New deals lift Staffline

Shares in AIM-listed recruiter Staffline (LON:STAF) rose by 16.18% to 27.33p (as of 15:45 BST) after its training arm won a contract with the Department of Work and Pensions. Staffline’s PeoplePlus was selected as a tier one provider across England and Scotland and a tier two provider in Wales for the scheme valued at an aggregate value of £7.5 billion across five years. The company also announced a three year extension to a contingent labour provision agreement with Tesco.

Executive Chairman Ian Lawson commented: “We are delighted to be extending our working partnership with Tesco, a long-term and valued customer, in addition to our PeoplePlus’ services being represented so widely across the CAEHRS framework.

“We also welcome the Chancellor’s recent amendments to existing VAT deferral measures, which further support the Group’s wider actions to further alleviate liquidity pressures in the medium term“.