Ashtead Group's Profits Dip, Despite New Initiatives
Update: 2025-12-09
Description
Ashtead Groups half-year profits slightly miss expectations due to structural changes and reduced demand from hurricane clean-up activities. The company plans to tap into US investor capital by listing on the US stock market and selling off non-core assets. Despite economic slowdowns, Ashtead remains optimistic about its long-term growth strategy, with a new share buyback program and reaffirmed profit expectations for the year.
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