UK's IWG climbs on buyback, sturdy US demand despite tariff threat

International Workplace

06/05/2025 10:26

May 6 (Reuters) - ** Shares of office workspace provider IWG IWG.L up 2.93% at 191.2 pence

** Co raises share buyback programme to $100 million from $50 million

** IWG says core activities not directly impacted by U.S trade tariffs and lead performance indicators such as enquiries and tours at all-time high in the U.S.

** Posts 2% rise in first-quarter system-wide revenue and affirmed its annual forecast

** "We think IWG should benefit from better disclosure and lower capital intensity and expect FCF to be strong," analysts at RBC Capital Markets say

** Up to Friday's close, stock had risen 16.66% so far this year

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com; +919920570373;))