as exceptional a £29 million charge in the current year, following a judgement against it by the Office of Fair Trading against which it states it intends to appeal which, with other exceptional items, reduces profit before tax by 58%.
Beginning of the end for authorised share capital in the UK
UK recruitment agency Hays discloses that it has passed a resolution ending restrictions on authorised share capital, following the coming into effect of part of the Companies Act 2006 under which the requirement for an authorised share capital lapses.