Ashtead launches buyback amid FTSE 100 departure Markets FTSE 100 giant Ashtead has launched a $1.5bn (£1.2bn) share buyback after announcing yesterday it would be switching its primary listing to the US. In a stock exchange notice today, the construction equipment firm said it had entered into an agreement with Barclays to buy back up to 65m shares over the next 18 months. [...]
FTSE 100 giant Ashtead set to switch primary listing to the US Business FTSE 100 firm Ashtead has revealed plans to switch its primary listing to the US in the latest blow to the London Stock Exchange after a flood of exits this year. After months of speculation, Ashtead, which leases heavy machinery to the construction industry, said on Tuesday that the US market was its “natural long-term [...]
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: Equipment firm looks to manage expectations ahead of results September 1, 2024 Expectations have been kept low for equipment hire specialist Ashtead Group as it reports its first quarterly results of the firm’s fiscal year on Tuesday. The FTSE 100-listed firm has seen its shares slump 12 per cent from the two-and-a-half-year highs it reached in the spring. It had been one of the big beneficiaries of [...]
Ashtead: FTSE 100 giant’s potential New York switch raises more questions for London June 10, 2024 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 June 9, 2024 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 [...]