Workspace Group shares fall 15% after warning of substantial profit drop in the coming year

Shares in Workspace Group PLC (LSE:WKP), the London flexible office landlord, fell 15% to 317.94 pence after the company warned of a substantial step down in profitability in the financial year to March 2027. The FTSE 250 company cited lower opening rent roll, higher interest costs, reduced capitalised interest, and increased operating expenses as factors weighing on the outlook, alongside the dilutive effect of higher-yielding asset disposals.