Ashtead to ‘capitalise’ on economic downturn as it hikes revenue forecasts upbeat rentals 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 ASHTEAD 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 Ashtead 'returns to growth' with lofty shares up 143 per cent 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 [...]
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 [...]