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Ashtead Group PLC (AHT.L)

AHT.L on London Stock Exchange

1,894.00GBp
15 Dec 2017
Change (% chg)

-28.00 (-1.46%)
Prev Close
1,922.00
Open
1,921.00
Day's High
1,926.00
Day's Low
1,889.00
Volume
2,817,865
Avg. Vol
2,026,938
52-wk High
2,118.00
52-wk Low
1,476.00

Latest Key Developments (Source: Significant Developments)

Ashtead Group Says H1 Revenue At 1.9 Bln Stg
Tuesday, 12 Dec 2017 

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 

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 Group sees H1 results in line with view
Thursday, 13 Oct 2016 

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 

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 

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

UPDATE 1-Ashtead starts share buyback, lifts full-year forecast

Dec 12 British industrial equipment hire group Ashtead Group Plc launched a share buyback programme of up to 1 billion pounds ($1.33 billion) as it lifted its forecast for annual results due to hurricane clear-up activity in the United States.