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maxsort_date=40251.857361; batchsize=10; event_count=10; year=2010; month=3; day=19; hour=11; minute=11; second=33;
event_date=2010-01-07 04:46:49; sort_date=40185.199178;
STOCKS NEWS EUROPE-Adecco buck downward trend on CS rating
Reuters -
Jan 07, 2010
Adecco SA
(ADEN) -
Credit Suisse
"We think consensus earnings expectations for
Adecco
are too low in both the near and the medium term," says
Credit Suisse
analyst Andrew Grobler
"We think consensus earnings expectations for
Adecco
are too low in both the near and the medium term," says
Credit Suisse
analyst Andrew Grobler
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<span class="sent">"We think consensus earnings expectations for <span class="company">Adecco</span> are too low in both the near and the medium term," says <span class="analyst">Credit Suisse</span> analyst Andrew Grobler</span>
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event_date=2009-12-07 11:32:12; sort_date=40154.480694;
Staffing stocks surge on U.S. jobs data
Reuters Business News -
Dec 07, 2009
Adecco SA
(ADEN) -
Jeffrey Silber
at
BMO Capital Markets
"This is one of the best reports we have seen in some time, helping us gain greater confidence that a labor recovery has begun," wrote BMO Capital Markets analyst
Jeff Silber
in a note to clients.
The economy shed 11,000 jobs in November, far below the 130,000 loss financial markets had expected, while the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent, according to a government report. "There's a lot of good news in this report," Tig Gilliam, who heads North American operations for global staffing giant
Adecco SA
( ADEN.VX ), told Reuters. The economy could start to add jobs as early as January and should certainly do so in the first quarter, he said.
"This is one of the best reports we have seen in some time, helping us gain greater confidence that a labor recovery has begun," wrote BMO Capital Markets analyst
Jeff Silber
in a note to clients.
"Staffing stocks should have a good day today."
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The economy shed 11,000 jobs in November, far below the 130,000 loss financial markets had expected, while the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent, according to a government report. "There's a lot of good news in this report," Tig Gilliam, who heads North American operations for global staffing giant <span class="company">Adecco SA</span> ( ADEN.VX ), told Reuters. The economy could start to add jobs as early as January and should certainly do so in the first quarter, he said. <span class="sent"> "This is one of the best reports we have seen in some time, helping us gain greater confidence that a labor recovery has begun," wrote BMO Capital Markets analyst <span class="analyst">Jeff Silber</span> in a note to clients. </span> "Staffing stocks should have a good day today." ...The economy shed 11,000 jobs in November, far below the 130,000 loss financial markets had expected, while the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent, according to a government report. "There's a lot of good news in this report," Tig Gilliam, who heads North American operations for global staffing giant <span class="company">Adecco SA</span> ( ADEN.VX ), told Reuters. The economy could start to add jobs as early as January and should certainly do so in the first quarter, he said. <span class="sent"> "This is one of the best reports we have seen in some tim
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event_date=2009-11-05 11:20:14; sort_date=40122.472384;
Staffing company Adecco Q3 profit down 46 pct
Taiwan News - World Business News -
Nov 05, 2009
Adecco SA
(ADEN) -
Christopher Burger
at
Helvea
De Maeseneire said
Adecco
is working to further reduce its costs and expects to book restructuring charges of about ?lion in the final quarter of the year.
Chris Burger
, an analysts at Helvea, praised
Adecco
's "impressive cost control management."
In the United States and Canada revenues decreased by 25 percent to ?llion, while business in Germany dropped 39 percent to ?llion.
De Maeseneire said
Adecco
is working to further reduce its costs and expects to book restructuring charges of about ?lion in the final quarter of the year.
Chris Burger
, an analysts at Helvea, praised
Adecco
's "impressive cost control management."
Share:
In the United States and Canada revenues decreased by 25 percent to ?llion, while business in Germany dropped 39 percent to ?llion. <span class="sent"> De Maeseneire said <span class="company">Adecco</span> is working to further reduce its costs and expects to book restructuring charges of about ?lion in the final quarter of the year. <span class="analyst">Chris Burger</span>, an analysts at Helvea, praised <span class="company">Adecco</span>'s "impressive cost control management." </span>...<span class="sent"><span class="analyst">Chris Burger</span>, an analysts at Helvea, praised <span class="company">Adecco</span>'s "impressive cost control management." Any improvement in sales would quickly be translated into bigger profits for <span class="company">Adecco</span> as the company is now "pretty lean," Burger said. </span>
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event_date=2009-10-20 12:01:12; sort_date=40106.500833;
As temporary staffing market picks up, Adecco goes on a buying spree
Daily Finance -
Oct 20, 2009
Adecco SA
(ADEN) -
Lita Epstein
at
Daily Finance
Adecco
( ), the world's largest supplier of temporary workers, has offered $1.3 billion in cash to buy MPS Group ( ), which is based in Jacksonville, Fl. Switzerland based
Adecco
wants MPS because it focuses on premium jobs in technology, finance, legal, engineering and health care.
