By Richard Hook2018-11-06T09:10:00
Regus owner IWG has said it will continue to “explore a range of strategic opportunities” as it targets growth on the back of a Q3 trading update which showed a rise in global revenues despite a “disappointing” UK performance.
Earlier this week it was reported that Mark Dixon, founder and chief executive of IWG, was looking at separating its flexible office property business, to leave the rest of the group focused on expanding its new global franchising model.
Overall, Q3 revenue increased 10.2% to £637.9m compared with £585.7m in the same period last year, with IWG pointing to strong US performance. Addressing its “disappointing” UK performance the firm said “actions to improve the business are firmly in place”.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.