Staffline hikes its dividend

Recruitment firm Staffline raised its dividend by nearly a quarter yesterday after posting a 13.4 per cent rise in annual revenues to £416.2m. The firm, which recruits mainly in logistics and runs Welfare to Work programmes, said pre-tax profit was broadly flat at £8.6m. Analysts at Liberum said the results were ahead of forecasts and raised their rating to ‘buy’. Staffline shares closed up 13.5 per cent at 558p.