Robert Walters (RWA.L) reported that its fourth quarter Group net fee income was 75.5 million pounds compared to 91.4 million pounds, prior year. The Group said, whilst fees were slightly weaker than expected, activity levels were broadly stable in most regions during October and November versus third quarter. Period end total headcount was 3,294, down 17% year-on-year.
For the year-to-date period, net fee income was 321.5 million pounds compared to 386.8 million pounds, previuos year.
Toby Fowlston, Chief Executive, said: "Fourth quarter fee income was slightly weaker than expected, and in addition further actions were taken on the cost base. As a result, we now expect a broadly breakeven position at the profit before tax level for the full year."
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