Adecco
( ), the world's largest supplier of temporary workers, has offered $1.3 billion in cash to buy MPS Group ( ), which is based in Jacksonville, Fl. Switzerland based
Adecco
wants MPS because it focuses on premium jobs in technology, finance, legal, engineering and health care.
MPS is
Adecco
's , as it looks for a bigger footprint in the higher end professional staffing market. Temporary staffing is just starting to show improvement after , according to G. Palmer & Associates.
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<span class="sent"><span class="company">Adecco</span> ( ), the world's largest supplier of temporary workers, has offered $1.3 billion in cash to buy MPS Group ( ), which is based in Jacksonville, Fl. Switzerland based <span class="company">Adecco</span> wants MPS because it focuses on premium jobs in technology, finance, legal, engineering and health care. </span> MPS is <span class="company">Adecco</span>'s , as it looks for a bigger footprint in the higher end professional staffing market. Temporary staffing is just starting to show improvement after , according to G. Palmer & Associates.
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event_date=2009-10-20 10:42:11; sort_date=40106.445961;
RPT-UPDATE 4-Adecco boosts professional staffing in $1.3bln buy
Interactive Investor -
Oct 20, 2009
Adecco SA
(ADEN) -
Fabian Baumann
at
Kepler Equities
"At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst
Fabian Baumann
.
MPS Group's board of directors has unanimously backed
Adecco
's offer.
"At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst
Fabian Baumann
.
"However, it is compliant with the strategy to increase professional staffing exposure."
Share:
MPS Group's board of directors has unanimously backed <span class="company">Adecco</span>'s offer. <span class="sent"> "At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst <span class="analyst">Fabian Baumann</span>. </span> "However, it is compliant with the strategy to increase professional staffing exposure."
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event_date=2009-10-20 10:42:10; sort_date=40106.445949;
RPT-UPDATE 4-Adecco boosts professional staffing in $1.3bln buy
Interactive Investor -
Oct 20, 2009
Adecco SA
(ADEN) -
Christopher Burger
at
Helvea
"This acquisition is fully in line with
Adecco
's strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst
Chris Burger
said in a note.
Later, he said this was the last big acquisition on the cards.
Adecco
will pay $13.80 per share for MPS, a nearly 24 percent premium to its Monday closing price of $11.14 on the New York Stock Exchange.
Adecco
also sounded a more upbeat tone on its trading environment, saying market conditions had improved during the third quarter. It will report quarterly figures on Nov. 5.
"This acquisition is fully in line with
Adecco
's strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst
Chris Burger
said in a note.
Share:
Later, he said this was the last big acquisition on the cards. <span class="company">Adecco</span> will pay $13.80 per share for MPS, a nearly 24 percent premium to its Monday closing price of $11.14 on the New York Stock Exchange. <span class="company">Adecco</span> also sounded a more upbeat tone on its trading environment, saying market conditions had improved during the third quarter. It will report quarterly figures on Nov. 5. <span class="sent"> "This acquisition is fully in line with <span class="company">Adecco</span>'s strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst <span class="analyst">Chris Burger</span> said in a note. </span>...It will report quarterly figures on Nov. 5. <span class="sent"> "This acquisition is fully in line with <span class="company">Adecco</span>'s strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst <span class="analyst">Chris Burger</span> said in a note. </span> For a graphic on the deal click: http://graphics.thomsonreuters.com/109/EZ_ADDC1009.gif CEO'S COUP . The move marks a significant coup for De Maeseneire who took the helm at <span class="company">Adecco</span> in June from Dieter Scheiff. <span class="company">Adecco</span> failed last year in its bid to buy professional staffing group Michael Page.
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event_date=2009-10-20 10:42:10; sort_date=40106.445949;
RPT-UPDATE 4-Adecco boosts professional staffing in $1.3bln buy
Interactive Investor -
Oct 20, 2009
Adecco SA
(ADEN) -
Timothy McHugh
at
William Blair & Company
"We do not expect any significant changes in the competitive environment in the near term," William Blair analyst
Timothy McHugh
wrote in a research note.
"We do not expect any significant changes in the competitive environment in the near term," William Blair analyst
Timothy McHugh
wrote in a research note.
"We have no reason to believe that any other companies in this space are close to merging with another company, and
Adecco
has said that the MPS transaction will be its last major acquisition for a while." .
Adecco
will now focus on organic growth, De Maeseneire told Reuters. "The big acquisitions are done now," he said. "We now have a strong platform to grow organically." .
