Write-offs drag down Staffline shares

AIM-listed recruitment business Staffline (LON:STAF) saw its share price plunge 11.08% to 65.80p (as of 15:00 GMT) as it said results for the year ended 31st December would be below previous guidance. Management said that it had to increase provisions and write-offs for the period as part of its ongoing audit process.

The prior 2020 guidance has been retained.