Shares in IWG, formerly known as Regus, dropped 14.4% after a consortium abandoned its merger bid. Canada's Brookfield Asset Management and private equity firm Onex put in a £2.5bn ($3.5bn) Private equity firm 3i soared 2.2 per cent, or 20p, to 951.4p, thanks to strong sales across Dutch discount store Action. bid for the company in December, but it was turned down for being too low. The deal would have created one of Europe's biggest energy companies, with assets worth more than €30bn (£25bn).
Shares in IWG, formerly known as Regus, dropped 14.4% after a consortium abandoned its merger bid. Canada's Brookfield Asset Management and private equity firm Onex put in a £2.5bn ($3.5bn) bid for the company in December, but it was turned down for being too low. The deal would have created one of Europe's biggest energy companies, with assets worth more than €30bn (£25bn).