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 [...]
Ashtead soars as it reaps the rewards of American recovery March 4, 2014 EQUIPMENT rental firm Ashtead soared to the top of the FTSE 100 yesterday, after it unveiled a 54 per cent rise in third-quarter profit and lifted its full-year guidance. The company, which makes 85 per cent of revenues from its US division Sunbelt, reported pre-tax profit of £80.4m, with revenue up 22 per cent to [...]