Market wrap: IWG falls on £620m pretax loss

Shares at flexible workspace provider IWG declined by 4.3% to end the day at 364.8p, after it disclosed a £620m pretax loss during 2020. The company, which owns brands including Regus and Spaces, was one of the biggest fallers in the FTSE 250. Other notable share price decreases in the FTSE 250 included Crest Nicholson, down by 4.3% at 375p, and Morgan Sindall, which fell by 3.7% to finish the session at 1,778p. Capital & Counties, which revealed a 26% drop in portfolio value, was down by 1.7% at 169.2p. On the other end of the scale, Domino’s Pizza Group was one of the top FTSE 250 performers of the day, up by 8.6% to 337.2p. The pizza chain set out plans to expand its store network by 200 locations earlier today, on the back of a rise in pretax profit last year. Today’s real estate risers on the stock exchange also included Capital & Regional, up 4.9% to 85p. Although the landlord’s losses have mounted, the firm yesterday unveiled a deal with Reef Technology to explore repurposing its surplus parking and retail spaces into urban farms, neighbourhood kitchens and fulfilment centres. The FTSE 100 closed up 0.2% at 6,730 points, while the FTSE 250 was up 0.8% at 21,382 points. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette