Bellway offers no outlook for current yearDoubts over the future of WeworkIWG shares gain in LondonShares in housebuilder Bellway (BWY) fell 2% in early trading before stabilising down 0.6% at £22.02 after the firm said it wouldn't give any financial guidance on the current year until it released its preliminary results in October. Meanwhile, shares in office rental firm IWG (IWG)...

Investors are looking hard at the stocks held in funds managed by Odey Asset Management for fear they will be dumped on the market as the hedge fund tries to raise cash. While some positions have already been cut, there remain plenty of stocks where its position has not changed (yet?).The firm is restructuring following a Financial Times investigation into alleged misconduct by founder Crispin...

While many investors will talk about wanting to hold shares for the long term, it is interesting to learn why fund managers decide to make changes to their portfolio. This active management is often spurred by changes to the investment case or valuation.For example, Pershing Square Holdings' (PSH) manager Bill Ackman earlier this year held shares Netflix (NFLX:NASDAQ) for a mere three months....

Buyout speculation and a pick-up in investor risk appetite has helped power UK mid-cap stocks to reverse a 2022 trend of underperformance versus their blue-chip cousins. Over the past month, the FTSE 250 index has rallied 8.3% compared with a 4.7% gain from the FTSE 100.This represents a stark turnaround for UK mid-caps, which struggled through the first nine months of 2022 as investors turned...

Weakness in the pound will only serve to heighten the likelihood of foreign companies buying UK businesses.We saw this happen when the pound slumped after the EU referendum on Brexit in 2016, including takeovers for chip giant Arm and broadcasting group Sky.UK stocks have been cheap on a relative basis to many other geographies since then, and now they've got even cheaper due to political,...

- IWG boss snaps up stock after share plunge- Admiral directors sell stock to pay tax bill- Keystone Law CEO buys nearly £500,000 worth of sharesMark Dixon, the chief executive of Regus-owner IWG (IWG), has bought £1.2 million worth of shares in the serviced office provider. That's the first time he has acquired more stock on the market since investing £91.3 million of his own money as part...

- Pre-tax loss narrows in flirst half- Covid restrictions continue to impact the business- Investors made to wait for dividends restartShares in IWG (IWG) plunged 11% to a one-year low of 171.4p, the worst performers in the FTSE 250, after the flexible office space provider said it will keep dividends on ice due to a continued uncertain environment.The serviced office specialist also bemoaned...

Shares in serviced office group IWG (IWG) vaulted 6% higher to 304p on a news report over the weekend that the firm's founder and chief executive Mark Dixon was considering a break-up of the group to release 'significant value' for shareholders.The company, which owns the Regus and Spaces office-rental brands, is contemplating a series of corporate actions including a potential listing of its...

UK stocks started the week on the front foot with the FTSE 100 index gaining 0.8% to 7108.53 in early trading led by energy companies as oil prices continued their recent surge. Shares in BP (BP.) gained 2.2% to 327p and Royal Dutch Shell (RDSB) added 2.8% to £15.72.Brent crude traded 62 cents firmer at $78.71 per barrel, its highest level in over a year, as rising demand around the world in...

The start of the new school year is traditionally the time that offices, which languished half empty over the long summer holidays, are suddenly bustling with life. Lunch dates are made, career catch ups scheduled and goals recalibrated. Covid threw everything up in the air and everybody's watching to see where the pieces will eventually settle.As of 19 July, the Government's work from home...

Shares in office property companies Derwent London (DLN) and IWG (IWG) rose in tandem, the former gaining 2% to £37.89 as it posted upbeat interim results while the latter gained 2.4% to 327p despite cautioning that occupancy levels were below expectations.Derwent, which generates most of its rental income from London offices, said rent collection was almost back to pre-Covid levels in the...

The FTSE 100 finished 0.2% higher at 7,087.55 points on Tuesday with banks and housebuilders lending support.However food delivery platform Just Eat Takeaway.com (JET) was the biggest riser on the blue chip benchmark, bid up 3.4% to £68.40 as investors bet it would benefit from a surge in orders as consumers settled on sofas to watch the Euro 2020 clash between England and Germany.A decline...

London's FTSE 100 was up 0.25% at 7,090.71 points by lunchtime on Tuesday, led by gains across sectors including banking, tobacco and beverages.A 0.3% decline in sterling against the US dollar to $1.3839 benefited some FTSE stocks with large US dollar earnings including CRH (CRH) and Ferguson (FERG).Housebuilders were lifted by the latest Nationwide house price index, which surged 13.4% in...

UK stocks made steady progress on Tuesday with the FTSE 100 index gaining 22 points or 0.3% to 7,095 points on positive news for house builders.In contrast, Asian markets slipped overnight as global sentiment weakened on concerns that new coronavirus outbreaks in the region could hamper a recovery.Sterling remained in the doldrums, trading a $1.3860 against the dollar, while gold was not far...

UK stocks hit session highs at midday Monday, helped by a jump in housing builders after data showed domestic house price growth approached seven-year highs last month. Shares in Persimmon (PSN), Taylor Wimpey (TW.) and Barratt Developments (BDEV) all gained over 2.5%. Meanwhile office space firm IWG (IWG) dropped after a profit warning.At 12pm the FTSE 100 index of leading shares was up 0.3%...

Shares in flexible office space provider IWG (IWG) fell 13.1% to 318.5p after the company warned on profit as new Covid variants hit office occupancy levels.Underlying earnings before interest, taxes, depreciation and amortisation, or EBITDA, for 2021 are now expected to be 'well below' the level in 2020, the company said.The overall improvement in occupancy was lower than previously...

UK stocks eased on Monday as a drop in crude prices sent oil stocks lower and a warning from office workspace firm IWG (IWG) pressured property stocks.At 8.30am the FTSE 100 index was down 8 points at 7,061 with just a handful of house builders and Barclays (BARC) making gains.Oil prices retreated as investors awaited the outcome of talks between Iran and world leaders over a nuclear deal...

As restrictions are eased attention will turn from a return to shops and pubs to the somewhat more humdrum reality of getting back to the office.Working from home has been one of the big themes of the Covid-19 - for office workers at least - and there is still a debate about the lasting impact of the virus on this trend.The most likely outcome seems to be a hybrid approach judging by the...

UK stocks were broadly flat on Wednesday, the FTSE 100 edging a mere 0.12% higher to 6,720.85 early on, as soaring Covid-19 cases stoked fears that Britain's third nationwide lockdown won't be ending any time soon, thus tempering US stimulus hopes.Oil prices rose thanks to the weaker dollar and expectations the incoming administration across the pond will deliver massive stimulus spending that...

UK stocks closed higher Wednesday after news that the UK had become the first country to approve the Pfizer-BioNTech vaccine for emergency use with vaccinations expected to start next week.In afternoon trading, Pfizer shares gained 3.5% while in Frankfurt shares of BioNTech closed 5% higher on the day.At the close in London the FTSE 100 was was up 79 points or 1.25% at 6,463, with miners and...