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Prices & Quotes - UK Markets - IWG (IWG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 313.60p
Change Today:
-5.20p
Market Cap:
3,159.11m

FTSE 250 movers: Kier climbs, Sirius Minerals slips

By Duncan Ferris

Date: Tuesday 18 Jun 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 edged up by 0.49% to 19,250.56 in afternoon trading on Tuesday, with Kier leading the index higher.
The construction group led the risers with something of a recovery after slumping during the previous session, when it had suspended its dividend and said it would cut about 1,200 jobs as it looks to reduce debt and deliver annual cost savings of around 55m from 2021, simplifying its portfolio by selling or substantially exiting non-core activities.

Capital & Counties climbed following reports that Canary Wharf Group was in discussions to buy a large part of its 77-acre housing development site at Earl's Court.

Meanwhile, Telecom Plus rallied as the utility supplier reported a 4.9% increase in full-year profit to 43m.

David Madden, market analyst at CMC Markets, said: "The outlook is optimistic too as the group projects that client and services growth will be 5% and 10% respectively. Even though switching is common practice in the sector, Telecom Plus's rate remains below the industry's average - which is a clear sign that clients are happy with the service."

IWG crept higher after founder and chief executive Mark Dixon bought 1m of shares in the office space services company over the last two days at an average price of 334p.

Sirius Minerals was the top faller, while Primary Health Properties followed close behind after announcing the launch of a 150m offering of convertible bonds due 2025 late on Monday night, with the proceeds intended to be used to repay the company's senior unsecured bonds due 2019 and for general corporate purposes.

Plus500 was also trading lower, after a shareholder revolt at its annual meeting, with more than 20% of votes cast against the re-election of nominations committee chair Steven Baldwin and 14% cast against the re-election of chair Penelope Judd.

Finally, transport operator Go-Ahead Group was lower after Rail, Maritime and Transport (RMT) union members of its Bluestar bus firm in Hampshire began a 24-hour strike over a pay dispute.

Market Movers

FTSE 250 (MCX) 19,250.56 0.49%


FTSE 250 - Risers

Kier Group (KIE) 114.58p 6.10%
Capital & Counties Properties (CAPC) 220.30p 5.16%
Premier Oil (PMO) 72.59p 4.33%
Just Group (JUST) 55.20p 4.15%
Drax Group (DRX) 292.80p 3.32%0
Telecom Plus (TEP) 1,510.00p 3.28%
Polypipe Group (PLP) 451.20p 2.87%
Pennon Group (PNN) 777.80p 2.75%
Pets at Home Group (PETS) 181.20p 2.66%
IWG (IWG) 356.10p 2.62%

FTSE 250 - Fallers

Sirius Minerals (SXX) 13.61p -7.10%
Primary Health Properties (PHP) 133.60p -3.88%
Plus500 Ltd (DI) (PLUS) 568.40p -3.63%
Contour Global (GLO) 190.00p -3.55%
Go-Ahead Group (GOG) 1,931.00p -2.47%
Metro Bank (MTRO) 552.94p -2.13%
Intu Properties (INTU) 85.50p -2.13%
RHI Magnesita N.V. (DI) (RHIM) 4,500.00p -2.09%
Syncona Limited NPV (SYNC) 235.25p -1.98%
Playtech (PTEC) 409.20p -1.82%

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IWG Market Data

Currency UK Pounds
Price 313.60p
Change Today -5.20p
52 Week High 383.60p
52 Week Low 222.60p
Volume 1,222,596
Shares Issued 1,007.37m
Market Cap 3,159.11m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
Not Available

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IWG Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 25-Apr-19
Paid 04-Oct-19 24-May-19
Amount 2.15p 4.35p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 609,857 @ 313.60p
16:29 323 @ 315.50p
16:29 182 @ 315.50p
16:29 129 @ 315.50p
16:29 425 @ 315.50p

IWG Key Personnel

Chair Douglas Sutherland
CEO Mark Dixon
CFO Glyn Hughes