Company
Ashtead Group PLC
LON:AHT
Ashtead Group is a leading provider of rental equipment with operations in the US and the UK. We provide equipment that lifts, powers, generates, moves, digs, supports, scrubs, pumps, directs, ventilates, whatever the job needs
223 stories · page 1 of 3
FTSE 100 plunges 100 points as US tariffs begin, retailers warn of higher prices
After hitting record highs yesterday, London's and Europe's blue-chip indexes are retreating sharply
FTSE 100 live: Stocks climb as new Hargreaves offer sparks financial sector rally
London's blue-chip index is rebounding to break a three-day losing streak
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FTSE 100 Live: Stocks close down but off lows as miners weigh
At the close, London's blue-chip index was down 23.12 points, 0.3%, at 7,489.84 while the FTSE 250 was up 126.28 points, 0.7%, at 18,487.53
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FTSE 100 Live: Stocks close flat but off lows as Nasdaq lifts US
At the close, London's blue-chip index was down 7.89 points, 0.1%, at 7,496.36 while the FTSE 250 closed up 31.18 points, 0.2%, at 18,599.05
Will Ashtead Group join London exodus?
Ashtead made over 80% of its revenues in the US last year
FTSE 100 closes lower after construction PMI survey collapses to a three-month low
At the close, the FTSE 100 had lost 46 points to finish at 7,521 points
Ashtead maintains profit guidance as rising interest costs offset strong rental growth
The construction equipment hire group opened 33 new sites in North America, including a dozen acquisitions
Ashtead results to give reading of US economic health
Boss Brendan Horgan has predicted revenues would grow 12-14% this year, led by the US and Canada with the UK shrinking slightly
Ashtead Group ups dividend as profits rise on back of strong rental income
"We are well positioned to navigate the challenges and capitalise on the opportunities arising from the market circumstances we face," the CEO said
Ashtead and Ferguson to provide window on US economy
Housebuilders Bellway and Crest Nicholson and online property group OnTheMarket will also provide insights on the housing market
Lovely jubilee: stocks that have stayed the course in the new Elizabethan age
What stocks might Queen Elizabeth II have had in her personal investment portfolio when she became queen that could still be in the portfolio now?
Guild Esports rises as it adds experienced board members
A look at some of the major movers in London on Tuesday
Ashtead raises guidance after splashing out on investment
Acquisitions have added 81 locations in North America as boss Brendan Horgan said the group "takes advantage of the ongoing structural growth opportunity that we continue to see"
Here come the FTSE 100 Christmas crackers - and the turkeys
A look at some of the winners and losers over the year in the leading index
Ashtead sees full-year ahead of forecasts after record interims
Rental revenue surged by 20% to US$3.54bn in the first half compared with last year and was 14% higher than the same period in pre-pandemic fiscal 2019/20
Ashtead revenues bounce back as US economy starts to reopen
Cash flow generated was a record for the US-focused group at £1.38bn
Ashtead upped to ‘buy’ as Deutsche Bank highlights game-changing specialty business
The bank said the specialty segment offered “less cyclical, more defensive revenue streams" for the equipment rental firm, adding that the business also "plays in large and underpenetrated markets”
Ashtead raises guidance after first-half profits fall less than expected
Second-quarter revenue fell 1% and underlying pre-tax profit was down by 7% compared to declines of 6% and 38% respectively in the first quarter
Ashtead Group higher as Berenberg upgrades its rating to 'hold' from 'sell'
"The shares have been impervious to bad news and Ashtead’s shares have enjoyed one of the sharpest re-ratings of any stock in the support services sector"
Ashtead reports record quarterly cash flow despite plunging profits
The equipment hire group has resumed new ‘greenfield’ site openings in the quarter
Builders and building materials
Ashtead rises alongside other construction firms as Trump weighs Keynesian solution to economic crisis
The US president is mulling a US$1 trillion infrastructure spending package to boost the American economy
Ashtead keeps dividend unchanged as fourth-quarter profits halve due to pandemic
A proposed final dividend of 33.5p is the same as was declared a year ago
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FTSE 100 closes nearly 3% higher as US spending plans cheer markets
Yesterday, the blue-chip benchmark closed down around 40 points at 6,064 as traders fretted about a second spike of coronavirus but today, Footsie finished up over 178 points, or 2.94% at 6,242.
