Staffline shares plummet after first half loss
Shares in troubled Nottingham recruitment firm Staffline fell by over a fifth in trading this morning after the firm revealed a £7.7m loss for the first six months of its financial year.
The company’s share price closed down 22% yesterday, a drop of almost 35p to 119p.
The slump comes after Staffline revealed this morning the delay of the publication of its full-year 2018 results caused “uncertainty”. The company said this has caused a “slowdown in new contract momentum”.
Staffline said it expects to make a profit of around £20m for its full year 2019 results.
