UK office space firm Workspace warns of ‘substantial’ profit drop for fiscal 2027

Bicycles are seen parked in front of The Frames, an office building owned by Workspace Group Plc, in London, Britain, June 5, 2020. REUTERS
April 17 (Reuters) – London-focused flexible office-space ​provider Workspace ‌Group on Friday ​warned of ​a “substantial step down” ⁠in ​annual profit for ​fiscal 2027, as falling rents ​and ​rising costs, among ‌other ⁠pressures, weigh on the firm.
This ​comes ​nearly ⁠two months after Charlie ​Green ​took ⁠the helm.

Reporting by ⁠DhanushVignesh ​Babu in ​Bengaluru; Editing by ​Sonia Cheema

 

Share this post :

Facebook
Twitter
LinkedIn
Pinterest