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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 Says Finance Director Suzanne Wood Notified Intention To Stand Down
Tuesday, 6 Mar 2018 02:01am EST 

March 6 (Reuters) - Ashtead Group Plc ::SUZANNE WOOD ‍WILL BE STANDING DOWN AS GROUP'S FINANCE DIRECTOR WITH EFFECT FROM 31 MARCH 2018​.‍ SUZANNE WOOD, FINANCE DIRECTOR SINCE JULY 2012, HAS NOTIFIED GROUP OF HER INTENTION TO BE STANDING DOWN AS GROUP'S FINANCE DIRECTOR.‍MICHAEL PRATT WILL SUCCEED SUZANNE AS GROUP FINANCE DIRECTOR.​.‍MICHAEL PRATT WILL SUCCEED SUZANNE AS GROUP FINANCE DIRECTOR​.  Full Article

Ashtead Group Says Qtrly Profit Before Taxation 205.1 Million STG
Tuesday, 6 Mar 2018 02:00am EST 

March 6 (Reuters) - Ashtead Group Plc ::SAYS EXPECTS CAPITAL EXPENDITURE FOR YEAR TO BE TOWARDS UPPER END OF OUR GUIDANCE (C. £1.2 BILLION).SAYS ANTICIPATE A SIMILAR LEVEL OF CAPITAL EXPENDITURE TO THIS YEAR AS WE EXECUTE ON OUR STRATEGIC PLAN THROUGH TO 2021.SAYS ANTICIPATE FULL YEAR RESULTS TO BE LINE WITH PRIOR EXPECTATIONS..SAYS QTRLY PROFIT BEFORE TAXATION 205.1 MILLION STG VERSUS 178.7 MILLION STG.SAYS QTRLY REVENUE 916.1 MILLION STG VERSUS 804.5 MILLION STG.Q3 UNDERLYING EBITDA OF ‍408.8​ MILLION STG VERSUS. 366.9 MILLION STG AS REPORTED A YEAR AGO.  Full Article

Ashtead Group Says H1 Revenue At 1.9 Bln Stg
Tuesday, 12 Dec 2017 02:16am EST 

Dec 12 (Reuters) - Ashtead Group Plc ::INTERIM DIVIDEND 5.5 PENCE PER SHARE.H1 PRETAX PROFIT 493 MILLION STG VERSUS 413 MILLION STG YEAR AGO.H1 REVENUE 1.9 BILLION STG VERSUS 1.55 BILLION STG IN H1 2016.H1 UNDERLYING CONSTANT CURRENCY RENTAL REVENUE 1.77 BILLION STG VERSUS 1.44 BILLION STG IN H1 2016.SAYS INTERIM DIVIDEND RAISED 16% TO 5.5 P PER SHARE.COMMENCING A SHARE BUY-BACK PROGRAMME OF AT LEAST £500M AND UP TO £1BN OVER NEXT 18 MONTHS.WE EXPECT FULL YEAR RESULTS TO BE AHEAD OF OUR PRIOR EXPECTATIONS.WE WOULD ANTICIPATE THAT ACTIVITY LEVELS WOULD NORMALISE DURING SECOND HALF, POST HURRICANE CLEAN-UP.CAPITAL EXPENDITURE FOR FIRST HALF WAS £708M GROSS AND £649M NET OF DISPOSAL PROCEEDS (2016: £683M GROSS AND £631M NET).AS A RESULT, WE HAVE REVISED OUR CAPITAL EXPENDITURE GUIDANCE FOR FULL YEAR TO £1.2 - 1.3BN AT CURRENT EXCHANGE RATES.GROUP'S RENTAL FLEET AT 31 OCTOBER 2017 AT COST WAS £6.4BN. OUR AVERAGE FLEET AGE IS NOW 30 MONTHS (2016: 26 MONTHS).  Full Article

Ashtead Group Says Chairman Chris Cole To Retire
Tuesday, 12 Dec 2017 02:01am EST 

Dec 12 (Reuters) - Ashtead Group Plc ::ASHTEAD GROUP PLC - BRENDAN HORGAN WILL BE PROMOTED TO GROUP CHIEF OPERATING OFFICER WITH EFFECT FROM 1 JANUARY 2018.ASHTEAD GROUP PLC - CHRIS COLE WHO HAS BEEN CHAIRMAN OF ASHTEAD HAS NOTIFIED BOARD OF HIS INTENTION TO RETIRE FROM ASHTEAD NEXT YEAR.ASHTEAD - A PROCESS IS STARTING TO RECRUIT A NEW CHAIRMAN WITH AIM OF AFFECTING AN ORDERLY HANDOVER AT ANNUAL GENERAL MEETING IN SEPTEMBER 2018.  Full Article

