IWG Share News (IWG)

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.

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.

UK earnings, trading statements calendar - next 7 days

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

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

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.

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.

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

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

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.

IWG pays down debt in strong first half

(Sharecast News) - Workspace provider IWG reported a strong performance across key financial metrics in its first half results on Tuesday.

LONDON BRIEFING: abrdn assets fall; Spirax-Sarco CEO steps down

(Alliance News) - Stocks in London are called to open lower on Tuesday, following news that Germany's yearly inflation rate eased in July, with investors now nervously awaiting readings from China and the US later this week.

UK earnings, trading statements calendar - next 7 days

RBC Capital Markets cuts IWG price target

(Sharecast News) - RBC Capital Markets cut its price target on IWG on Monday to 155p from 190p, keeping the rating at 'sector perform' as it sees better value in other cyclicals.

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

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

LONDON MARKET MIDDAY: Central bank hawkishness keeps mood downbeat

(Alliance News) - Stock prices in London remained in the red at midday on Thursday, with hawkish rhetoric from central banking chiefs dampening market mood.

IWG hails extension of revolving credit facility to November 2025

(Alliance News) - IWG PLC on Thursday said it extended the maturity of its revolving credit facility.