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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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.