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Staffline woes more than temporary

Staffline woes more than temporary

Staffline's (STAF) already tumultuous year has gone from bad to worse as weaker than expected trading forced the recruiter to warn that adjusted earnings before interest and tax (EBIT) would come in between £23m and £28m this year, far below analyst consensus estimates of around £43m. As recently as April, the group had anticipated an underlying trading performance "in line with expectations". Management's revelation wiprf as much as half from the group's market value in just one day. 

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