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Office Freedom
Office Freedom
  • 1 Minute Read
  • 15th January 2009

MWB shares jump 11% after strong statement

photo-979-1-150x150Shares in MWB Group rose 11% to 37p on Monday, following a surprisingly upbeat trading statement.

The company, which comprises serviced office company MWB Business Exchange, the Malmaison and Hotel du Vin chains, and Regent Street department store Liberty, said that trading had been strong in all three divisions in 2008.

MWB Business Exchange experienced a reduction in trading in the second half of the year, following a strong first half, as the company attempted to maintain its 90% occupancy. The company said it was intending to open more centres where it could do so with little risk and minimum expenditure.

Estate Gazette, 10.01.09