Professional recruitment company, Hydrogen Group (AIM: HYDG) added its name to the long list of companies trimming forecasts for 2008. The Company announced in a trading update today that the continued "uncertain macroeconomic environment" had impacted trading at some of its brands, in particular across one of its core markets, financial services.
"In light of the current lack of visibility and an expectation of deteriorating trading the Board now anticipates that although the Group will make profit in the second half of 2008 pre tax profits for the year to 31st December 2008 will be significantly below current market expectations," the company stated.
Shares in Hydrogen Group were one of the worst performers on the day, falling around 30%.