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Flexible office solutions cut both ways for Workspace

By Chris Bailey | Wednesday 11 November 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Back in June I observed that FTSE 250 name Workspace (WKP), which describes itself as a provider of ‘inspiring, flexible work spaces with superfast technology in dynamic locations’, was a survivor in the commercial property space…but back then the big hope was that its ‘flexible offer’ would come to the rescue as ‘Workspace is ideally positioned to benefit as London recovers from the impact of the Covid-19 pandemic’. Since then the share has been up and down, although it remains well down on a year-to-date basis. And today’s first half update tells you everything you need to know why this is…

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