Shares continue to tank as Staffline’s tough week continues
Shares in embattled Nottingham recruitment firm Staffline have continued to dive after a week to forget for the company.
Yesterday morning (19 June), shares dipped below the 100p mark – meaning the company has lost almost £40m from its value since last Friday (14 June).
Staffline’s share price reached a new low of 92p just after 9am, before bumping along the bottom all day and rallying slightly to reach 100p by close of trading. Back in October 2015, Staffline’s share price was riding high at around £15.
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”.