Share:
<span class="sent">"We do not expect any significant changes in the competitive environment in the near term," William Blair analyst <span class="analyst">Timothy McHugh</span> wrote in a research note. </span> "We have no reason to believe that any other companies in this space are close to merging with another company, and <span class="company">Adecco</span> has said that the MPS transaction will be its last major acquisition for a while." . <span class="company">Adecco</span> will now focus on organic growth, De Maeseneire told Reuters. "The big acquisitions are done now," he said. "We now have a strong platform to grow organically." . ...<span class="sent">"We do not expect any significant changes in the competitive environment in the near term," William Blair analyst <span class="analyst">Timothy McHugh</span> wrote in a research note. </span> "We have no reason to believe that any other companies in this space are close to merging with another company, and <span class="company">Adecco</span> has said that the MPS transaction will be its last major acquisition for a while." . <span class="company">Adecco</span> will now focus on organic growth, De Maeseneire told Reuters. "The big acquisitions are done now," he said. "We now have a strong platform to grow organically." .
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event_date=2009-10-20 10:41:58; sort_date=40106.445810;
European Stocks Decline; Barclays, Autonomy Shares Lead Drop
Bloomberg -
Oct 20, 2009
Adecco SA
(ADEN) -
Marc Zwartsenburg
at
ING Financial Markets
"Given the size there is no room to bid for USG anymore," Amsterdam based analyst
Marc Zwartsenburg
wrote in a report today, commenting on
Adecco
's purchase of MPS. "This deal also flags that the focus for all staffers is on pure specialists, which USG is not." .
"Given the size there is no room to bid for USG anymore," Amsterdam based analyst
Marc Zwartsenburg
wrote in a report today, commenting on
Adecco
's purchase of MPS. "This deal also flags that the focus for all staffers is on pure specialists, which USG is not." .
Share:
<span class="sent">"Given the size there is no room to bid for USG anymore," Amsterdam based analyst <span class="analyst">Marc Zwartsenburg</span> wrote in a report today, commenting on <span class="company">Adecco</span>'s purchase of MPS. "This deal also flags that the focus for all staffers is on pure specialists, which USG is not." . </span>...<span class="sent">"Given the size there is no room to bid for USG anymore," Amsterdam based analyst <span class="analyst">Marc Zwartsenburg</span> wrote in a report today, commenting on <span class="company">Adecco</span>'s purchase of MPS. "This deal also flags that the focus for all staffers is on pure specialists, which USG is not." . </span>
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event_date=2009-10-20 10:21:03; sort_date=40106.431285;
Adecco boosts professional staffing in $1.3bln buy
Forexyard -
Oct 20, 2009
Adecco SA
(ADEN) -
Fabian Baumann
at
Kepler Equities
"At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst
Fabian Baumann
.
"We will (also) see some hedge funds switching from the shares to the bond," he said. UNANIMOUS BACKING MPS Group's board of directors has unanimously backed
Adecco
's offer.
"At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst
Fabian Baumann
.
"However, it is compliant with the strategy to increase professional staffing exposure."
Share:
"We will (also) see some hedge funds switching from the shares to the bond," he said. UNANIMOUS BACKING MPS Group's board of directors has unanimously backed <span class="company">Adecco</span>'s offer. <span class="sent"> "At first sight the acquisition looks expensive at 10 times historic EV/EBITDA," said Kepler Capital Markets analyst <span class="analyst">Fabian Baumann</span>. </span> "However, it is compliant with the strategy to increase professional staffing exposure."
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event_date=2009-10-20 10:21:02; sort_date=40106.431273;
Adecco boosts professional staffing in $1.3bln buy
Forexyard -
Oct 20, 2009
Adecco SA
(ADEN) -
Christopher Burger
at
Helvea
"This acquisition is fully in line with
Adecco
's strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst
Chris Burger
said in a note.
Later, he said this was the last big acquisition on the cards.
Adecco
will pay $13.80 per share for MPS, a nearly 24 percent premium to its Monday closing price of $11.14 on the New York Stock Exchange.
Adecco
also sounded a more upbeat tone on its trading environment, saying market conditions had improved during the third quarter. It will report quarterly figures on Nov. 5.
"This acquisition is fully in line with
Adecco
's strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst
Chris Burger
said in a note.
Share:
Later, he said this was the last big acquisition on the cards. <span class="company">Adecco</span> will pay $13.80 per share for MPS, a nearly 24 percent premium to its Monday closing price of $11.14 on the New York Stock Exchange. <span class="company">Adecco</span> also sounded a more upbeat tone on its trading environment, saying market conditions had improved during the third quarter. It will report quarterly figures on Nov. 5. <span class="sent"> "This acquisition is fully in line with <span class="company">Adecco</span>'s strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst <span class="analyst">Chris Burger</span> said in a note. </span>...<span class="company">Adecco</span> also sounded a more upbeat tone on its trading environment, saying market conditions had improved during the third quarter. It will report quarterly figures on Nov. 5. <span class="sent"> "This acquisition is fully in line with <span class="company">Adecco</span>'s strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea analyst <span class="analyst">Chris Burger</span> said in a note. </span>...It will report quarterly figures on Nov. 5. <span class="sent"> "This acquisition is fully in line with <span class="company">Adecco</span>'s strategy to strengthen its professional staffing business, which offers higher margins and more attractive growth opportunities," Helvea ana
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