This material was edited out of the 'Market Movers' section in the September 2021 newsletter:
Shares in human resourcing specialists have been making gains in recent weeks, reflecting a strong employment market as the economy bounces back from the disruption caused by the pandemic. This includes three stocks from our New Buys list: Sthree (up 7% in August), FDM (up 13.3%), and Triad Group (up 17.1%). Staffline joined the party during the month, with the shares rising by 36.7% after the company released an upbeat trading statement for the first half ended June 30. Revenue was up 4.7% to £450.7m and a positive trend in margin saw gross profit increase by 14% to £34.2m. Staffline is in the early stages of a recovery after the company encountered significant financial and trading difficulties in 2018 and 2019. The company has some exposure to high tech employment, but is a less specialised provider of staffing solutions than the likes of FDM and Sthree that we cover in Techinvest. Shares in MTI Wireless Edge advanced by 27% after the company delivered a strong set of first half results. All three divisions of the business performed well, with group revenue up 9% to US$2.2m and net profit 13% ahead to US$1.73m. We made MTI a New Buy at 23p in September 2019, with a gain to-date of 278%. Other Techinvest New Buys to record strong gains in August included Beeks Financial Cloud, up 27% following news of a product release and a positive trading update; Kainos, up 19% as investors continue to back the unfolding growth story; and Kape Technologies, up 19% after issuing a positive trading update in late July.