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Prices & Quotes - UK Markets - IWG (IWG)

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Share Price:
Down 313.60p
Change Today:
Market Cap:

FTSE 250 movers: Riverstone flows lower, ConvaTec surges

By Duncan Ferris

Date: Wednesday 30 Oct 2019

LONDON (ShareCast) - (Sharecast News) - London's second-tier was 0.48% lower at 20,070.54 in afternoon trade on Wednesday, with Riverstone Energy leading the index downward.
The energy investor's shares fell following a decline in its net asset value during the third quarter with the company saying that it would now focus on further diversifying its portfolio with exposure across the midstream, services, and power sectors, in light of the challenging investment environment.

Marks & Spencer was lower as analysts from Hargreaves Lansdown noted that restructuring costs and a potentially disappointing performance from its clothing & home segment meant that interim operating profit could be down around 20%.

"That's because the clothing industry still faces very tough trading conditions, which won't help sales already in reverse at M&S. The extra external pressures, plus planned store closures means trends could well be weaker than the 3.6% revenue decline seen at the full year," said analysts.

Inchcape shares dropped after analysts from Barclays said they expected a risk to third quarter earnings and cut EBIT forecasts for 2020,

Up at the other end of the index, ConvaTec surged after it said trading was in line with management expectations following growth at each of its business units, with full-year guidance remaining unchanged.

Computacenter climbed after it reported that both revenue and profit in the third quarter remain "well ahead" of its 2018 year-to-date performance as the drive to digitalise helps to offset "challenging" economic conditions.

Finally, shares in serviced offices provider IWG climbed ahead of the release of its third quarter results next week.

Market Movers

FTSE 250 (MCX) 20,070.54 -0.48%

FTSE 250 - Risers

Convatec Group (CTEC) 206.72p 12.93%
Computacenter (CCC) 1,328.00p 5.31%
Future (FUTR) 1,346.98p 4.42%
Renishaw (RSW) 3,796.00p 1.88%
AJ Bell (AJB) 386.00p 1.71%
Contour Global (GLO) 211.50p 1.68%
Homeserve (HSV) 1,157.00p 1.58%
Senior (SNR) 184.50p 1.26%
IWG (IWG) 387.20p 1.07%
Drax Group (DRX) 301.00p 1.01%

FTSE 250 - Fallers

Riverstone Energy Limited (RSE) 457.50p -4.29%
Marks & Spencer Group (MKS) 179.69p -4.06%
Sports Direct International (SPD) 306.00p -3.83%
Hammerson (HMSO) 293.40p -3.74%
Investec (INVP) 431.60p -3.32%
Ferrexpo (FXPO) 123.13p -3.04%
Inchcape (INCH) 657.50p -3.02%
Card Factory (CARD) 170.00p -2.97%
Sanne Group (SNN) 548.00p -2.84%
IMI (IMI) 1,004.50p -2.71%

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

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What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
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