By Brooke Masters and Maggie Urry When the credit crunch hit last summer, the UK recruitment sector was one of the first to feel the wrath of investors. Share prices in Hays (LSE: ) fell between 35 and 50 per cent between August and January, with the share price of market leader Michael Page (LSE: MPI.L - news) dropping almost 80 per cent. Investors remembered the difficult period after the 2001 dotcom bust and understandably concluded that trouble was almost certainly coming. But the recruitment businesses themselves have continued to hold up reasonably well. Many are more leanly staffed and have a better spread of income than they did seven years ago. "Our business has become so much more diverse, not just in geography but also in sectors," Steve Ingham, chief executive of Michael Page, said on Monday, as he announced a 26...
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