Staffline Group (STAF)

Shares in recruitment and training firm Staffline (STAF:AIM) drop 6% to 154p on Monday after it announces that auditors PricewaterhouseCoopers LLC (PcW) have resigned from 1 August. Part of the reason for PwC’s decision is that Staffline is launching a competitive tender process for the position of auditor. However it also says that ‘matters connected with (the) resignation that need to be ...

The FTSE100 is nudging higher after a report in the South China Post hinted that the US and China had reached a tentative truce in their on-going trade dispute. The index of the top 100 shares gains three points to 7,419 in early trade. Banks, builders and miners are leading the index, up 0.72%, 0.63% and 0.95% respectively, while tobacco, down 1.2%, and personal goods, down 0.82%, are a drag ...

Shares in recruitment and training group Staffline (STAF:AIM) slide 30% to a new low of 168p after it revises up the negative impact on its 2018 and 2019 results due to non-compliance with the National Minimum Wage (NWM) Regulations, scraps its dividend and asks investors for more cash. Staffline shares were suspended at 670p the end of January after losing a third of their value in a day as ...

UK investors begin the week with takeover talk to digest after defence contractor Babcock (BAB) admits it turned down approaches of a tie-up from outsourcing peer Serco (SRP). There is also a strategy overhaul reported by troubled construction firm Kier (KIE) and a profit warning from German airline Lufthansa to mull, the latter hurting UK listed airlines that have been struggling with rising ...

UK companies this year issued the highest number of first quarter profit warnings since the financial crisis, says consultant E&Y. The number of warnings was up more than 20% year-on-year as companies were hit by domestic Brexit-related uncertainty as well as global growth fears. It can be painful for shareholders when a company downgrades profit expectations but not all profit alerts ...

Travel operator Thomas Cook (TCG) was battling all-time lows at the time of writing to trade a little above 12p. These lows were marked in response to a truly horrible set of figures for the six months to 31 March published on 16 May and showing a £1.45bn loss, with debt climbing over the £1bn mark. Panic over the financial position was exacerbated by research from Citigroup where it ...

Shares in Staffline (STAF:AIM) have collapsed to multi-year lows after the recruitment and training firm put out a massive profit warning as trading slumps in the first quarter on Brexit woes. At 10am the stock is trading at 400p, a staggering 52% down on the 838p at which the stock closed on Thursday. The company's core recruitment business has been hit by a wave of negative sentiment ...

After a week dominated by ongoing tariff talks between the US and China and their impact on global trade, Brexit worries have again resurfaced to drag on UK investor sentiment. The UK's benchmark gets off to a shaky start to early trading on Friday, declining around 16 points to 7,337, but the market mood is not being helped by new emerging threats to FTSE 100 food delivery business Just Eat ...

The board of struggling fashion brand Superdry (SDRY) came out fighting with a scathing statement rebutting claims made by charismatic co-founder Julian Dunkerton as he bids to return to the business. Currently led by chief executive Euan Sutherland, the board said its strategy was working and argued Dunkerton’s return ‘in any capacity’ would be ‘extremely damaging to the ...

Stocks get off to a better start on Wednesday on hopes that MPs will vote against a ‘no-deal Brexit’ in the House of Commons later today. The FTSE 100 index of leading stocks adds 0.3% to 7,151 points led by BP (BP.), Reckitt Benckiser (RB.) and Rentokil (RTO). Top gainer on the FTSE is Standard Life Aberdeen (SLA) which rises 3% to 253p on news that Keith Skeoch has been appointed as ...

Shares in recruitment firm Staffline (STAF:AIM) jump 25% to 838p on their re-admission to trading on Tuesday after being suspended for more than a month. That still leaves them well below the £10 level before they were suspended but it is a fair reward for the company’s clear, concise explanation of the events leading up to and after the suspension. READ MORE ABOUT STAFFLINE HERE SHOOT ...

Shares in blue-collar recruitment firm Staffline (STAF:AIM) remain suspended at 670p this morning at the company’s request after losing a third of their value yesterday. Staffline shares fell 330p or 33%, wiping over £90m off its market value, after the company delayed the release of its full year results. Following the suspension of the shares yesterday afternoon the company released a ...

UK water industry stocks are rallying in early trade on Thursday after the three UK listed firms – Severn Trent (SVT), United Utilities (UU.) and Pennon (PNN) – see their business plans win watchdog approval. That sends sector share prices rallying having removed a hefty unknown for investors, led by the 1.5% rise at United Utilities to 832p, the UK’s largest water company. The ...

UK stocks are on the front foot this morning with the FTSE 100 index up 1.3% to 6,833 points led by mining stocks ahead of the resumption of US-China trade talks. Evraz (EVR) adds 1.6% to 487p, Glencore (GLEN) adds 1.9% to 303p, Anglo American (AAL) adds 2.3% to £18.93 and Rio Tinto (RIO) is out front up 3% to £41.98. Company news is thin on the ground with London Stock Exchange (LSE) the ...

UK stocks opens higher on Tuesday as investors hold out hope that ongoing high-level talks between the US and China would produce a cooling of trade tensions and amid reports UK and EU officials are looking to extend Article 50 to avoid a no-deal Brexit. The FTSE 100 is up 38.45 points, or 0.6%, at 6.849.33. Supermarket chain Morrisons (MRW) fell 2.1% as a 3.6% rise in like-for-like sales ...

UK stocks get off to a slow start on Monday after the FTSE 100 and FTSE 250 racked up gains of over 2% last Friday. The main index is up 0.3% to 6,856 while the mid-cap index is 0.7% higher at 17,930. Most sectors are in positive territory with the exception of Banks, Household Goods, Pharmaceuticals and Utilities which due to their market weight are holding the FTSE back. Food retailers ...

Nottingham-based Staffline (STAF:AIM) is one of the biggest recruiters in the UK, supplying over 60,000 contract staff a day to more than 1,500 customers, yet it is probably one of the least well-known to investors. The company is the leading outsourced provider of blue-collar workers to the private sector and the Government, although it tries to avoid the tag of outsourcer given the negative ...

Recruitment companies tend to do well in strong economic conditions. Corporates feel more compelled to hire people and individuals feel confident enough to move jobs, seeking new opportunities. Upgrades to global growth forecasts last month by the International Monetary Fund (IMF) strengthen the outlook for recruiters. The new global forecast has been lifted from 3.7% to 3.9% for both 2018 and ...

UK recruiter Staffline (STAF:AIM) has issued a statement saying its revenue will be below £1bn for 2017. The company issued a statement in July last year stating it was confident of its prospects of hitting the £1bn revenue target set back in 2013. The slogan ‘burst the bubble’ was the brainchild of chief executive (CEO) Andy Hogarth and while the company might not have breached the ...

Early out of the blocks with a Christmas retail trading update is sometime sector bellwether Next (NXT), with festive good news for investors. There’s also an investigation being launched into troubled building services firm Carillion (CLLN), while spreadbetting firm Plus500 (PLUS:AIM) has positive news. A STRONGER UK HIGH STREET British clothing retailer Next upped its full year ...