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PageGroup CEO sells half of his shares in the recruiting firm- FT

By Reuters

– UK-based recruitment firm PageGroup’s Chief Executive Officer Steve Ingham has sold 480,000 shares during the Christmas period for more than 3 million pounds ($4.1 million), the Financial Times reported on Friday.

PageGroup, which helps hire executives, professionals and clerical staff, did not immediately respond to Reuters request for comment.

No reason was given for the disposal, which more than halved Ingham’s holding in PageGroup, the FT report added.

Although the pandemic slowed down the recruitment sector, the recent rush to fill up vacancies has spurred a hiring boom across the globe as workspaces are adopting hybrid working models.

The London-listed company is due to report its fourth-quarter trading update on Jan. 12.

($1 = 0.7365 pounds)