Ashtead Group plans to move its primary stock listing from London to the US due to its profit sources.

Ashtead Group, a UK-based equipment rental company with major operations in the US, plans to shift its primary stock listing from London to the US due to 98% of its profits coming from North America. This move follows profit warnings due to a weak construction market and higher interest rates impacting used equipment sales and depreciation costs. The decision marks another departure from the London Stock Exchange and will be discussed with shareholders before a formal vote.

4 months ago
28 Articles