LONDON: Office-space provider Workspace Group Plc slipped to its first annual loss in 12 years on Thursday as it suffered from a slump in rental prices and lost around 10 per cent of customers struggling with the fallout of the coronavirus pandemic.Company insolvencies in England and Wales fell to their lowest in more than 30 years in early 2021 as the.
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6 May 2021 | 08:06am
StockMarketWire.com - Flexible office provider, Workspace, has reported a pick up in demand as the government s Covid-19 restrictions has lifted.
The easing of restrictions during the first quarter resulted in an increase of customer utilisation of the business centres, reaching 20% of pre-covid levels by the end of March and 30% by the end of April.
The company has had robust cash collection despite the restrictions on rent collection, with 92% of rent due for the fourth quarter of 2020/21 now collected.
For monthly paying customers, 84% of rent due for the first quarter of 2021/22 has been collected, which is in line with the levels at the same point in previous quarters.
28 January 2021 | 09:11am
StockMarketWire.com - Workspace Group has reported a 3.4% fall in like-for-like occupancy in the three months to December 31, 2020, driven by the exit of customers that had given notice earlier in the year.
Like-for-like occupancy in the quarter fell to 82.1%, while rent per sq. ft. reduced by 5.3% to £38.46.
The Group said approximately half of the decline in rent was driven by short-term lease incentives that will unwind over the next six months.
Customer demand is said to have been resilient during the period, with an average of 672 enquiries per month in the quarter, compared with 1,001 in Q3 2019/20. There were 109 lettings per month in the period, compared to 113 in Q3 2019/20.
Top UK Stocks to Watch: US consumers remain thirsty for Diageo drinks
Joshua Warner January 28, 2021 9:52 AM
Diageo proves resilient as pubs and restaurants remain closed while Britvic sells where it can, airlines easyJet and Wizz Air continue to struggle, and Tate & Lyle is set to post a rise in profit. Share:
Top News: Diageo ups dividend as pandemic weighs on results
Diageo said sales and earnings took a hit in the first half of its financial year as coronavirus restrictions kept people at home, and warned it expects this to continue during the first six months of 2021.
The alcoholic drinks giant said net sales fell 4.5% in the last six months of 2020, but said organic net sales rose 1% despite the fact pubs and restaurants remain closed. It said North America was particularly strong with organic net sales growth of 12.3%, offse