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Staffline Group PLC Ord 10P (STAF)

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17-Sep-2019 07:46 AM

Staffline swings to loss as delayed results release, Brexit uncertainty bite

Recruitment and training group Staffline swung to a first-half loss that it pinned on the delayed publication of its 2018 results and a challenging trading environment. Pre-tax losses for the six months through June amounted to £7.7m, compared to l
28-Jun-2019 09:40 AM

Broker Forecast - Berenberg issues a broker note on Staffline Group PLC

Berenberg today downgrades its investment rating on Staffline Group PLC (LON:STAF) to hold (from buy) and cut its price target to 150p (from 1250p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
17-Jun-2019 07:14 AM

Staffline to scrap dividend, raise capital as wage rule breach costs rise

Recruitment and training company Staffline Group said it would scrap its dividend and raise £37m from a share issue to cut debt, as it upped the expected costs associated with an historical breach of UK wage rules. The company said it expected to r
17-May-2019 08:20 AM

Broker Forecast - Liberum Capital issues a broker note on Staffline Group PLC

Liberum Capital today reaffirms its under review investment rating on Staffline Group PLC (LON:STAF) and cut its price target to 800p (from 1320p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
17-May-2019 07:42 AM

Staffline warns on profit due to Brexit uncertainty, results release delay

Recruitment and training company Staffline Group warned on profits after Brexit uncertainty spooked the labor market and it delayed the release of its annual results. The company said it now expected to deliver adjusted operating earnings of £23m-
30-Apr-2019 08:08 AM

Staffline delays results release as it reviews minimum wage law compliance

Recruitment company Staffline Group said it would miss an end of April deadline for reporting its annual results while it reviews its compliance with minimum wage rules. Staffline had last month appointed legal advisers to conduct an independent review f
12-Mar-2019 09:15 AM

Staffline incurs extra costs related to worker underpayment probe

Recruitment company Staffline Group said it would book higher costs related to a probe into its under-payment of workers. A review into the companies payroll practices commenced after a third party raised a complaint in January Staffline said potential
08-Jan-2019 07:57 AM

Staffline sees annual revenue rising 18%; offset by transformation costs

Recruitment agency and training group Staffline said it expected its annual revenue to rise by around 18%, though it warned that one-off costs would push up its debt levels. Revenue for the year through December was expected to rise to around £957.
30-Jul-2018 09:30 AM

Broker Forecast - Credit Suisse issues a broker note on Staffline Group PLC

Credit Suisse today reaffirms its underperform investment rating on Staffline Group PLC (LON:STAF) and raised its price target to 950p (from 900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
17-May-2018 08:16 AM

Staffline trading in line with expectations

Staffline, the recruitment organisation, traded in line with board and market expectations in the first four months of the year. Chris Pullen, chief executive officer of the group, said despite a tight labour market, the recruitment division has continue
02-May-2018 08:50 AM

Broker Forecast - Credit Suisse issues a broker note on Staffline Group PLC

Credit Suisse today downgrades its investment rating on Staffline Group PLC (LON:STAF) to underperform (from neutral) and cut its price target to 900p (from 1000p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagaz
29-Jan-2018 01:30 PM

Broker Forecast - Credit Suisse issues a broker note on Staffline Group PLC

Credit Suisse today upgrades its investment rating on Staffline Group PLC (LON:STAF) to neutral (from underperform) and left its price target at 1000p. Story provided by StockMarketWire.com...
24-Jan-2018 09:52 AM

Staffline underlying profit falls

Staffline booked a small fall in underlying annual profit after a strong performance from its recruitment division was offset by weaker earnings at its welfare-to-work training division. Pre-tax profit in the year through December grew by 28% to £2
03-Jan-2018 07:45 AM

Staffline to miss revenue target

Staffline said it expected to miss its £1bln annual revenue target, though it added that its full-year results would be in line with market expectations. "The board is pleased to report that the group expects to deliver full year results in l
13-Dec-2017 08:00 AM

Broker Forecast - Liberum Capital issues a broker note on Staffline Group PLC

Liberum Capital today reaffirms its buy investment rating on Staffline Group PLC (LON:STAF) and cut its price target to 1320p (from 1350p). Story provided by StockMarketWire.com...
26-Jul-2017 09:23 AM

Staffline on track for £1bn revenue target

Staffline (STAF) grew its underlying profit before tax by 5% to £16.1m in the six months ended 30 June, with revenues up 3% to £427.8m. Reported profit before tax decreased 45% to £6.3m due to a £7.6m increase in non-cash share ba
26-Jul-2017 08:00 AM

Broker Forecast - Liberum Capital issues a broker note on Staffline Group PLC

Liberum Capital today upgrades its investment rating on Staffline Group PLC (LON:STAF) to buy (from hold) and left its price target at 1350p. Story provided by StockMarketWire.com...
04-Jul-2017 07:27 AM

Staffline says current trading in line with market views

Staffline said current trading is in line with market expectations and that directors remain confident of the group's growth prospects with the £1bn revenue target still very much on track for the current year. As noted at the group's AGM
18-May-2017 01:19 PM

Staffline resolutions passed at AGM

Staffline Group has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:19pm: (LON:STAF) Staffline Group PLC share price was -14.5p at 1235.5p Story provided by StockMarketWire.com...
18-May-2017 10:20 AM

Broker Forecast - Liberum Capital issues a broker note on Staffline Group PLC

Liberum Capital today reaffirms its buy investment rating on Staffline Group PLC (LON:STAF) and raised its price target to 1350p (from 1100p). Story provided by StockMarketWire.com...
18-May-2017 09:20 AM

Staffline says current trading line with market views

Staffline said current trading is in line with market expectations and directors were confident of the group's growth prospects with the "Burst the Billion" £1bn revenue target still very much on track. "Following the record yea
15-May-2017 07:24 AM

Staffline Group acquires Brightwork Ltd

Staffline has acquired Brightwork Ltd, a recruitment business based in Scotland specialising in temporary and permanent jobs in the drinks, warehousing, manufacturing and distribution sectors. "The acquisition is expected to be earnings neutral in t
07-Mar-2017 08:21 AM

Staffline acquires Oak Recruitment

Staffline announces the acquisition of Oak Recruitment, with the deal seen to be earnings neutral in the current year and earnings enhancing thereafter. The deal was being funded out of Staffline's existing bank facilities. Financial details were no
25-Jan-2017 07:52 AM

Staffline improves reported FY pretax profit by 244%

Staffline has improved its reported FY pretax profit by 244% to £18.9m, from £5.5m. Final dividend was 15.3p a share, taking the total to 25.8p, up 29% on the year. Revenue for the 12-month period was £882.4m, from £702.2m. The co
04-Jan-2017 07:20 AM

STAF steady

Staffline said it expects to deliver full year results in line with market expectations. "Demand in the Staffing business has remained strong through the second half and the division has once again achieved excellent growth in the number of OnSites
 
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