IWG’s shares fell by 1.33% over the course of the day, after revealing the extent of its half-year losses.
The company’s shares traded down for much of the morning, falling by about 9% at its lowest point before recovering in the afternoon to end the session at 222.6p.
Earlier today the co-working provider disclosed plans to “rationalise” 4% of its 3,392-strong network – equalling around 135 locations – to recoup cash, after absorbing a £155.8m hit from the pandemic during H1.
Elsewhere, developer Berkeley Group Holdings was the biggest real estate faller in the FTSE 100, with shares trading down 3.22% to 4,413p.
The FTSE 100 inched up by around 0.05% over trading, finishing the day at 6,036. The FTSE 250 was up by 0.87%, closing at 17,307.7.
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