Rise in British jobseekers advances Staffline profit

BLUE-COLLAR recruitment specialist Staffline Group posted a 50 per cent profit rise yesterday as it takes advantage of a glut of jobseekers to plug demand for temporary labour.

Staffline said pre-tax profit jumped to £2.1m in the first half of the year on turnover up 70 per cent to £83.4m, boosted by demand for temporary staff, acquisitions and an increase in British people looking for work.

“Good people have lost their jobs through no fault of their own but they’re good employees and therefore we can help get them back to work,” chief executive Andy Hogarth said.

“We’ve seen an increase in the number of British born-and-bred people, our workforce is now just under a third of British-born people, it was running at 20 per cent a couple of years ago,” he added.

Small-cap white collar recruiter Hydrogen also reported results yesterday, showing a modest profit, largely due to its focus on overseas markets.

Shares in Staffline, which finds workers for food processors and manufacturers, rose 29.5 per cent to 129.5p yesterday.