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Ashtead Group

  • 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 [...]

  • 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 [...]

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