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.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts