IWG shares fall on profit warning

London Stock Exchange

Source: James Hume

IWG shares dropped 2.81% on Wednesday to 315.10p after the company released a profit warning forecasting a £15m to £20m drop compared to predictions.

In a statement to the London Stock Exchange on Wednesday morning 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 its flexible offices portfolio.

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