Regus mad for Madagascar
Office space provider Regus has opened a business centre in Madagascar, bringing up to 95 the number of countries in which it operates.
Office space provider Regus has opened a business centre in Madagascar, bringing up to 95 the number of countries in which it operates.
The centre is at the Explorer Business Park at Ankorodrano, in the north of the capital, Antananarivo, one of the island's prime business districts.
The company is planning to expand rapidly in Africa, hoping to capitalise on companies from the "old world" seeking to do likewise.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Any business that wants to grow needs to find new markets, and Africa is an important development market for companies of all sizes," claimed Mark Dixon, Chief Executive Officer of Regus.
Shares in the office space supplier were down 1.35p at 95.8p in early trading after the announcement of the new business centre in Madagascar. The stock has, however, had a good run recently, and are up 13% or so over the last month. Last week Panmure Gordon downgraded the shares to "hold" after the stock's relative out-performance versus the sector.
jh
-
What are my retirement income options?We’re all told to save into a pension, but there’s widespread confusion about how to take an income from our savings and investments at retirement, a new study has found. We look at your retirement income options.
-
UK interest rates: will the Bank of England lower rates?The Bank of England’s Monetary Policy Committee’s (MPC) final interest rates meeting of the year takes place tomorrow (18 December) and most experts expect a cut
