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Ashtead Group PLC (AHT.L)

AHT.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ashtead Group buys U.S.-based Pride Equipment Corp for $279 mln
Monday, 3 Apr 2017 02:00am EDT 

Ashtead Group Plc : Ashtead Group Plc: acquisition of pride equipment corporation .U.S. business, Sunbelt Rentals, has acquired Pride Equipment Corporation for a cash consideration of $279 mln.  Full Article

Ashtead group plc posts Q3 underlying EPS 23 pence
Tuesday, 7 Mar 2017 02:00am EST 

Ashtead Group Plc : Q3 underlying profit before tax 178.7 million stg versus 139.1 million stg year ago . Nine-month group ROI 18 percent versus 19 percent year ago . Expect capital expenditure this year to be towards upper end of our guidance c. £1.2bn . Q3 group rental revenue 729.2 million stg versus 546.9 million stg year ago . Expect full year results to be in line with expectations . Q3 underlying earnings per share 23 pence versus 18 pence per share year ago .Board continues to look to medium term with confidence.  Full Article

Ashtead Group hikes annual results forecast
Tuesday, 6 Dec 2016 03:27am EST 

Ashtead Group Plc : First half underlying pre-tax profit 2 of 426 million stg, up 9 percent at constant exchange rates . H1 group rental revenue up 13 pecent . Interim dividend raised 19 percent to 4.75p per share (2015: 4.0p) . In six months, reported results were positively impacted by weaker sterling (53 million stg) but this was partially offset by impact of lower gains on fleet disposals . Group revenue increased 22 percent to 1,552 million stg in first half (2015: 1,267 million stg) . Level of capital expenditure is towards upper end of our expectations at this stage of year for 2016/17. . Unaudited results for half year and Q2 ended 31 October 2016 . Both divisions continue to perform at upper end of expectations . Expect full year results to be ahead of our expectations and board continues to look to medium term with confidence . Revised our capital expenditure guidance for full year to 1-1.2 billion stg at current exchange rates .Interim dividend 4.75 penceper share.  Full Article

BRIEF-Ashtead Group buys certain Hewden assets for 29 mln stg in cash
Tuesday, 22 Nov 2016 07:09am EST 

Corrects headline to "Hewden assets" from "EY assets".Ashtead Group Plc : Has today acquired certain assets from EY, administrator of Hewden, for a cash consideration of 29 mln stg . Number of Hewden's employees will be joining A-Plant business .Assets acquired include powered access and power generation fleet of Hewden, materials handling business and Hewden brand name.  Full Article

Ashtead Group sees H1 results in line with view
Thursday, 13 Oct 2016 02:04am EDT 

Ashtead Group Plc : Both divisions have continued to perform well in q2 of current financial year .We expect first half results to be in line with our expectations.  Full Article

UK's CMA says considering if Ashtead Plant Hire-Lion Trackhire deal would hurt competition
Friday, 1 Jul 2016 07:16am EDT 

Competition And Markets Authority(CMA):UK's CMA says considering whether anticipated acquisition by Ashtead Plant Hire Company Limited of Lion Trackhire Ltd would hurt competition.  Full Article

Ashtead says to buyback shares worth up to 200 mln stg
Thursday, 16 Jun 2016 06:41am EDT 

Ashtead Group Plc : Has entered into an arrangement with Barclays Bank Plc, acting through its investment bank . Arrangement allows Barclays to purchase, together with any other ordinary shares in co purchased on co's behalf pursuant to its buyback programme . Aggregate purchase price under this arrangement will not exceed 200 million pounds .Maximum price paid be limited to be no more than 105 percent average middle market closing price of co's shares for 5 business days before purchase is made.  Full Article

Ashtead Group PLC recommends final dividend
Tuesday, 16 Jun 2015 02:00am EDT 

Ashtead Group PLC:Recommending final dividend of 12.25 pence per share (2014: 9.25 pence) making 15.25 pence for year (2014: 11.5 pence).If approved at forthcoming AGM, final dividend will be paid on Sept. 4 to shareholders on the register on Aug. 14.  Full Article

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UPDATE 1-British equipment hire firm Ashtead results on track after Q3 profit rise

March 7 Britain's Ashtead Group Plc stuck by its annual earnings forecast on Tuesday as strong growth in the industrial equipment hire company's main North American market and a weaker British pound helped it to an 8 percent rise in third-quarter profits.