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Workspace Group Plc (WKP.L)
- Yahoo Finance UK
Stocks to watch this week: WH Smith, B&M, BAT and Inditex
Earnings preview of key companies reporting this week and what to look out for.
- The Telegraph
London offices to be powered by Devon sunshine
London offices are to be powered by Devon sunshine after corporate landlord Workspace Group struck a solar power deal with Europe’s largest renewable energy generator.
- Reuters
UPDATE 2-London-focused Workspace forecasts strong second-half rental growth
Workspace Group on Tuesday forecast strong rental growth in the second half of the current fiscal year, after the London-focused flexible office-space provider posted a half-year loss as elevated interest rates hit the valuation of its buildings. Flexible space operators such as Workspace have performed well on the operational front as tenants opt for short-term leases and reassess strategies periodically amid broader economic worries. Workspace has a different business model to WeWork and owns their buildings unlike the U.S. firm, but the company's finance chief Dave Benson said that the WeWork's restructuring might benefit Workspace.
