LONDON BRIEFING: IWG warns on prolonged impact of virus restrictions
Mon, 7th Jun 2021 08:13
(Alliance News) - A leading provider of office workspace in the UK on Monday issued a profit warning, as continue lockdown restrictions and government advice to work from home drag on deeper into 2021.
IWG guided to full-year earnings well below 2020 due to a slower-than-expected recovery.
The flexible office provider said it has continued to see strong recovery in some of its markets since updating on first quarter activity, but the overall improvement across the group has been less than expected due to prolonged Covid-19 fallout, including lockdown restrictions and the emergence of new variants.
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