Shares in flexible office group IWG rose by more than 4% on Monday after a weekend report that the FTSE 250 company might look to break itself up.
Sky reported that founder Mark Dixon is looking at deals that could include floating IWG’s US app as well as separating the part of its business that own property from its franchising operations.
Dixon told EG earlier this year that he had given little thought to stepping back from his leadership role at the company he set up 30 years ago. “We are a fast growing business in what I think will be a big part of the future of real estate,” he said. “I would like to have the luxury of thinking about myself, but for the moment it’s a busy time.”
The company’s shares finished the day at 299.3p, up by 4.3% to a three-and-a-half-week high.
In the FTSE 100, British Land and Landsec were among the day’s sharpest risers, BL gaining 4.1% at 521.6p and Landsec up 3.2% at 714p.
The FTSE 100 closed at 7,063, up 0.2%, while the FTSE 250 ended the day flat at 23,608.
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