IWG launches £100 share buyback as profit rises

Mark Dixon

IWG is planning to buy back up to £100m of shares after reporting a 2% rise in pre-tax profit for the first half of the year off the back of higher revenue.

Pre-tax profit hit £55.2m for the six months to the end of June, while revenue increased 12% to £1.3bn. The company also proposed a 10.3% hike in the interim dividend to 2.15p.

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