Office space provider IWG acts after profit falls by 7%.
Its stake in the serviced office provider is now 16.69%
IWG has agreed to let all of 25 Wilton Street, SW1, from Royal London.
The co-working group has appointed Eric Hageman as chief financial officer
The company is in advanced talks to lease the entire office space at 20 Finsbury Circus, EC2
IWG has posted a 10% uptick for the three months ended 30 September.
IWG chief executive Mark Dixon has bought £9.86m of shares in the Regus owner.
Toscafund Asset Management has increased its stake in serviced office provider IWG by 1.19 percentage points to 15.40%.
IWG chief financial officer and chief operating officer Dominik de Daniel is leaving the business to “pursue other opportunities”.
IWG has ended months of takeover talks with no deal, saying that it believes none of the potential buyers are “capable” of delivering an acceptable price.
IWG, the parent company of serviced office brand Regus, has reported a 4% drop in profits for the first half of 2017
Regus founder Mark Dixon has made £94.2m selling 27.3m of his shares in the FTSE250 company, which is now called IWG