Billionaire IWG founder Mark Dixon steps down as chief executive Property The billionaire founder of IWG has unveiled plans to step down as chief executive, ending his decades-long control of the serviced office group. Mark Dixon, the Essex-born entrepreneur who founded the London-listed company as Regus group in 1989, will transition into the role of chairman while chief transformation officer Christian Schmitz is to step into [...]
IWG boss labels double-digit share price dive ‘not rational’ Property Shares in International Workspace Group (IWG) dropped more than 15 per cent today after a disappointing half-year trading update from the office provider. It was the worst day for the world’s largest provider of serviced office space since the first day of lockdown in March 2020. But boss Mark Dixon said the share price drop [...]
IWG: Workspace platform reports record March and ups share buybacks hospitality International Workspace Group (IWG) has reported a flat first quarter and record March as it fended off macroeconomic uncertainty. The company told markets this morning that revenue was stable at $909m (£683m) in the first quarter of the year. IWG, which provides flexible workspaces for businesses and individuals, upped its share buyback programmed from $50m [...]
IWG: Co-working platform announces share buyback, higher dividend March 4, 2025 Hybrid workspace provider IWG has announced a share buyback programme and an increase in its dividend after a jump in earnings. The company will buy back $50m (£39.4m) worth of shares and pay out a dividend of 0.90 pence per share for a total 2024 dividend of 1.33 pence per share, up from one pence per [...]
IWG buoyed by workers returning to the office November 5, 2024 Hybrid workspace platform International Workplace Group (IWG) has reported an uptick in revenue boosted by strong growth in its managed and franchised properties. Revenue grew by two per cent in the three months to 30 September, 2024, on a year-on-year constant currency basis, the company told markets this morning. The firm grew revenue at its managed and [...]
This is why business travel will never be the same again – IWG boss October 15, 2024 Current signs indicate business travel is unlikely recover to pre-pandemic levels, the boss of IWG, one of the world’s largest office providers, has said. “Technology will never replace the value of in-person interactions where they are strategically important,” chief executive Mark Dixon told Morning Wire. However, he warned “all signs suggest it is unlikely to return to [...]
‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing September 10, 2024 A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]
IWG reports record revenue as workers return to the office August 6, 2024 IWG chief executive, Mark Dixon, has publicly considered switching the Swiss firm's listing to the US this year.
IWG maintains full-year guidance amid US listing talk May 7, 2024 Wework rival IWG has said it is on track to meet full-year profit and debt reduction forecasts after warnings over rising costs in March.
Hybrid work specialist IWG reports record year but stays ‘cautious’ March 5, 2024 As millions of workers around the world adjust to the post-pandemic working environment, the group said it had doubled the number of locations opened during the year