Ashtead Group plc said its Board has concluded that moving to a US primary listing, while retaining a UK listing in the International Companies segment, is in the best interests of the business and its stakeholders. Over the coming weeks, the Board will discuss this proposal with shareholders before putting forward a formal resolution for approval for a move to a US primary listing at a general meeting in due course. The Board expects that the necessary steps would be implemented over the next 12-18 months.
Ashtead stated that it is substantially a US business, reporting in US dollars, with almost all the Group's operating profit derived from North America, which is also the core growth market for the business.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.