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Pin to quick picksAshtead Group Share News (AHT)

Share Price Information for Ashtead Group (AHT)

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Share Price: 5,788.00
Bid: 5,794.00
Ask: 5,798.00
Change: 16.00 (0.28%)
Spread: 4.00 (0.069%)
Open: 5,772.00
High: 5,832.00
Low: 5,764.00
Prev. Close: 5,772.00
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LONDON MARKET PRE-OPEN: Sunbelt Helps Ashtead's Annual Earnings Rise

Tue, 18th Jun 2019 07:47

(Alliance News) - Stock prices in London are seen opening cautiously higher on Tuesday as the US Federal Reserve's highly anticipated two-day monetary policy meeting begins.In company news, Ashtead Group and Telecom Plus reported higher earnings, and Meggitt won a contract in the US. IG futures indicate the FTSE 100 index is to open 7.29 points higher at 7,364.60. The blue chip index ended up 11.53 points, or 0.2%, at 7,357.31 on Monday. The Fed, which is scheduled to meet later on Tuesday and Wednesday, is widely expected to hold interest rates unchanged this month, although it is very likely to signal a rate cut sometime in the near term.Equipment rentals firm Ashtead Group reported a strong set of annual results for financial 2019.For the financial year ended April 30, revenue rose 19% to GBP4.49 billion from GBP3.71 billion the year before, and pretax profit rose 20% to GBP1.06 billion from GBP862.1 million. The company said it continued to enjoy strong end-markets in North America and was executing well on its strategy of organic growth supported by targeted bolt-on acquisitions.Its Sunbelt unit saw US total revenue, including new and used equipment, merchandise and consumable sales, increase 20% to USD4.98 billion from USD4.15 billion. Ashtead proposed a final dividend of 33.5 pence, bringing a total payout 40.0 pence, up 21% from 33.0p in financial 2018."Our business continues to perform well in supportive end-markets. Looking forward, we anticipate a similar level of capital expenditure in 2019-20, consistent with our strategic plan. So, with our business performing well and a strong balance sheet to support our plans, the Board continues to look to the medium term with confidence," said Chief Executive Brendan Horgan.Multi utility services provider Telecom Plus said it delivered annual results for financial 2019 in line with expectations.For the year ended March 31, revenue rose 1.5% to GBP804.4 million from GBP792.9 million the year before, and pretax profit increased 4.9% to GBP43.0 million from GBP41.0 million. Adjusted pretax profit increased by 3.7% to GBP56.3 million from GBP54.3 million in 2018. The company said that in the absence of "unforeseen circumstances" it expect adjusted pretax profit for financial 2020 to be between GBP60 million and GBP65 million. Telecom Plus raised its annual dividend 4.0% to 52.0p from 50.0p last year and expects to raise its payout another 10% to 57p in financial 2020. "We anticipate the momentum that has been building within our business over the last 12 months will continue, with growth in customer and service numbers for the current year reaching 5% and 10% respectively. Whilst it is inevitably more expensive to add multi-service customers, we are hugely encouraged by the record proportion of new members choosing to switch all their services to us (which has recently been running at over 58%), with the higher investment made in acquiring them being more than offset by the length of time they are likely to remain with us, and correspondingly higher expected lifetime value," said Chair Charles Wigoder. Aerospace and defence components engineer Meggitt has signed a contract with US aircraft company Textron for the supply of fire protection systems on the Cessna Denali and Skycourier platforms. Deliveries are set to commence later this year.Chris Allen, president of Airframe Systems at Meggitt, said: "Meggitt has a longstanding relationship with Textron and we value the trust they have placed in us to deliver world-class fire protection systems."Woodford Investment cut its stake In Oakley Capital Investment to 7.35% From 19.39%. The 12% stake sold is worth about GBP55 million. Separately, Oakley Capital Investment said Non-Executive Director Peter Dubens bought 5.3 million shares at 220.0p each, worth almost GBP12 million. In the US on Monday, Wall Street ended higher, with the Dow Jones Industrial Average and S&P 500 up 0.1%, while the Nasdaq Composite closed up 0.6%.The Japanese Nikkei 225 index closed down 0.9%. In China, the Shanghai Composite is down 0.1%, while the Hang Seng index in Hong Kong is up 0.7%.The pound was quoted at USD1.2534 early Tuesday, lower than USD1.2559 at the London equities close Monday.The battle for the Conservative party crown in the UK is revving up with a fresh round of voting in the leadership stakes as Boris Johnson is due to break cover and take part in television debates.Tory MPs will vote in the second bout of the contest to select the UK's next prime minister on Tuesday ahead of a live TV debate that will feature the front-runner and former foreign secretary, Johnson.Candidates need to gain at least 33 votes from MPs to remain in the race to reach the final run-off, which will see some 160,000 Tory members select the next prime minister.If all candidates pass the 33-vote threshold, the one with the lowest total will be eliminated and by the end of the week, four of the six current riders will be forced out, leaving the final two to go head-to-head for votes from the Tory grassroots.The economic events calendar on Tuesday has eurozone inflation readings at 1000 BST and US housing starts at 1330 BST. In addition, European Central Bank President Mario Draghi and Bank of England Governor Mark Carney will speak on the second day of the ECB's annual three-day forum in Sintra, Portugal at 0900 BST and 1500 BST respectively.

