UK's Workspace falls after quarterly occupancy dips, Jefferies downgrade

Workspace

15/10/2026 08:48

** Shares of flexible office-space provider Workspace WKP.L down 6.5% at 342.20 pence
** Co reports lower occupancy and a decline in rent roll in second quarter
** Says additional £100 million ($132.47 million) plus of disposals unlikely to be fully achieved by March 2027 due to market conditions
** Jefferies downgrades stock to "Hold" from "Buy" and cuts target price to 370 pence from 390 pence, citing a tougher sales market and softer customer activity
** Stock down ~14% YTD

($1 = £0.7549)

 (Reporting by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))