|Bid||5.23 x 0|
|Ask||5.46 x 0|
|Day's range||5.33 - 5.40|
|52-week range||2.63 - 5.54|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
These two stocks are heading in two different directions and I would only buy one of them today.The post £1k to invest? I'd buy this double-your-money FTSE 250 growth stock appeared first on The Motley Fool UK.
WeWork's decision to abandon its initial public offering and the resulting turmoil at the shared office space provider has created an opportunity for major competitor IWG , said IWG's founder and Chief Executive Mark Dixon. This contrasts with the large losses reported by WeWork in its filings for the IPO, which also triggered questions about whether its business model worked.
Here's What to Know about WeWork before Its Expected IPO(Continued from Prior Part)IWGGlobally, IWG, the parent of Regus, is WeWork’s biggest competitor, with 2,600 office spaces around the world. Although IWG has traditionally offered managed
The number of serviced and co-working offices across Europe has ballooned by more than 200 percent in the last five years, according to a report by real estate broker Colliers International Group Inc. WeWork has helped to drive this growth: it has nearly 50 locations in London and has added sites from Manchester to Moscow. “The IPO is a great milestone in the evolution of the flexible work-space scene,” said Tom Sleigh, head of consultancy on the industry at Colliers. While WeWork initially rose with the advent of the gig economy and an explosion of startups, big companies are increasingly seeking more flexible offices, too.
The company behind the Regus and Spaces brand said its quarterly performance was in line with expectations and new 2018 and 2019 location openings were developing according to plan. IWG has been looking to close or refurbish locations in the UK and some other markets to revive its business, which has been hit by a weak property market in London and higher costs. IWG said it expects capital expenditure of about 230 million pounds for 2019 and plans to add 6 million square feet of new space this year.
British office space provider IWG Plc is to sell its Japanese operations to TKP Corp for 320 million pounds ($418.8 million), sending its shares up by almost a fifth. The company behind the Regus and Spaces brand has been looking to close or refurbish locations in Britain and some other markets to revive its business, which has been hit by a weak property market in London and higher costs related to new sites. IWG shares rose as much as 19.8 percent in early trade.
The company behind the Regus and Spaces brand has been looking to close or refurbish locations in the UK and some other markets to revive its business, which has been hit by a weak property market in London and higher costs. TKP will buy 130 flexible co-work centres operated by IWG in Japan and will also allow the Japanese company to exclusively use IWG's Regus, Spaces and OpenOffice brands.
The Switzerland-based company behind the Regus and Spaces brand said it was looking to revive its UK operations, which has been hit by a weak property market in London and higher costs related to opening of new sites. "Overall, even taking the potential impact of Brexit into account, we remain positive about the medium to long-term future of the UK market," the company said, adding that 2019 trading outlook was in line with management's expectations. IWG has also seen increasing competition in recent years.