UK's IWG down 11% as analysts flag risk to cash flow expectations

International Workplace

11/08/2026 08:30

** Shares of office-space provider International Workplace Group IWG.L fall as much as 11.3% to 165 pence a piece by 0724 GMT
** Stock top percentage loser on the FTSE mid-caps .FTMC
** Jefferies analysts indicate headwinds for cash flow remain, even as co maintains annual and medium-term targets on cost cuts and forecasts cash flow performance in the second half of 2026 to be ahead of the prior year
** "We expect FY FCF expectations to fall significantly, which we expect to be the focus today and a headwind for the shares," analysts say in a note
** They say this could also reduce confidence in the timing of further share buybacks by IWG
** IWG said cash flow before corporate activities stood at negative $55 million in the first half, but added that it expects overheads to reduce significantly in the second half
** IWG down ~19.5% YTD, as of last close



 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))