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STOCKS NEWS EUROPE-Regus hits 52-wk high on div, net cash

Tue Aug 25, 2009 8:35am EDT

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Shares in Regus (RGU.L) rise more than 10 percent to a 52-week high after the office rental company boosts its interim dividend by a third and says its net cash has risen 8.7 percent.

Panmure Gordon analyst Mike Allen, who has a "hold" rating on the stock, says investors are feeling confident about Regus' better-than-expected cash position, which "ensures it is at least financially strong to cope with current pressures."

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Reuters messaging rm://shivani.singh.thomsonreuters.com@reuters.net



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