ASHTF Stock Recent News

Ashtead Group PLC (LSE:AHT), the industrial equipment provider, is considering joining the London exodus by switching its listing to the US, according to reports.  Board members at the FTSE 100 group are concerned that the company, which operates largely in the States, is trading a "significant" valuation gap to that of its US rivals, the Sunday Telegraph revealed.

Ashtead Group PLC (LSE:AHT) fell over 8% in early trading after the industrial equipment rental firm said slow third-quarter trading meant revenue growth would be at the low end of expectations. Rental revenue growth in North America was constrained by longer-than-expected strikes by actors and writers, the FTSE 100 firm said in an update, alongside lower emergency response activity to natural disasters.