Regus looks to global growth

City A.M. Reporter
REGUS, which rents out business lounges and meeting rooms for as short as half a day, reported an 18 per cent rise in first-quarter revenue on growing demand from companies looking to cut costs.

Group revenue rose to £356.9m in constant currency terms.

The company, which has weathered the downturn in the UK commercial property market by expanding globally, said in March it expected to add at least 350 centres this year, mostly in the Unites States and Asia.