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5 Sep 2023 08:57

Equipment rental firm Ashtead lowers UK rental revenue outlook, shares fall

Sept 5 (Reuters) - British equipment rental firm Ashtead Group on Tuesday lowered its annual UK rental revenue growth forecast to 6%-9% from 10% to 13% citing softening market conditions.

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5 Sep 2023 08:53

TOP NEWS: Ashtead hails US projects as profit up; lowers UK outlook

(Alliance News) - Ashtead Group PLC on Tuesday hailed mega projects in the US as it reported profit growth buoyed by momentum in North America, but lowered its rental revenue outlook for the UK.

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5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

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5 Sep 2023 07:39

LONDON BRIEFING: Strong start for Ashtead; DS Smith trading in line

(Alliance News) - Stocks in London are called lower on Tuesday, amid the latest services PMI readings.

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4 Sep 2023 10:54

Tuesday preview: Global services PMIs, Ashtead in the spotlight

(Sharecast News) - All eyes on Tuesday would be on the Asia Pacific region.

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30 Aug 2023 15:44

UK shareholder meetings calendar - next 7 days

Thursday 31 August 
Ajax Resources PLCAGM
Cairn Homes PLCEGM re adoption of Stretch CEO LITP
Carclo PLCAGM
Global Ports Holding PLCAGM
Gowin New Energy Group LtdAGM
HealthBeacon PLCAGM
Spectral MD Holdings LtdGM re Rosecliff Acquisition Corp combination
Triple Point Energy Transition PLCAGM
Watches of Switzerland Group PLCAGM
Friday 1 September 
Totally PLCAGM
Triple Point Income VCT PLCGM re voluntary liquidation
Monday 4 September 
Concurrent Technologies PLCGM re acquisition of Phillips Machine & Welding Co Inc
Tuesday 5 September 
Brickability Group PLCAGM
DS Smith PLCAGM
Iomart Group PLCAGM
Lookers PLCGM and court meeting re takeover by Global Auto
MGC Pharmaceuticals LtdGM re approval to issue SPP and shortfall options
Renold PLCAGM
Wednesday 6 September 
Alpha Financial Markets Consulting PLCAGM
Ashtead Group PLCAGM
Halfords Group PLCAGM
Mears Group PLCGM re cancellation of the share premium account
Omega Diagnostics Group PLCAGM
Severfield PLCAGM
Solid State PLCAGM
Taylor Maritime Investments LtdAGM
Yellow Cake PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Aug 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 30 August 
Flowtech Fluidpower PLCHalf Year Results
Prudential PLCHalf Year Results
Quarto Group IncHalf Year Results
TheWorks.co.uk PLCFull Year Results
Thursday 31 August 
Alfa Financial Software Holdings PLCHalf Year Results
BBGI Global Infrastructure SAHalf Year Results
Gem Diamonds LtdHalf Year Results
Gulf Keystone Petroleum LtdHalf Year Results
Grafton Group PLCHalf Year Results
Oxford Cannabinoid Technologies Holdings PLCFull Year Results
PensionBee Group PLCHalf Year Results
PPHE Hotel Group LtdHalf Year Results
Revolution Beauty Group PLCFull Year Results
Somero Enterprises IncFull Year Results
Friday 1 September 
no events scheduled 
Monday 4 September 
Ashtead Technology Holdings PLCHalf Year Results
Belvoir Group PLCHalf Year Results
Tuesday 5 September 
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Blackbird PLCHalf Year Results
Craneware PLCFull Year Results
DS Smith PLCTrading Statement
Ecora Resources PLCHalf Year Results
Eurocell PLCHalf Year Results
Gamma Communications PLCHalf Year Results
GetBusy PLCHalf Year Results
Headlam Group PLCHalf Year Results
Johnson Service Group PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
Pebble Group PLCHalf Year Results
Shearwater Group PLCFull Year Results
SigmaRoc PLCHalf Year Results
STV Group PLCHalf Year Results
Tissue Regenix Group PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Aug 2023 15:45

