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Prices & Quotes - UK Markets - IWG (IWG)

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Share Price:
Up 304.00p
Change Today:
12.10p
Market Cap:
3,062.38m

UK workers still avoiding offices despite government campaign

By Caoimhe Toman

Date: Thursday 10 Sep 2020

LONDON (ShareCast) - (Sharecast News) - The majority of UK workers have not returned to their offices despite the government's campaign urging businesses to return to normal.
Only 17% of employees across 63 of the largest towns in the country, compared to pre-lockdown levels, had resumed travelling to their place of work by the end of August, revealed data from the Centre of Cities thinktank.

That was the same proportion as in June, meaning that the number of people returning to offices has flatlined over the summer.

Worker footfall was down most in Oxford, Leeds and London.

In July, Prime Minister Boris Johnson initiated a campaign to urge companies to return staff to offices to help reboot the British economy.

According to the Guardian, there are still major concerns about the well-being of workers in offices given the challenges facing companies using densely packed spaces while at the same time adhering to Covid-19 safety guidelines. A return to work could lead to a rise in infections.

The number of workers in city centres may rise in the coming weeks as schools have reopened and parents no longer have to take care of their children for a better part of the day.

Andrew Carter, the Centre for Cities chief executive, said: "There is little indication that workers are heeding the government's call to return to their offices, and city centre restaurants, pubs and shops face an uncertain future while they remain at home.

"Unless we see a big increase in people returning to the office, the chancellor must set out how he will support the people working in retail and hospitality who could soon find themselves out of a job."

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IWG Market Data

Currency UK Pounds
Price 304.00p
Change Today 12.10p
52 Week High 383.60p
52 Week Low 222.60p
Volume 1,225,333
Shares Issued 1,007.36m
Market Cap 3,062.38m

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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 22-Jun-2021

Time Volume / Share Price
14:36 729 @ 304.00p
14:35 131 @ 304.30p
14:35 325 @ 304.30p
14:35 381 @ 304.30p
14:35 28 @ 304.30p

IWG Key Personnel

Chair Douglas Sutherland
CEO Mark Dixon
CFO Glyn Hughes