Ashtead: Profit down at equipment giant as revenue slows Business Equipment rental group Ashtead’s revenue grew just two per cent, and profit fell during the three-month period ending 31 July, as a construction slowdown across the US hit the company. The equipment hire giant, the FTSE 100’s 25th largest firm, reported revenue of $2.75bn (£2.1bn) for the period, up from $2.7bn (£2.06bn) in the prior [...]
Ashtead: FTSE 100 giant’s potential New York switch raises more questions for London Construction Analysts have warned that FTSE 100 giant Ashtead's potential switch to New York's stock market could strip London of one of its best-performing names, once again raising questions over its status as a trading venue for US-focused firms.
Ashtead: FTSE giant worth £24bn mulls switching listing to New York London Stock Exchange A FTSE 100 giant worth more than £24bn is reportedly exploring switching its stock market listing from London to New York in what would be a major blow to the capital's beleaguered bourse.
Hollywood writers’ strike and higher financing costs hit Ashtead’s profits March 5, 2024 The firm said growth in North America was affected by the lower level of emergency response activity related to natural disasters
Ashtead shares plummet as equipment rental firm lowers profit expectation November 20, 2023 The FTSE 100 company, which competes with the likes of United Rentals in the United States, serves construction, emergency response
FTSE 100 close: London markets falls after poor services PMI data raises risk of recession September 5, 2023 By the mid-afternoon, the FTSE 100 was trading around 0.3 per cent higher while the midcap FTSE 250 rose 0.1 per cent.
Ashtead to ‘capitalise’ on economic downturn as it hikes revenue forecasts December 6, 2022 British industrial equipment rental company Ashtead has hiked its revenue forecasts for the full year as it sails through raging inflation. The London-listed group said it has the “flexibility to capitalise on the opportunities arising from the market and economic environment we face, including supply chain constraints, inflation and labour scarcity, all factors driving ongoing [...]
Ashtead weathers pandemic storm with revenue on the up March 8, 2022 Industrial equipment group Ashtead beat market expectations for its third quarter this morning, with revenue up 23 per cent, and rentals booming 25 per cent. The owner of Sunbelt Rentals in the UK, USA and Canada made significant investment in the past year, including $1.7bn (£1.3bn) in capital in the last quarter, with 81 locations [...]
Ashtead ‘returns to growth’ with lofty shares up 143 per cent in final quarter June 15, 2021 Equipment rental group Ashtead ‘returns to growth’ with lofty shares in the final quarter after a rocky year, with its total revenue up 23 per cent to £1.27bn. Revenue raked in from rentals alone racked up to around £1bn, up 15 per cent in the three months to 30 April. While operating profits were down [...]
Ashtead sees profit fall a third as construction recovery slows September 8, 2020 Construction equipment hire firm Ashtead saw profit fall over a third in the first quarter as the coronavirus pandemic squeezed building activity around the world. Despite what it called a “resilient” performance over the coronavirus lockdown period, revenue and profit both fell in the period. Shares slipped nearly one per cent as markets opened. The [...]