Workspace giant IWG launches £100m share buyback scheme Office space provider IWG has launched a £100m share buyback and increased its dividend. The company, which operates under the Regus brand, increased its interim dividend 10.3 per cent to 2.15p per share as it announced it would repurchase £100m worth of shares by 5 August next year. Read more: Workspace giant IWG posts double [...]
IWG boss mulling £2.2bn break-up of serviced office space business The world’s largest serviced office space provider is mulling a £2.2bn split which could result in swathes of the company’s international portfolio being sold off, according to Sky News. Mark Dixon, who runs IWG and founded the company under its original Regus brand, is said to be weighing up plans to split the firm into two [...]
Regus targets universities and libraries as operating profits soar Regus said yesterday it planned to bridge the gap between higher education and working life by launching offices in universities and public libraries. The serviced office provider signed its first deal with Helsinki University last year and has also partnered with the Singapore Government to open facilities within their public libraries. It is now eyeing [...]
Regus steps up expansion but shares take a hit August 26, 2014 REGUS boss Mark Dixon sought to ease concerns after the company announced yesterday it had brought forward its expansion plans, saying the benefits would far outweigh costs to the business in the short term. The workspace provider, which runs around 2,000 centres across the world, said it expected to open at least 450 new sites [...]
Regus expects investments to hit 2013 results October 29, 2013 OFFICE space supplier Regus reported a 26 per cent rise in third-quarter revenue yesterday, but said full-year results would be hurt by the additional investments it was making to open new centres. The company, which provides meeting rooms, business lounges and office spaces for rent, said it now planned to open between 420 and 440 [...]
Acquisition costs see earnings slip at office space firm Regus August 27, 2013 OFFICE space supplier Regus’s first-half profit fell three per cent, it said yesterday, as restructuring costs related to an acquisition earlier this year hurt margins. Regus, which offers business lounges, meeting rooms and office space for rent for periods as short as half a day, reported that pre-tax profit fell to £31.1m for the six [...]