Staffline Group PLC (AIM:STAF) climbed 6% on Wednesday morning after signalling its recruitment business was performing ahead of expectations.
"The positive momentum reported across the final quarter of 2023, has continued into the first four months of 2024,” the company said in a trading update.
This includes an encouraging performance from Staffline’s Recruitment GB wing, “ahead of management expectations” and which has supported “strong trading cashflow”.
Recruitment GB, which supplies flexible blue-collar workers, has seen an uptick in temporary hours of 8.6% over the first 19 weeks of the year.
New sites awarded with Tesco, Sainsbury's, GXO Logistics and Wincanton have driven the increase, Staffline said.
Staffline added elsewhere its Recruitment Ireland business had reported a 25% jump in permanent fees over the first quarter.
PeoplePlus, Staffline’s employability and adult training business for the likes of prisons, was “cautiously optimistic in its bid pipeline” in the meantime, the company noted.
Staffline noting trading was on track to meet management’s expectations for the year as a result, with its annual general meeting due to be held on Wednesday.
Shares climbed 6.1% to 32.04p.