|Bid||347.40 x N/A|
|Ask||347.80 x N/A|
|Day's range||337.70 - 351.50|
|52-week range||199.00 - 360.30|
|Beta (3Y monthly)||1.92|
|PE ratio (TTM)||29.95|
|Earnings date||6 Aug 2019|
|Forward dividend & yield||0.06 (1.86%)|
|1y target est||222.14|
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.
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...
The growth of WeWork and similar co-working spaces since the financial crisis has added extra risk to the market for commercial mortgage-backed securities, according to the credit-ratings firm.
The blue-chip index ended a lacklustre session about flat, lagging its European peers, while the FTSE 250 held on to its six-month high with a 0.5 percent rise as a stronger pound also aided. The pound's gains followed upbeat comments from Britain's foreign minister Jeremy Hunt on talks between the government and the opposition Labour Party to find a consensus over Brexit.
(Reuters) - Britain's main index lost ground on Monday as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 percent lower, lagging its European and Asian counterparts, ...
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 FTSE 100 gained for the fourth straight session and closed 0.2 percent higher, while the FTSE 250 was 0.4 percent lower as a weaker pound weighed. British American Tobacco advanced 5.2 percent to a near four-month high and Imperial Brands rose 1.3 percent after U.S. FDA Commissioner Gottlieb, who strove to curb use of flavoured e-cigarettes, said he would step down next month.
Britain's FTSE 100 edged higher on Wednesday as tobacco stocks surged after U.S. Food and Drug Administration Commissioner Scott Gottlieb stepped down, while Just Eat dropped on the mid-cap index after ...
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.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
MILAN/LONDON, Nov 6 (Reuters) - Britain's blue chip share index was lower on Tuesday as the pound strengthened amid renewed optimism over a Brexit deal while investors took risk off the table as Americans went to the polls in midterm elections. Disappointing results from the fourth-largest supermarket group Morrisons and bookmaker William Hill also weighed.
The founder of International Workplace Group (IWG (LSE: IWG.L - news) ), the serviced offices giant which competes with WeWork, is plotting a £2.2bn break-up that could see its property portfolio eventually sold to outside investors. Sky News has learnt that Mark Dixon, IWG's chief executive and biggest shareholder, is drawing up plans to split the company in two in an attempt to unlock hundreds of millions of pounds in value. Mr Dixon, who has been left frustrated by two abandoned takeover processes in the last 12 months, is said to be keen to pursue the break-up plan, which is likely to gain the support of major independent shareholders.
-- Source link: https://news.sky.com/story/wework-rival-iwgs-founder-dixon-plots-22bn-break-up-11543434 -- Note: Reuters has not verified this story and does not vouch for its accuracy.
A portfolio of upmarket serviced offices in London is finally being sold for about £475m to a wealthy Asian family, two years after its owners launched an auction of the business. Sky News has learnt that London Executive Offices (LEO (Shenzhen: 002131.SZ - news) ), a rival to WeWork and IWG (LSE: IWG.L - news) , is on the verge of striking a deal that will send mixed signals about the prospects for the capital's post-Brexit commercial property market. At about £475m, the price tag will fall well short of the £700m valuation attached to LEO when it was put on the market by owner Queensgate Investments in 2016.
The FTSE 100 (.FTSE) ended the day down 0.03 percent, while mid-caps (.FTMC) rose 0.4 percent, tracking higher European markets after Washington decided to slap 10 percent tariffs on another $200 billion of Chinese goods, and Beijing retaliated. Beijing's retaliation was less harsh than feared and caused just a temporary blip in stock markets which recovered fast. The FTSE 100 remains down 5.1 percent so far this year, however, as a recovery in sterling on growing expectations of a Brexit deal has weighed on the exporter-heavy index.
Britain's top share index barely budged on Tuesday as investors took in their stride an escalation in the U.S.-China trade war., and losses among tobacco stocks were balanced by gains in miners and oil ...