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LONDON-As shares in serviced office operator Regus continued to plunge on the London Stock Exchange, rival operator MWB has attempted to distance itself from Regus’s problems. Regus shares closed Wednesday night at 54.5p, down from an opening price of 161p on Tuesday morning.

Marylebone Warwick Balfour moved to avoid any collateral damage, by emphasising that its MWB Business Exchange venture – in which it holds a stake of just over 63 % – accounted for little more than a quarter of its overall business. But in a Stock Exchange statement it said the division was ‘performing in line with expectations.’

MWB Business Exchange does not have any US or Asian operations, and 50% of its workstations are in London and Paris. Current average occupancy levels in these markets are at 80%. Chief Executive Richard Balfour-Lynn said: ‘We have been aware of the potential for a global economic slowdown and our business plan has for some time taken account of a more challenging environment.’

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