16th May 2025 10:10
(Alliance News) - Staffline Group PLC on Friday said it is entering a "value enhancing strategic partnership".
Staffline shares were 15% higher at 31.41 pence each on Friday morning in London.
The Nottingham, England-based recruitment and training firm said it secured a "significant" strategic partnership with one of the UK's leading food and drink supply chain management and logistics providers covering the whole of the UK and Ireland.
The partnership is for an initial two years with a one-year extension option to fully outsource to Staffline of the agency's labour services that are currently supplied by the in-house labour supplier.
Staffline expects the contract to strengthen its market position in the logistics sector.
The company anticipates warehousing and security activities to start no sooner than the end of the second quarter and to continue during the third quarter.
Chief Executive Officer Albert Ellis said: "We are delighted to have secured such an important, value enhancing strategic partnership. This new contract reinforces Staffline's strong reputation as a trusted partner for supplying volume labour to the food and drinks, logistics and fast moving consumer goods sectors and materially enhances the Board's expectations of group performance over the life of the contract. Over the coming months the Staffline team will be working with the leadership to manage a smooth transition, creating efficiencies, synergies and opportunities for all parties."
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Staffline