Finance

IWG shares plummet on end of takeover talks

By 2018-08-07T08:20:00

Generic finance graph fall

IWG’s share price plummeted 22% over Monday and early trading Tuesday after the company, formerly known as Regus, announced it has ended takeover talks with Starwood, Terra Firma and TDR.

After closing at 303.7p on Friday shares in IWG fell to 240.0p on Monday and were trading at 236.3 early Tuesday morning.

The news came as IWG published interim results, which showed a 29% drop in operating profit to £60m.

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