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Group profits increased by 26 per cent in the second quarter to £152.4 million. In the first quarter, growth was 33 per cent, reports the Financial Times.
Shares in the company have also fallen 62 per cent over the last 12 months.
Steve Ingham, chief executive at Michael Page, commented: "Financial services definitely got more difficult and that has, to a degree, spread into banking related areas."
He added: "There's been a lot of negative news, I can only think it is going to get tougher."
The firm has also been taking a more cautious position on hiring more staff in the UK, with the number of employees unlikely to reach 6,000.
In April, it was reported that recruiting for banking jobs at Michael Page had been affected by a weakening jobs market and the financial slowdown.
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