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WeWork rival IWG 'cautiously optimistic' on second half as H1 loss widens

By Reuters

IWG Plc on Tuesday said it was looking forward to the second half with “cautious optimism” as a resurgence in coronavirus cases and the return of strict curbs in some markets threaten to derail the office rental firm’s recovery.

The UK-listed owner of the Spaces and Regus brands said loss before tax from continuing operations for the six months ended June 30 came in at 183.4 million pounds ($253.95 million), compared with a loss of 176.2 million pounds a year earlier.

($1 = 0.7222 pounds)