Boss of flexible office group IWG dismisses 17% fall in share price as ‘machine selling’
by Lauren Almeida from US news | The Guardian on (#6ZDKQ)
Spaces and Regus owner says global volatility will support demand for its hybrid workspaces
The boss of the flexible office company IWG played down a 17% drop in its share price on Tuesday as not rational", arguing that economic uncertainty around the world is supporting demand for hybrid workspace.
IWG, which owns the Spaces and Regus brands, said its adjusted profit rose by 6% to $262m (194m) for its first half of the year, but its shares plunged after it told investors it expected adjusted profit to end 2025 at the lower end of previous guidance of $525m-$565m.
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