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Adecco tracks best day in 23 years on improving hiring conditions

By Reuters News

** Shares in Swiss staffing group Adecco ADEN.S rise 14.4% after Q3 results show operating income ahead of expectations and signs of improving hiring conditions

** Its Q3 operating income of €180 million beats analyst forecasts of €166 million; its revenue of €5.99 billion ($6.64 billion) is in line

** CEO Denis Machuel: "We see signs of maybe better confidence, and you can see that the overall economy is relatively solid"

** "The confirmation of stabilization in permanent placement is encouraging," broker Vontobel says

** Adecco's shares are on track for their best day since April 2003

** Shares in peer Randstad rise 5%

($1 = 0.9027 euros)

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