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
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 4 of 12
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
Archive
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.
Archive
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
Archive
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
Archive
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”
Archive
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"
Archive
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
Archive
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
Archive
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