Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Provider of staffing and outsourced support services primarily in the UK and North America, Impellam Group (IPEL) has updated on two long-term contracts it reported negatively on in a December trading update – announcing the exit of one on the terms expected, though that “additional operating losses of up to £9.8 million are estimated over the remaining four year contract life” of the other one. Oh dear.
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