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WORKSPACE GRP. (WKP)

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08-Jun-2022 10:07 AM

Workspace swings to annual profit, as grows office portfolio

Workspace Group PLC on Wednesday posted a swing to profit in its recent financial year, with increased occupancy as workers returned to the office. For the year that ended March 31, the London-based real estate investment trust swung to a pret
27-May-2022 08:33 AM

IN BRIEF: Workspace considers sale of McKay light industrial assets

Workspace Group PLC - London-based real estate investment trust - Confirms it is considering selling light industrial assets that were previously owned by McKay Securities, following ‘significant interest’. Says it has received ‘unsol
12-Apr-2022 06:29 PM

No offer for McKay Securities from Canadian private equity firm

(Alliance News) McKay Securities PLC suitor Slate Asset Management LP on Tuesday said it does not intend to make an offer for the property firm. The Toronto-based private equity firm had signalled interest in a possible offer for McKay towards
07-Apr-2022 10:15 AM

Workspace reports strong fourth quarter as SMEs return to office

Workspace Group PLC on Thursday said its ‘year of recovery’ was rounded off by strong trading in its final quarter. The London-based office space provider said in the final quarter of its year ended March 31, like-for-like rent rol
29-Mar-2022 09:51 AM

McKay Securities gets approach for possible competing takeover offer

Workspace Group PLC may face a rival acquisition offer for fellow property firm McKay Securities PLC from a Canadian private equity firm. Slate Asset Management LP has asked for access to due diligence information in order to consider making a
07-Mar-2022 09:19 AM

Workspace sells share of east London business park for £24 million

Workspace Group PLC on Monday said it sold Highway Business Park in east London, receiving £23.7 million for its share. The London-based office space provider said the sale represented a ‘significant’ premium to the stake&apos
02-Mar-2022 09:04 AM

Workspace agrees to buy McKay Securities for £272 million

Workspace Group PLC on Wednesday said it has agreed to buy McKay Securities PLC in a cash and shares deal that values its fellow London property listing at £272 million. Workspace offered 209 pence in cash, plus 0.115 of a new Workspace sh
06-May-2021 08:06 AM

Workspace sees pick up in demand for office space as Covid-19 restrictions ease

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,
28-Jan-2021 09:11 AM

Workspace sees drop in occupancy and rents

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
11-Nov-2020 08:04 AM

Workspace Group registers £110m loss amid rent discounts and deferrals

Real estate investment trust Workspace Group made a loss of £110 million in the first half of its financial year. The loss before tax for the six months to the end of September 2020 compared to a profit of £99 million in the same period in 20
28-Aug-2020 10:40 AM

Broker Forecast - Berenberg issues a broker note on Workspace Group Plc

Berenberg today reaffirms its hold investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 590p (from 700p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
28-Aug-2020 09:00 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Workspace Group Plc

JP Morgan Cazenove today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 700p (from 930p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
16-Jul-2020 02:20 PM

Broker Forecast - Jefferies International issues a broker note on Workspace Group Plc

Jefferies International today reaffirms its hold investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 680p (from 745p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
09-Jul-2020 08:39 AM

Workspace warns of ongoing pressure on occupancy levels as customers 'slowly returning' to business

Shared office group Workspace has reported like-for-like occupancy fell by 3% to 90% in the first quarter ending 30 June, and has warned of 'continued pressure' on occupancy levels in the short term. In its first quarter business update for the
22-Jun-2020 01:20 PM

Broker Forecast - RBC Capital Markets issues a broker note on Workspace Group Plc

RBC Capital Markets today reaffirms its sector performer investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 775p (from 875p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
19-Jun-2020 11:50 AM

Broker Forecast - Barclays Capital issues a broker note on Workspace Group Plc

Barclays Capital today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 800p (from 815p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
05-Jun-2020 07:23 AM

Workspace hikes dividend 10% as rental income boosts earnings

Shared office space group Workspace hiked its annual dividend by 10% after a boost in rental income underpinned a rise in adjusted profit. The company declared a total dividend for the year through March of 36.16p per share, up from 32.87p on-year, incl
04-Jun-2020 09:40 AM

Broker Forecast - Barclays Capital issues a broker note on Workspace Group Plc

Barclays Capital today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 815p (from 935p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
06-May-2020 01:20 PM

Broker Forecast - Peel Hunt issues a broker note on Workspace Group Plc

Peel Hunt today downgrades its investment rating on Workspace Group Plc (LON:WKP) to reduce (from hold) and cut its price target to 675p (from 1200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
30-Apr-2020 03:20 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Workspace Group Plc

JP Morgan Cazenove today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 930p (from 980p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
15-Apr-2020 11:40 AM

Broker Forecast - Barclays Capital issues a broker note on Workspace Group Plc

Barclays Capital today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 935p (from 1150p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
08-Apr-2020 12:40 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Workspace Group Plc

JP Morgan Cazenove today reaffirms its overweight investment rating on Workspace Group Plc (LON:WKP) and cut its price target to 980p (from 1220p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
07-Apr-2020 07:18 AM

Workspace to decide on dividend later in the year amid 'material' Covid-19 hit

Flexible office space provider Workspace said it would consider later in the year whether to pay a final dividend amid a fall off in business due to government Covid-19 lockdowns. Workspace said its trading profit for the year through March 2020 was expe
25-Mar-2020 10:10 AM

Broker Forecast - Berenberg issues a broker note on Workspace Group Plc

Berenberg today upgrades its investment rating on Workspace Group Plc (LON:WKP) to hold (from sell). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
21-Feb-2020 11:00 AM

Broker Forecast - Deutsche Bank issues a broker note on Workspace Group Plc

Deutsche Bank today downgrades its investment rating on Workspace Group Plc (LON:WKP) to hold (from buy) and raised its price target to 1300p (from 1200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

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