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Ashtead hopes to maintain recovery in spite of pandemic; UK unemployment to remain troubling
Full-year results will also arrive from the likes of Braemar Shipping Services, Checkit, and Telecom Plus
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FTSE 100 closes in red as markets still jittery about second wave
Britain's blue-chip benchmark finished down over 40 points at 6,064 on Monday
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Coming week to see results from construction, oil services, retail and utility sectors; BoE meeting eyed
Companies scheduled to report in the week include Boohoo, Ashtead, SSE, National Grid and Berkeley Group
Ashtead rolls lower after RBC downgrade on US recovery uncertainty
Analysts said “the size and shape of a recovery is uncertain”, with the company heavily focused on the US
Ashtead sees signs of stability but still slashes spending
Ashtead has halted its £500mln share buyback programme for 2020/21 to bolster its cash position
Ashtead warns construction markets "moderating", plans to rejig UK business
The core North American end market remains “supportive” but it is a “moderating growth environment”, says chief executive Brendan Horgan
Ashtead upgraded to ‘overweight’ by Morgan Stanley on data center construction opportunity
The US investment bank’s analysts upped their target price for the FTSE 100-listed equipment rentals firm to 3,000p from 2,420p
Ashtead shares sink on US construction concerns, despite good growth in North American business
The construction equipment rental reported “good profit growth in the US, a more moderate improvement in Canada as we invest in the business and a drag from weakness in the UK”
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FTSE 100 closes in red but off earlier lows as trade deal hopes glimmer
The UK index of leading shares finished around 20 points in the red, at 7,213 on the day
UK growth data to be a focus, while Ashtead's interims will offer US construction health-check
Tuesday is also short-term indicator day with the release of UK trade data, and industrial and manufacturing production figures
Ashtead drops despite playing down US construction worries
Net debt swelled to £5.2bn from £3.8bn during the quarter to end-July
Ashtead hikes dividend as strong US revenue lifts profits
Chief executive Brendan Horgan said the board "continues to look to the medium term with confidence"
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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
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Fourth quarter numbers from Ashtead hopefully haven’t got bogged down
Aside from FTSE 100-listed Ashtead's latest news, the Day Ahead will also bring updates from mid-cap firms Telecom Plus and Safestore
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Federal Reserve rate decision to dominate in week ahead, with BoE meeting likely to be dull
The corporate diary is fairly sparse, but there are some bright spots, notably updates from refocused blue chip hotels group Whitbread and housebuilder Berkeley Group
Ferguson jumps as US fund manager Trian reveals it has a amassed a near 6% holding in the plumbers’ merchant
“Trian believes that Ferguson is an attractive business that trades at a discount to comparable US peers,” said the US group, which is run by veteran activist investor Nelson Peltz
Ashtead could be the next company sunk by record US rainfall
Since the start of 2019, areas of the US have been enduring multiple months of flash flooding as torrential rainfall has engulfed large portions of the Midwest and the South
Ferguson unveils buyback as softer US sales disappoint
Revenue growth softened to 6.2% in the third quarter from 8.2% in the first half of the year.
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FTSE 100 closes lower ahead of the Easter weekend
The UK's premier stock index finished down around 11 points at 7,459
Ashtead Group reveals revenue and profit growth but spending is at top end
Chief executive Geoff Drabble said: "We expect full year results to be in line with our expectations and the board continues to look to the medium term with confidence."
Investments and investor services
FTSE 100 closes higher despite lack of catalysts
Footsie finished up around 49 points at 7,183, while the FTSE 250 finished up nearly 32 points at 19,443
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Direct Line to report higher 2018 profits despite large weather-related claims
The day ahead includes full year results from Direct Line and GVC along with a trading update from Ashtead
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Insurance will be the corporate key in coming week, though US jobs data should be biggest draw
The Week Ahead brings updates from the likes of Aviva, Direct Line, L&G and Admiral, while investors can also bet on Paddy Power Betfair and GVC Holdings
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Ashtead Group boosted by UBS upgrade to ‘neutral’ from ‘sell’ on valuation grounds after big de-rating
The Swiss bank also raised its price target for the FTSE 100-listed firm to 1,800p from 1,700p, with the stock currently changing hands at 1,814.50p, up 3.5% on Monday’s close
How RBS’s management team can achieve a FTSE 100 first in 2019
Never in the FTSE 100's 34-year history has a blue-chip company had women filling the top two executive roles
Sterling slump: Who’s benefitting?
On Monday, fresh Brexit volatility pushed the pound to a yearly low against the dollar but despite the turmoil, some firms are profiting handsomely
FTSE 100 consolidates gains as Wall Street roars ahead
The jobs and earnings data has lit a fire under the Footsie. Trade talks between the US and China have also aided sentiment
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Brexit shunted from Tuesday agenda at last-minute
Rather than uncertainty surrounding a Brexit deal on Tuesday, the Prime Minister appears to have thrown a new spanner in the works by delaying the vote
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All eyes on UK parliament as Brexit deal circus reaches final act
Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
Ashtead profits soar on growing demand in equipment rental market
The British equipment rental group also announced plans to increase and extend its current share buyback plans
FTSE 100 stays in red at close as Brexit deal confidence wanes; trade fears persist
The UK bluechip index fell 25 points to 7,253 around 3.50pm
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UK jobs and wages in focus given upcoming Bank of England policy meeting
Aside from the latest UK labour market data, Tuesday will also bring corporate updates from the likes of Ashtead Group, JD Sports Fashion, and Cairn Energy
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Heatwave may help or hurt sales at Wetherspoons, JD Sports, Primark and Dunelm
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead