Share price collapses at Nottingham recruitment giant
Staffline, the Nottingham-based recruitment firm, has seen its shares lose over 45% of their value in a single day.
The news comes as the company announced hat it was set to take a £36.2m write-down after an independent investigation uncovered over six years of National Minimum Wage payment "irregularities".
On Monday morning (17 June), shares were trading at 166.8p - down from their close of 239p on Friday evening and drop of over 30%. However, share prices were driven down even further in the afternoon, closing at 129p and me... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...