Stock Market News
Ashtead on track to meet full-year expectations
Equipment rental group Ashtead said its business was performing well and that it was on track to meet expectations for annual profit.
The US-focused FTSE 100 outfit, whose financial year runs to the end of April, published a brief trading update to coincide with an investor event in New York.
Ashtead said: "The group has continued to perform well in the fourth quarter of the current financial year and we expect full year results to be in line with our expectations."
Chief executive Geoff Drabble and his team will brief investors on its North American business, Sunbelt Rentals, focusing on markets beyond the construction sector. A visit to a Sunbelt site on Long Island will be used to show how bolt-on acquisitions are part of Ashtead's growth plans.
On 6 March Ashtead reported a 21% increase in rental revenue to £2.6bn for the nine months to the end of January, helped by work supporting the clean-up after US Hurricanes. Underlying pre-tax profit rose 24% to £742m on a constant currency basis.
The US-focused FTSE 100 outfit, whose financial year runs to the end of April, published a brief trading update to coincide with an investor event in New York.
Ashtead said: "The group has continued to perform well in the fourth quarter of the current financial year and we expect full year results to be in line with our expectations."
Chief executive Geoff Drabble and his team will brief investors on its North American business, Sunbelt Rentals, focusing on markets beyond the construction sector. A visit to a Sunbelt site on Long Island will be used to show how bolt-on acquisitions are part of Ashtead's growth plans.
On 6 March Ashtead reported a 21% increase in rental revenue to £2.6bn for the nine months to the end of January, helped by work supporting the clean-up after US Hurricanes. Underlying pre-tax profit rose 24% to £742m on a constant currency basis.
Related share prices |
---|
Ashtead Group (AHT) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price