UK's Workspace Group falls on FY pretax loss; sets medium-term profit target
10/06/2026 08:43
BUZZ-UK's Workspace Group falls on FY pretax loss; sets medium-term profit target June 10 (Reuters) - ** UK's Workspace Group's shares WKP.L down 2% at 326.4p
** Flexible office-space provider sets medium-term target for trading profit before interest of over £125 million per annum after earlier flagging it as a substantial cut
** Co posts a full-year pretax loss of £120.5 million ($161.33 million), missing the consensus estimate of a £58.26 million profit
** Co says near-term profitability to be hit by asset disposals and higher interest costs
** Five of 10 analysts rate the stock "Buy" or higher, four "Hold," one "Sell"; median PT 401p - data compiled by LSEG
** Stock down 16.5% this year as of last close
($1 = 0.7469 pounds)
(Reporting by Amna Mariyam in Bangalore)
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See all newsUK's Workspace Group falls on FY pretax loss; sets medium-term profit target
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Brief: Workspace Group Sets Medium-Term Ambition To Deliver Over £125M Trading Profit Before Interest
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