Mon, 3 Dec 2012

Talent management company Work Group has announced that it expects to make a small loss, and reports both revenue and profit below current market expectations for the year ending 31 December.

According to the company, this is “as a result of the recruitment services market being generally challenging… [and] a slow final quarter in particular”.

The statement also notes that in light of the expected results and the broader climate, the board “continues to consider all viable strategic opportunities to maximise value for shareholders”, and indeed it “has previously received approaches from third parties who were interested in either individual parts of the business or the business as a whole but no agreement was reached with any of these parties”.