Ashtead, the FTSE 100 industrial rentals firm, backed London as the main trading venue for its shares today as it reported a surge in earnings of $1.1 billion (£0.9 billion), mainly made in the US.
The 20% rise in profit came from revenue of $2.4 billion, also up by a fifth, with 90% of Ashtead’s business now coming from across the Atlantic, where it trades as Sunbelt Rentals.
