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Serviced office giant shocks investors with poor trading update
Thursday 26 Oct 2017 Author: David Stevenson

The world’s largest service office group IWG (IWG), previously known as Regus, saw almost a third of its value wiped off following a profit warning on 19 October.

Stockbroker Numis slashed its 2017 and 2018 earnings before interest, tax and amortisation (EBITA) forecasts by 23% to £161m and £195m respectively.

Numis says it reduced the earnings estimates due to short-term weakening in trading combined with the decision to maintain investment.

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