IWG ponders London Stock Exchange exit - reports

Potential New York listing

Flexible office group IWG is reportedly looking to potentially delist from the London Stock Exchange.

In its H1 2023 results yesterday (8 August), the company posted its highest ever revenue of £1.5bn —  up 14% from H1 2022. Commenting on the results, CEO Mark Dixon said higher demand for flexible work products, improved pricing and cost discipline had helped the company achieve the record revenue. As a result, the FTSE 250 company's board has initiated a review of IWG's reporting currency as well as the potential implications of reporting under US Generally Accepted Accounting Principles (GAAP) rather than International Financial Reporting Standards (IFRS). British American Tobacc...