Expansion plans hit IWG profits

By David Parsley2018-06-27T06:55:00

IWG, the flexible workspace group in the midst of takeover talks, has warned profits for 2018 will be £15m to £20m less than previously forecast.

The group said expansion plans will hit profits in the short term, but did report an uplift in sales and improvements in both occupancy and pricing across the portfolio in its latest update to the market.

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