Company
Workspace Group PLC
LON:WKP
Workspace Group PLC is a United Kingdom-based company that is engaged in property investment in the form of letting of business accommodation to small and medium-sized enterprises located in London and the South East of England. As of March 31, 2008, the Company had seven active subsidiaries, four of which are engaged in the Company’s core activities. LI Property Services Limited procures insurance on behalf of Workspace Group PLC. Workspace Management Limited acts as manager for all the Company’s property investment companies. Workspace Holdings Limited is an intermediate holding company.
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FTSE 100 surges 100 points as rate cut hopes build on private sector downturn
The FTSE 100 further racked up gains on Friday
Workspace sees better like-for-like rent roll and 'strong conversion of demand into lettings' in Q2
The provider of flexible workspaces in London said it expects to complete the sale of the residential component of its mixed-use redevelopment in Wandsworth for around £55mln in December
Workspace Group swings into profit as demand returns to pre-pandemic levels
The FTSE 250-listed group recommended a total dividend of 21.5p per share
Workspace to consider selling McKay Securities' light industrial assets
The offer document had noted Workspace's intention to recycle capital into other assets, including light industrial properties
Workspace Group sees ‘strong’ demand but still way off pre-COVID levels
Like-for-like rent roll was up 2.3% in the quarter, to £89.3mln, with total rent roll increasing £5.1mln to £107.2mln
London coming back to life, says flexible office group Workspace
“The pandemic has made people appreciate that not all offices are created equal"
Workspace share price doesn’t reflect strong recovery potential, says RBC
Analysts said the group is well-placed to take advantage of strong UK GDP growth and structural changes in tenant demand for London office space
Workspace swings to full-year loss as COVID-19 reduces rental income, property valuations
Strong pick-up in new customer activity seen in fourth quarter has continued into the new financial year
Workspace sees interest in offices revive as economy opens up
It is now seeing occupancy stabilise and anticipates a recovery in occupancy levels
Workspace double-downgraded by Barclays on reopening over-optimism
Availability of office space in London is almost at 20-year record levels
Workspace defers dividend decision after slumping to interim loss
The group's portfolio valuation as of September 30, 2020, was £2.4bn, down 5% from March 31, 2020
Workspace sees slow pickup, ends rent discount
Activity is now at around 15% of usual levels but occupancy fell by 3% to 90% in the quarter to June
Workspace raises its dividend even though most occupants get rent discount
The flexible office space provider is preparing its spaces with safety measures ahead of occupants returning to work
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FTSE 100 closes at three month high as shock US jobs report boosts global markets
US non-farm payrolls for May provided a major surprise, increasing by 2.51mln, rather than falling by 7.5mln, as the market had been expecting.
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Still painful US payroll numbers to end the week; Workplace finals may come with risks
Waste management company Biffa is also scheduled to release its full-year results on Friday
Electrocomponents under the microscope, price trends eyed for housebuilders
Workspace is also releasing final results on Tuesday, with the dividend a potential risk
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Wizz Air, SSP and Pennon key reporters in coming week
The first week of June will also bring the all-important US non-farm payroll data
Workspace cuts rents by 50% to help tenants through coronavirus crisis
"We appreciate that for many customers this will only be the start of a very challenging time"
Workspace still open but rental payments fall by 50%
Workspace added it will wait and see how things develop before making a decision on the final dividend.
Deutsche Bank trims Workspace to ‘hold’ from ‘buy’ following recent share price performance
The German bank upped its target for the FTSE 250-listed stock to 1,300p from 1,200p, with the shares currently trading at 1,279p
Workspace shares struggle after Berenberg downgrade
Berenberg said shares look expensive and called "market uncertainty" the reason for the recent flexible workspace craze
Flexible boost for Workspace as property values increase
Profits sagged 2.5% to £99.1mln in the last six months, which the landlord said was down to it making no profit on property disposals in the recent period
Investments and investor services
FTSE 100 closes lower again as European shares slide as mood sours
Footsie closed on Thursday nearly 21 points lower at 7,509.
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Dart Group profits to rise in 2019 but analysts see weaker year ahead amid tough travel market
The day ahead includes full-year results from Dart Group and US inflation data
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Kier Group is feeling the pressure ahead of Thursday’s trading update
Last month Kier issued a profit warning, so investors will be watching wearily as Thursday's trading update lands.
