Company
IWG PLC
LON:IWG
IWG is a provider of outsourced workplace solutions. With approaching 3,000 locations in over 100 countries and 1,000 cities across the world, IWG is the global leader in the fast-growing Workspace-as-a-Service (WaaS) sector. Our companies – which include Regus and Spaces – help more than 2.5mln people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services.
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IWG lowers profits guidance despite strong third quarter
EBITDA is forecast at the bottom of the £304mln-£380mln range, the company said with broker Peel Hunt suggesting forecasts for full year 2023 could also come down
IWG tumbles as analysts flag recession risks
The shares tumbled 17% to 160p in early trading on Tuesday
Archive
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IWG says hybrid working powers demand for office space as revenues jump 22%
Chief executive Mark Dixon, a veteran of the office rental industry, provided a short summary of prospects as he said “we look forward with cautious optimism to the remainder of 2022"
Britain has adopted a three-day workweek says office group IWG
"The era of long daily commutes is well and truly over"
Tesco trials office space in its stores with Regus owner IWG
IWG plans to add 1,000 new locations to its network this year, and reported the last quarter of 2021 as the company's best-selling quarter in more than 30 years
Hybrid working can save businesses thousands, new research suggests
A reduction in carbon footprint, better work/life balance for employees and improved work performance are all by-products of hybrid work life
IWG confirms review for potential separation but no decision made yet
The office space group is also looking at how it could more broadly leverage its intellectual property, alongside the ownership structure of the property portfolio
IWG working on potential break-up - report
Analysts were sceptical of the value and likelihood of such a break-up
IWG receives strong demand for flexible products but full recovery eyed next year
The office space provider signed up 900 new enterprise customers in the first half as companies are looking to change their habits in a post-pandemic world
IWG: New York private equity group not interested
Analysts said there was positive read-across to other London office owners
IWG warns over trading as recovery comes through slower than expected
Underlying group EBITDA for 2021 is now expected to be well below the level in 2020
IWG cuts office network back further as COVID-19 recovery slower than expected
IWG expects challenging market conditions for a few months to come
IWG suffers greater than expected pandemic hit as revenues shrink in third quarter
The office space firm also reported a 4.1 percentage point decline in occupancy during the period to 70.5% amid a rise in remote working across the economy
IWG expects tough third quarter as interim loss widens
n the six months to June 30, revenue slid 3% to £1.3bn