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Staffline earnings to rise

SHARES in Staffline, the blue-collar recruitment and training specialist, closed 5.8 per cent up yesterday after the company said its full-year earnings would be in line with upwardly revised market expectations.

The board said the performance of the Aim-listed firm had been driven by new contract wins since June and a cost-cutting programme.

Chief executive Andy Hogarth said that the integration of bolt-on acquisitions had also offered the chance to carve out efficiencies.

He also hinted of more consolidation to come in the sector, saying: “Our strong trading performance provides us with the confidence to continue to review acquisition opportunities as we look to invest further in our expansion.”

Its shares closed up 4.5p at 82p.