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Shares in AIM-listed recruitment and training firm Staffline (LON:STAF) collapsed by 59.55% to 339p (as of 16:15 BST) after the company warned that market conditions were worsening as firms transitioned more staff from temporary to permanent employment. Management expect this to continue through 2019 as firms work to mitigate potential tightening in the labour market and the effects have been particularly notable in some higher margin fields.
As a result, guidance for the year has been cut and EBIT for the year is now forecast to be within the £23-28 million.