Ashtead Group shares leap after ‘resilient’ lockdown performance June 16, 2020 Ashtead Group shares shot up this morning, as it announced it has has maintained its dividend to shareholders, despite profit having halved in the most recent quarter as the company battled the effects of the coronavirus pandemic. Shares in the construction equipment rental group rose 12 per cent this morning as it hailed a “resilient” [...]
Ashtead’s UK profit tumbles amid ‘challenging’ market December 10, 2019 Equipment hire giant Ashtead has bemoaned a “challenging” UK market, in which its home A-Plant business has seen profits shrink nearly a third in the first half of the year. The FTSE 100 company enjoyed a six per cent overall rise in profit, owing to a strong performance in its core US unit, called Sunbelt, [...]
Ashtead profits jump as it cashes in on demand for leasing industrial equipment September 10, 2019 Equipment rental firm Ashtead enjoyed a profit boost of nearly a tenth over the summer, as its US business Sunbelt cashed in on higher demand for leasing industrial gear. The FTSE 100 company has reaped the benefits of construction firms choosing to rent equipment instead of buying in recent years. Read more: Ashtead investors tread [...]
ii Winter Portfolio doubles after fifth market-beating year May 22, 2019 | City Talk After an amazing fifth winter, our portfolio almost doubles in value and beats all the global indices, proving that international investors are wrong to ignore UK stocks. It also proves it is possible to time the market. Five years ago, our interest was piqued by a stock market phenomenon that promised consistent market-beating returns year [...]
ii winter portfolios extend outperformance in March April 17, 2019 | City Talk There are fewer star performers in this year's Aggressive Winter Portfolio – that was until March when no less than three of the five constituents each gained around 8%. Ignore Mark Twain and Benjamin Disraeli, statistics demonstrate that some stocks do far better during the winter months than others. And the stats are backed up [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Ashtead investors tread carefully as net debt rises at industrial equipment rental firm March 5, 2019 Shares in industrial equipment giant Ashtead group fell two per cent on Tuesday morning as it announced ballooning net debt in its third-quarter update. The firm, which rents out heavy machinery, did however increase revenue by one-fifth and maintained its expectations of full-year results later in 2019. Read more: Ashtead bullish on beating full-year expectations [...]
Ashtead chief executive to step down next May, replaced by chief executive of US arm November 29, 2018 Industrial equipment rental company Ashtead’s shares were up 5.7 per cent this morning as it announced chief executive Geoff Drabble is to step down in May after nearly 12 years in charge. Chief operating officer Brendan Horgan, who is also chief executive of the group’s North American business Sunbelt Rentals, will succeed Drabble on 1 May. [...]
Building revival helps Ashtead to raise forecast September 3, 2014 BRITISH industrial equipment hire group Ashtead yesterday raised its full-year guidance after posting a 33 percent rise in first-quarter pre-tax profits on strong demand from the United States and the UK. Chief executive Geoff Drabble said he now anticipated the company’s full year results would be ahead of previous expectations and increased its plans for [...]
Ashtead thanks recovering construction markets for record profits September 3, 2014 As the housebuilders surf the wave of rising house prices, so too does Ashstead, supplier of construction tools. The company, which rents plant machinery and other tools to the construction industry, released its first quarter results today, showing record rises in pre-tax profits and revenue, enough to encourage an upward adjustment of expected full-year results. Profit [...]