Staffline struggles to explain sell-off

AIM-listed recruiter Staffline (LON:STAF) has posted an update after its share price dropped by 22.80% to 37.44p (as of 14:30 BST). The company said it was not aware of any reason for the movement and expects to publish 2019 results shortly.

Progress continues with regard to revising the group’s main banking facilities and the board expects to agree to a new financing structure by the time that the annual results are released.