IN BRIEF: FDM notes client hesitancy as assigned consultants decline

FDM Group Holdings PLC - London-based IT-focused professional services provider - Says trading in the first quarter of 2025 was in line with the board’s expectations, in a statement ahead of its annual general meeting on Tuesday. Notes that global macroeconomic and geopolitical uncertainty has continued, alongside hesitancy among some of its customers as they await clarity over US economic policy. As a result, FDM maintains its view that it is too early to increase investment in recruitment for a recovering market. At April 30, FDM had 2,366 consultants assigned with clients, down 33% from 3,543 the year before.

‘FDM is an agile, lean and well-capitalized business with a highly experienced board of directors and a wide portfolio of clients covered by FDM offices around the world. We continue to see bright spots in certain industries and geographies and remain confident that the group is well positioned to return to growth once market conditions allow,’ says the company.

Current stock price: 228.50 pence, down 8.2% in London on Tuesday morning

12-month change: down 46%

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