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

By Reuters News07:48 (UTC), 15 October 2026 Updated

** 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)

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