George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIWG Share News (IWG)

Share Price Information for IWG (IWG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 193.70
Bid: 193.90
Ask: 194.10
Change: -1.80 (-0.92%)
Spread: 0.20 (0.103%)
Open: 194.80
High: 196.30
Low: 193.30
Prev. Close: 195.50
IWG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Regus Owner IWG Says Managers And Board Will Take 50% Pay Cut

Mon, 06th Apr 2020 10:50

(Alliance News) - Office space provider IWG PLC on Monday said its senior managers and board will take a pay cut as part of the company's effort to save costs during this "challenging period".

The company, which trades under the Regus brand name, also said that there has been no change in its assessment of the Covid-19 pandemic or in its position.

In March, IWG had said it expected pressure on its businesses due to lockdowns as a result of the virus outbreak, following a positive start in January and February. It also had said it was monitoring ongoing developments and taking appropriate actions to cut costs and optimise cash flows.

Shares in IWG were up 6.3% at 185.50 pence each in London on Monday morning.

The company's board - including Chief Executive Mark Dixon and Chief Financial Officer Eric Hageman - have decided to take a 50% reduction in fees and base salaries during this challenging period, the Luxembourg-based company said.

IWG has deferred its first quarter trading update to May 28 from April 28 to provide information in respect of April's trading in the light of Covid-19.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
5 Mar 2024 11:55

IWG resumes payout following record revenue as eyes on listing future

(Alliance News) - IWG PLC on Tuesday said it will pay dividends again after achieving record revenue in 2023, as the company weighs up a New York listing.

Read more
5 Mar 2024 07:58

IWG cautious but confident on 2024 after record revenues

(Sharecast News) - Hybrid-working office space provider IWG reported a sharp rise in annual profits but held a cautious line on 2024 prospects, despite bringing in record revenues last year.

Read more
27 Feb 2024 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 28 February 
AB Dynamics PLCTrading Statement
ASA International Group PLCTrading Statement
Aston Martin Lagonda Global Holdings PLCFull Year Results
Avingtrans PLCHalf Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Derwent London PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Harmony Energy Income Trust PLCFull Year Results
Hutchmed China LtdFull Year Results
International Personal Finance PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Malin Corp PLCFull Year Results
Primary Health Properties PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
RHI Magnesita NVFull Year Results
St James's Place PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Thursday 29 February 
Cairn Homes PLCFull Year Results
CVS Group PLCFull Year Results
Drax Group PLCFull Year Results
Faron Pharmaceuticals LtdFull Year Results
Haleon PLCFull Year Results
Hammerson PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Hunting PLCFull Year Results
International Biotechnology Trust PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
London Stock Exchange Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Man Group PLCFull Year Results
Mobico Group PLCFull Year Results
Nexus Infrastructure PLCFull Year Results
Ocado Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder Oriental Income Fund LtdFull Year Results
Schroders PLCFull Year Results
Serco Group PLCFull Year Results
Shaftesbury Capital PLCFull Year Results
Spectris PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Vesuvius PLCFull Year Results
Weir Group PLCFull Year Results
Friday 1 March 
IMI PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Monday 4 March 
Clarkson PLCFull Year Results
Craneware PLCHalf Year Results
GlobalData PLCFull Year Results
Quartix Technologies PLCFull Year Results
Tuesday 5 March 
Ashtead Group PLCQ3 Results
Bakkavor Group PLCFull Year Results
Beeks Financial Cloud Group PLCHalf Year Results
Blackbird PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Ferguson PLCHalf Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
Headlam Group PLCFull Year Results
Inchcape PLCFull Year Results
Intertek Group PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Keller Group PLCFull Year Results
Reach PLCFull Year Results
Rotork PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
STV Group PLCFull Year Results
Travis Perkins PLCFull Year Results
XP Power LtdFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
24 Jan 2024 09:11

LONDON BROKER RATINGS: UBS cuts BAT to 'neutral'; Barclays cuts Senior

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
5 Dec 2023 12:34

TOP NEWS: IWG to resume dividend payments as performance improves

(Alliance News) - IWG PLC on Tuesday announced a resumption of dividends as the workspace provider hailed a period of "strong performance".

Read more
8 Nov 2023 09:30

LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 Nov 2023 10:11

IN BRIEF: IWG quarterly revenue up; confirms full year expectations

IWG PLC - Workspace provider - Says third quarter revenue jumps 7% to GBP736 million from GBP726 million a year prior, citing network growth, pricing strength and ancillary services. Year-to-date revenue climbs 11% to GBP2.22 billion from GBP2.01 billion in the corresponding period for 2022. Confirms financial outlook for 2023, stating that earnings before interest, tax, depreciation and amortisation, as well as net financial debt will remain in line with expectations. Adds it will report its full-year results in pounds before converting to US dollars from January 1.

Read more
7 Nov 2023 09:45

IWG upbeat as quarterly revenue rises

(Sharecast News) - Workspace provider IWG reported a third-quarter system revenue of £830m on Tuesday, reflecting 8% year-on-year growth in constant currency terms.

Read more
31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
10 Aug 2023 10:08

LONDON BROKER RATINGS: Bank of America upgrades Quilter to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
9 Aug 2023 16:58

LONDON MARKET CLOSE: Stocks bounce back; eyes on US inflation figures

(Alliance News) - Stocks in London were largely higher at the close on Wednesday, as deflationary news from China failed to dent market mood despite pointing to further weakness from the world's second largest economy.

Read more
9 Aug 2023 16:23

FTSE 250 movers: IWG extends gains, TP ICAP impresses

(Sharecast News) - Workspace provider IWG was extending gains made on Tuesday after it reported a strong performance across key financial metrics in its first-half results. The company posted a record group revenue total of £1.68bn, up 14% in constant currency year-on-year.

Read more
9 Aug 2023 08:57

LONDON BROKER RATINGS: Jefferies raises Domino's Pizza to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
8 Aug 2023 08:33

IWG celebrates record half-year revenue on hybrid working boost

(Alliance News) - IWG PLC on Tuesday reported "record" interim revenue, helped by progress in its hybrid working platform Worka.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.