Staffline ( (GB:STAF) ) has shared an update.
Staffline Group PLC has announced the sale of its subsidiary, PeoplePlus Group Limited, to Talent International (UK) Limited for £12.0 million. This strategic disposal allows Staffline to focus on its core recruitment business, using the proceeds for share buybacks and to support organic growth. The sale is expected to enhance Staffline’s market position as a leading recruitment platform in the UK and Ireland, while PeoplePlus, known for its workplace training and employability services, will continue under new ownership.
More about Staffline
Staffline is one of the UK’s leading recruitment groups, operating through two main divisions: Recruitment GB and Recruitment Ireland. Recruitment GB provides flexible blue-collar workers across various industries such as supermarkets, logistics, and manufacturing, while Recruitment Ireland offers end-to-end staffing solutions across public and private sectors throughout Ireland.
YTD Price Performance: -1.07%
Average Trading Volume: 220,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.97M
For detailed information about STAF stock, go to TipRanks’ Stock Analysis page.