UK dividends calendar - next 7 days

Friday 4 August 
Burberry Group PLCdividend payment date
Bytes Technology Group PLCdividend payment date
Bytes Technology Group PLCspecial dividend payment date
CC Japan Income & Growth Trust PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
Ferguson PLCdividend payment date
Global Smaller Cos Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan European Discovery Trust PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Liontrust Asset Management PLCdividend payment date
Mitie Group PLCdividend payment date
NewRiver REIT PLCdividend payment date
Norcros PLCdividend payment date
North American Income Trust PLCdividend payment date
Palace Capital PLCdividend payment date
Premier Miton Group PLCdividend payment date
Regional REIT Ltddividend payment date
Schroder UK Mid Cap Fund PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Twentyfour Income Fund Ltddividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Vodafone Group PLCdividend payment date
Vp PLCdividend payment date
Workspace Group PLCdividend payment date
Monday 7 August 
no events scheduled 
Tuesday 8 August 
no events scheduled 
Wednesday 9 August 
National Grid PLCdividend payment date
Record PLCdividend payment date
Thursday 10 August 
abrdn New Dawn Investment Trust PLCex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Ashtead Group PLCex-dividend payment date
AstraZeneca PLCex-dividend payment date
Avon Protection PLCex-dividend payment date
Barclays PLCex-dividend payment date
BP PLCex-dividend payment date
Domino's Pizza Group PLCex-dividend payment date
Fresnillo PLCex-dividend payment date
Greencoat Renewables PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
Halfords Group PLCex-dividend payment date
Hikma Pharmaceuticals PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
IMI PLCex-dividend payment date
Impax Environmental Markets PLCex-dividend payment date
Informa PLCex-dividend payment date
IP Group PLCex-dividend payment date
Irish Residential Properties REIT PLCex-dividend payment date
Lindsell Train Investment Trust PLCex-dividend payment date
LMS Capital PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Man Group PLCex-dividend payment date
NatWest Group PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Pearson PLCex-dividend payment date
PRS REIT PLCex-dividend payment date
Quartix Technologies PLCex-dividend payment date
Reach PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Rio Tinto PLCex-dividend payment date
Safestore Holdings PLCdividend payment date
Scottish American Investment Co PLCex-dividend payment date
Segro PLCex-dividend payment date
Shell PLCex-dividend payment date
Speedy Hire PLCex-dividend payment date
Spirent Communications PLCex-dividend payment date
Standard Chartered PLCex-dividend payment date
Target Healthcare REIT PLCex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Treatt PLCdividend payment date
Tritax Big Box REIT PLCex-dividend payment date
Vanquis Banking Group PLCex-dividend payment date
Vh Global Sustainable Energy Opportunities PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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31 Jul 2023 12:04

EXECUTIVE CHANGES: RBG adds Ian Rosenblatt to board; new Tracsis chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and late last week and not separately reported by Alliance News:

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25 Jul 2023 08:25

IN BRIEF: Ashtead Group prices USD750 million in 10-year debt notes

Ashtead Group PLC - London-based US-focused industrial equipment rental - Wholly owned subsidiary Ashtead Capital Inc prices USD750.0 million in 5.95% senior notes due 2023 at 99.912% of the principal amount. The funds raised will be used to repay a portion of Ashtead's borrowings against its first priority senior secured credit facility and for general corporate purposes.

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17 Jul 2023 09:20

LONDON BROKER RATINGS: JPMorgan cuts Spectris; Berenberg likes Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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3 Jul 2023 09:37

LONDON BROKER RATINGS: Stifel cuts Croda International to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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29 Jun 2023 07:56

LONDON BRIEFING: Stocks called lower; B&M reports strong trading

(Alliance News) - Stocks in London were set to open lower on Thursday, and the dollar was on the rise, as markets digested hawkish rhetoric from central bank chiefs.

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16 Jun 2023 09:07

LONDON BROKER RATINGS: UBS lifts B&M price target to 550p from 385p

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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