Sale lifts Staffline

The price of shares in AIM-listed recruitment and trading firm Staffline (LON:STAF) has increased by 5.96% to 35.76p (as 15:55 GMT) after it announced the disposal of its apprenticeships division for a nominal fee. The deal is expected to complete in early December and will allow the company’s PeoplePlus arm to focus on adult employability and skills.

CEO Albert Ellis commented: “We are pleased to have reached an agreement with Babington, which will ensure our Apprenticeship clients and learners continue with another high-quality training provider. PeoplePlus has unique capabilities, experience and scale in the employability and adult skills sectors and this transaction will enable the division to fully focus on the UK wide unemployment challenge that now exists.”