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

(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)

WeWork rival IWG 'cautiously optimistic' on second half as H1 loss widens
© Reuters. FILE PHOTO: A bus drives on an almost empty street, following the outbreak of the coronavirus disease (COVID-19), in the financial district of London, Britain July 17, 2020. REUTERS/Hannah McKay/File Photo

(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)