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Ignite closes talent solutions business in wake of challenging half

Ignite has posted "disappointing" results for the December half, and flagged a key change in its three-year strategy for returning the company to profitability.

During the December half-year the group generated a loss from ordinary activities net of income tax of $820k (2021: loss of $80k).

"The result was due to losses sustained within our Technology & Talent Solutions business ($312k) and the investment in additional headcount in Specialist Recruitment in NSW and Victoria at the end of FY22 not generating sufficient additional gross margin to offset the additional costs," the company says...