IWG says weak Bri­tish trad­ing will hit profits

The Daily Telegraph - Business - - Business -

IWG, the flex­i­ble of­fice provider that is the sub­ject of a four-way takeover bat­tle, warned its profits would be slightly lower than ex­pec­ta­tions this year due to “weak per­for­mance” in the UK and higher spend­ing. The com­pany, best known for its Re­gus brand, said it would in­vest £230m in open­ing 275 new spa­ces this year, up from pre­vi­ous guid­ance of £200m and 230 prop­er­ties.

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