Takeover target IWG warns on profit due to growing pains
26 Jun Takeover target IWG warns on profit due to growing pains
Posted at 06:16h
in
News
by KMFSLLP
LONDON, June 27 (Reuters) – IWG, the London-listed
serviced office provider at the centre of a takeover battle,
downgraded its 2018 operating profit forecast by 15-20 million
pounds on Wednesday, blaming the cost of opening new space and a
weak performance in Britain.
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