Shares in IWG continued to show signs of recovery after the flexible office company said it was experiencing “unprecedented demand” despite posting an £80m half-year loss.
The company’s shares have suffered since a profit warning earlier in the summer, falling to a near-eight-month low of 290.1p in mid-June, but have been edging back up. Today they rose by 2.7% to 328p.
Bellway’s stock was up after a bullish trading update in which the housebuilder said revenue was almost back to pre-pandemic levels. Its shares rose by 1.3% to 3,352p.
Other housebuilders to post notable gains included Taylor Wimpey, which recorded one of the FTSE 100’s biggest increases of the session, up by 2.5% at 178.5p, a three-month high.
The FTSE 100 ended the day at 7,161, up 0.4%, with a 0.5% rise for the FTSE 250 at 23,772.
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