IWG hikes dividend and launches £100m share buyback

IWG has proposed a 10.3% increase in interim dividend payments and a £100m share buyback programme in its results for the six months to 30 June 2019. The co-working operator has posted a 10% rise in group revenue to £1.3bn and a 15% increase in open centre revenue to £1.28bn, on a constant currency basis. Profit before tax fell 4% to £42.8m. Mark Dixon, chief executive of IWG, said: “Even in this period of global, political and economic uncertainty, we expect the positive momentum to continue in our business and this is reflected in the increased proposed dividend and £100m