The FTSE-250 listed Workspace Group, an owner and operator of sustainable flexible work spaces, issued a post close financial update this morning. Full year profits are set to be in line with expectations but there’s a marginal fall in portfolio valuation predicted, occupancy rates are down and for FY26 a trading profit headwind of £7m is seen. The company is addressing these challenges and will present a strategic update alongside full results in a few weeks time but for now the Workspace share price was down 10% in early trade.
The global platform for specialist media published half year results this morning which showed stable profit margins, but revenues fell with organic growth being offset by the uncertain macroeconomic environment. The group remains highly cash generative but the general market conditions are leading management to take a cautious view of the full year performance, with currency headwinds adding to the challenge. The Future share price was down by 4% approaching 9am.
Full year numbers from property managers Land Securities this morning failed to find much cheer from investors despite talk of strengthening office rents in London and advising that it is about to make a significant play into the residential property market. Heralding an astute portfolio structure, the company reported a £393m pre-tax profit, reversing the £341m pre-tax loss posted a year earlier but the market appears underwhelmed, with shares trading around 2% lower shortly after the bell.
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