Hays splits business to focus on core strengths

group Hays has confirmed it will de-merge its mail business later this year to
concentrate on recruitment and HR.

company – which has more than 200 offices in the UK
and Ireland
– said its specialist recruitment arm helped lift annual operating profits by
13 per cent.

said that following the de-merger, it will focus exclusively on specialist
recruitment. Its mail business, DX, specialises in business-to-business mail
services in the UK
and Ireland,
delivering more than a million items a day.

in the FTSE 100 group will get stakes in two separately-listed companies as a
result of the move, which was first announced in June.

Bob Lawson said: “The recovery that we began to experience in the first half
accelerated, justifying our continued investment in the business over the
recent downturn and in the current year.”

posted pre-tax profits of £147.7m in June.

By Mike Berry




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