Recruitment giant launches £41m plan to drive down debt

Staffline, the Nottingham recruitment giant, is launching a drive to raise £41m to try and drive down its debt pile. The Nottingham firm wants to raise £34m through a share offer and a further £7m through an open offer with shares priced at 100p each. Earlier this month, Staffline said it will take a £32.6m hit to its bottom line over errors in historic compliance with National Minimum Wage regulations. The firm said that a further review of the compliance issues had almost doubled the cost of amending the mis-payments fr... 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...
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