UK's Workspace falls after quarterly occupancy dips, Jefferies downgrade

By Reuters News

** Shares of flexible office-space provider Workspace WKP.L down 6.5% at 342.20 pence

** Co reports lower occupancy and a decline in rent roll in second quarter

** Says additional £100 million ($132.47 million) plus of disposals unlikely to be fully achieved by March 2027 due to market conditions

** Jefferies downgrades stock to "Hold" from "Buy" and cuts target price to 370 pence from 390 pence, citing a tougher sales market and softer customer activity

** Stock down ~14% YTD


($1 = £0.7549)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk