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Regus value cut in half

Series: Independent ; 4 July 2001, 13(1)Publication details: 2001Subject(s): Summary: Regus, supplier of serviced offices issues a dramatic profits warning and provides evidence that the UK is following US into a sharp business downturn. Shares in the company plunged as it announced that occupancy of the company's ready-made offices had fallen from 75% to 67% in Britain during the second quarter, with offices in London being particularly badly hit.

Regus, supplier of serviced offices issues a dramatic profits warning and provides evidence that the UK is following US into a sharp business downturn. Shares in the company plunged as it announced that occupancy of the company's ready-made offices had fallen from 75% to 67% in Britain during the second quarter, with offices in London being particularly badly hit.