Recruitment group Cpl Resources said it expects to “perform in line with market expectations” over the coming months.

In a trading update, chairman John Hennessy said that the group has had a "positive start" to its new financial year.

“With net fees continuing to show growth across our business, economic indicators are positive and we expect to perform in line with market expectations in the months ahead,” he said.

In the year to June 30th 2015, Cpl reported operating profit of € 14 million, revenue growth of 7 per cent to € 393.6 million and an earnings per share of 40.2 cent.

At the group’s agm on Monday, October 19thshareholders approved a final dividend of 5.0 cent per share, bringing the total dividend for the year to 9.75 cent per share.