Ashtead posts Q1 pretax profit of 229 mln stg
Tuesday, 12 Sep 2017 02:00am EDT 

Sept 12 (Reuters) - Ashtead Group Plc :Q1 PRETAX PROFIT 229 MILLION STG VERSUS 178 MILLION STG YEAR AGO.Q1 PRETAX PROFIT ‍228.9​ MILLION STG VERSUS 177.9 MILLION STG IN Q1 2016.Q1 UNDERLYING RENTAL REVENUE ‍828.8​ MILLION STG VERSUS 660.8 MILLION STG IN Q1 2016.Q1 ‍377​ MILLION STG OF CAPITAL INVESTED IN THE BUSINESS (Q1 2016: 328 MILLION STG).Q1 NET DEBT TO EBITDA LEVERAGE OF ‍1.7​ TIMES (Q1 2016: 1.7 TIMES).‍IT IS TOO EARLY TO ATTEMPT TO QUANTIFY IMPACT OF HURRICANES HARVEY AND IRMA ACCURATELY ON OUR BUSINESS​.‍EVIDENT THAT HURRICANES WILL RESULT IN AN INCREASE IN DEMAND FOR OUR FLEET AND WE WILL PROVIDE AN UPDATE AT END OF Q2​.‍WE EXPECT THAT IMPACT WILL HELP TO UNDERPIN CURRENT MARKET ASSUMPTIONS IN OUR 2021 PLAN​.  Full Article

Ashtead announces pricing of $1.2 bln notes
Thursday, 3 Aug 2017 01:51am EDT 

Aug 3 (Reuters) - ASHTEAD GROUP PLC ::‍PRICING OF $1.2B OF SECOND PRIORITY SENIOR SECURED NOTES​.OFFERING IS EXPECTED TO CLOSE ON 9 AUGUST 2017.‍ISSUE PRICE IS 100 PCT OF PRINCIPAL AMOUNT OF 2025 NOTES AND 100 PCT OF PRINCIPAL AMOUNT OF 2027 NOTES, RESPECTIVELY​.INTENDS TO USE NET PROCEEDS OF OFFERING TO REPURCHASE ALL OR ANY OF ASHTEAD CAPITAL'S OUTSTANDING 6.50 PCT SECOND PRIORITY SENIOR SECURED NOTES.  Full Article

Ashtead Group's Sunbelt Rentals completes acquisition of CRS Contractors Rental Supply
Wednesday, 2 Aug 2017 04:00am EDT 

Aug 2 (Reuters) - ASHTEAD GROUP PLC ::SAYS ITS NORTH AMERICAN BUSINESS, SUNBELT RENTALS, HAS COMPLETED PREVIOUSLY ANNOUNCED ACQUISITION OF CRS CONTRACTORS RENTAL SUPPLY IN CANADA.  Full Article

UK industrial equipment hire firm Ashtead buys CRS Contractors for C$275m
Wednesday, 19 Jul 2017 03:00am EDT 

July 19 (Reuters) - Ashtead Group Plc :‍Acquisition of CRS Contractors Rental Supply​.Has signed an agreement to acquire CRS Contractors Rental Supply (CRS) for an initial cash consideration of c$275m.Additional earn out of up to c$20m dependant on future performance.‍Acquisition, which is subject to certain regulatory approvals, is expected to complete in next few weeks​.  Full Article

Ashtead Group posts higher full-year profit
Tuesday, 13 Jun 2017 02:11am EDT 

June 13 (Reuters) - Ashtead Group Plc ::FY underlying rental revenue 2.9012 billion stg versus 2.2603 billion stg.FY underlying pretax profit 793.4 million stg versus 645.3 million stg year ago.‍Through period, 437 mln stg spent on bolt-on acquisitions (2016: 65 mln stg)​.‍Proposed final dividend of 22.75 pence, making 27.5 pence for full year, up 22 pct (2016: 22.5 pence)​.‍"Our markets remain good and spring has seen a good seasonal uplift in fleet on rent, with record levels of physical utilisation for this time of year"​."‍Expect a similar level of capital expenditure in 2017/18, consistent with our 2021 strategic plan"​.‍"With both divisions performing well and a strong balance sheet to support our plans, board continues to look to medium term with confidence"​.  Full Article

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

BRIEF-Ashtead Says Expect Full Year Results To Be In Line With Expectations

* EXPECT FULL YEAR RESULTS TO BE IN LINE WITH OUR EXPECTATIONS. Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)