Workspace hikes dividend after mixed full-year results
The group lifted its dividend by 20% due to a "strong financial performance and positive outlook”
Investments and investor services
FTSE 100 closes near flat as US ADP jobs report shakes confidence
The UK blue-chip share index finished up around four points at 7,218
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Mid-caps to dominate corporate news on Wednesday as FTSE reshuffle day arrives
Budget airline easyJet is expected to exit the FTSE 100 index after the latest quarterly review, while JD Sports is seen taking its place among the blue-chips
Land Securities lifted by Deutsche Bank to ‘buy’ from ‘hold’ in major review of the London office market
Aside from Land Securities, the German bank’s analysts also upgraded ratings for mid-cap property firms Derwent London and Great Portland Estates both to ‘buy’ from ‘hold’ too
Workspace boss Jamie Hopkins to leave office owner next month
Hopkins, who has been at the helm since April 2012, said his decision to step aside was “purely on personal grounds” and that he intends to keep hold of his Workspace shares
Berenberg downgrades Workspace, initiates three other property stocks as it launches coverage of London office market
Berenberg's analysts concluded: “Capital values and rents are at all-time highs and have begun to turn, while increasing tenant expectations are putting pressure on operating margins and increasing building obsolescence”
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
Hammerson and Workspace shares lifted by Deutsche Bank upgrades
In a bullish note on European real estate, analysts at Deutsche upped both firms to 'buy' from 'hold', however, it was bittersweet as both also had their target prices cut
FTSE 100 closes lower ahead of Prime Minister's Brexit statement
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
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Investors hoping UK inflation will continue to retreat as wage growth goes in the opposite direction
Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe
Workspace shares gain as it reports strong demand and invests in office space
Analysts at Liberum expect "good like-for-like rental growth" to be enhanced by the group’s pipeline of refurbishment and redevelopments over the next three years
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Hays to report another quarter of growth, wrapping up positive week for recruiters
The day ahead includes trading updates from Hays and Experian
Workspace Group clips property portfolio again
Jamie Hopkins, Workspace’s chief executive, said the sales were part of portfolio re-positioning
Workspace Group to tap market to fund growth
The London-focused office space provider said like-for-like occupancy in the fiscal year just ended rose to 91.6%, up 0.8% in the year, and rent per square foot was up 7.6% to £35.50.
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
Workspace Group to raise £200mln to fund expansion
It is issuing eight and ten year loan notes with eight UK and US institutional investors, including four new lenders to the group
FTSE 100 fades despite demand for miners
The Footsie closed down on the day but up on the week
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Hays' trading update expected to follow resilient sector trend as Brexit fears fail to impact staffing groups
Day ahead: Trading updates from Hays, Ashmore Group; US CPI inflation numbers ...
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Marks & Spencer and Burberry both need to regain momentum
Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
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Storm brewing outside, but Hurricane Energy shareholders should be snug and happy at its annual meeting
Day ahead: Hurricane Energy AGM; full-year results from Ramsdens Holdings, RPC Group, Workspace Group
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It's all (about) the election stupid
Election to dominate as polls suggest a turbulent week ahead while cancer forum will put spotlight on pharma
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Royal Mail or royal fail?
In the words of Roy Wood, Royal Mail wishes it could be Christmas every day
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Week Ahead: Christmas hangover lingers for retailers
Among the big retail names reporting are Burberry, Halfords and Pets at Home.
Investments and investor services
London office market under threat from 'Brexit', says Deutsche
Broker sees possible "material moves" out of London after referendum
PREVIEW - Halfords pedals out first quarter preview
Broker Investec rates shares a 'buy' but has slashed its target price back to 390p from 470p.
Week Ahead: ASOS PLC likely to welcome sterling's post-Brexit tumble
Youth-orientated fashion firms ASOS and Supergroup go head to head, while a bit further up-market Burberry may regard the Brexit fall-out as a mixed blessing
Preview: Sainsbury's first quarter update set to disappoint
Supermarket group predicted to report a sales fall
Investments and investor services
Broker spotlight: Oil super-majors, Falcon Oil & Gas, Sirius Minerals, Sky, UK property companies
The super-majors are the energy stocks to have, says Deutsche Bank, but Falcon Oil & Gas's Aussie drilling results show there is still a place for a well-chosen minnow.
Investments and investor services
Broker spotlight: Oil super-majors, Falcon Oil & Gas, Sky, UK property companies
The super-majors are the energy stocks to have, says Deutsche Bank, but Falcon Oil & Gas's Aussie drilling results show there is still a place for a well-chosen minnow.
Investments and investor services
FTSE 100 sucked higher in US's slipstream
UK investors shrugged off concerns over Greece to follow US equities higher in the afternoon session
FTSE 100 dragged higher in US's slipstream
A firm start on Wall Street encouraged a rally in London
Investments and investor services
FTSE 100 higher at lunch; Metminco unaware for reason of share price rocket
Metminco said it knows no reason for the rise in its share price but investors were quick to take to the bulletin boards with suggestions.
Investments and investor services
Risers & Fallers: Arria NLG, Kuala, Metminco, RapidCloud, Ferrex, Ferrum Crescent
Arria NLG was the best performer today as it held out hope of a funding package.
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Wednesday's agenda - Investors switch on to Dixons Carphone numbers
A fourth quarter trading update from last year's mega merger Dixons Carphone (LON:DC.) is on the cards for investors midweek. No doubt they will hoping to see a continuation of the strong trading reported in January this year for the peak n
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Week ahead: Dixons Carphone tipped to maintain positive LFL sales growth
We're a bit light on scheduled reports from multi-national leviathans this week, but some well-known national names - such as Dixons, Halfords and Bellway - are expected to report.