UK's Workspace leads FTSE 250 losses after profit warning

Workspace

17/04/2026 08:35

** Shares of UK's Workspace Group WKP.L plunge as much as 16.6% to 312 pence

** Stock top percentage loser in FTSE 250 mid-cap index .FTMC, which is down 0.04%

** The British office-space provider says it expects a "substantial step down" in annual profit due to factors including higher operating expenses and falling rents

** Co also warns of a negative impact to valuation of its properties in the second half

** We expect a negative share price reaction to the trading statement as new CEO Charlie Green resets the business for future growth, Panmure Liberum analysts say in a note

** Including the session's losses, stock down about 22% so far this year, FTMC up 1.3%

 (Reporting by Akshaya V in Bengaluru)

 ((akshayav@thomsonreuters.com))