AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStaffline Share News (STAF)

Share Price Information for Staffline (STAF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 74.00
Bid: 73.40
Ask: 75.00
Change: -0.70 (-0.93%)
Spread: 1.60 (2.18%)
Open: 74.20
High: 74.20
Low: 74.00
Yest. Close: 74.90
STAF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Staffline interim pre-tax losses widen, revenues drop

Wed, 23rd Sep 2020 08:10

(Sharecast News) - Recruitment firm Staffline said on Wednesday that interim pre-tax losses had widened amid a drop in revenues.
Staffline posted a pre-tax loss of £47.7m for the six months ended 30 June, a 284% widening year-on-year, as revenues slumped 16.8% to £434.9m. Underlying earnings fell 84% to £1.0m.

The AIM-listed company acknowledged that the current trading environment "remains challenging" but also stated that it was "confident" that the actions undertaken in the first half of 2020 had increased its "resilience" and placed it on "a much improved" strategic and financial platform.

Chairman Ian Lawson said: "Staffline continued to successfully service its customer base, and our business proved resilient in the first half of 2020 despite Covid-19 significantly impacting a number of the group's key sectors.

"Whilst we anticipate a stronger trading performance in H2 2020, there is a very high level of uncertainty across the market as a result of Covid-19."

Separately, Staffline said non-executive director Albert Ellis had been elevated to chief executive on Wednesday, effective 1 October.

As of 1345 BST, Staffline shares were up 12.20% at 27.68p.

More News

Staffline Q1 trading beats management expectations

(Sharecast News) - Recruitment and training group Staffline said on Monday that first-quarter trading came in ahead of management expectations, providing the company with "increased confidence" in the full year.

26 Apr 21 11:15

AIM WINNERS & LOSERS: Staffline rises on better-than-expected quarter

AIM WINNERS & LOSERS: Staffline rises on better-than-expected quarter

26 Apr 21 10:24

BROKER RATINGS: BofA starts Lancashire and Beazley with Buy

BROKER RATINGS: BofA starts Lancashire and Beazley with Buy

26 Apr 21 09:47

Staffline shares rise as guides for 2021 earnings beat

Staffline shares rise as guides for 2021 earnings beat

26 Apr 21 09:00

Staffline sees 'significant' improvements in 2020

(Sharecast News) - Recruitment and training company Staffline updated the market on its trading in 2020 on Monday, reporting "significant", improving its operational, financial and governance processes and board composition, including strengthening its financial position through a successful refinancing in June.

1 Feb 21 16:27

TRADING UPDATES: DX Group And BATM Expect To Beat Market Forecasts

TRADING UPDATES: DX Group And BATM Expect To Beat Market Forecasts

1 Feb 21 11:16

BROKER RATINGS: UBS Downgrades Pearson To Sell; Liberum Cuts Marston's

BROKER RATINGS: UBS Downgrades Pearson To Sell; Liberum Cuts Marston's

1 Feb 21 09:44

UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London

UK EXECUTIVE CHANGE SUMMARY: HL Senior Director Moves To Royal London

10 Dec 20 15:09

IN BRIEF: Staffline's PeoplePlus Completes Sale Of Apprenticeships Arm

IN BRIEF: Staffline's PeoplePlus Completes Sale Of Apprenticeships Arm

1 Dec 20 18:05

IN BRIEF: Staffline's PeoplePlus Unit To Sell Apprenticeships Business

IN BRIEF: Staffline's PeoplePlus Unit To Sell Apprenticeships Business

20 Nov 20 18:06

Staffline agrees sale of PeoplePlus apprenticeships division

(Sharecast News) - Recruitment and training company Staffline announced on Friday that its PeoplePlus division has agreed terms to sell its apprenticeships business to Babington Business College for "a nominal fee".

20 Nov 20 12:09

UK BROKER RATINGS SUMMARY: Panmure Says Buy AVEVA, Hold RSA

UK BROKER RATINGS SUMMARY: Panmure Says Buy AVEVA, Hold RSA

6 Nov 20 09:36

LONDON BRIEFING: RSA Insurance Backs GBP7 Billion Buy And Divide Plan

LONDON BRIEFING: RSA Insurance Backs GBP7 Billion Buy And Divide Plan

6 Nov 20 08:22

UK TRADING UPDATE SUMMARY: Staffline Pens New Deal, Extends Tesco Pact

UK TRADING UPDATE SUMMARY: Staffline Pens New Deal, Extends Tesco Pact

5 Oct 20 19:23

UK EARNINGS SUMMARY: LoopUp Swings To Profit On Work-From-Home Boost

UK EARNINGS SUMMARY: LoopUp Swings To Profit On Work-From-Home Boost

23 Sep 20 14:02

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.