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Evening Standard
Evening Standard
Holly Williams

Ashtead set to ditch main UK listing in blow to London market

Ashtead United Kingdom United States London
Equipment rental firm Ashtead has revealed plans to switch its primary UK listing for the US in yet another blow to the London stock market Ian West/(PA) - (PA Archive)

Equipment rental firm Ashtead has revealed plans to switch its main UK listing to the US in yet another blow to the London stock market.

The FTSE 100 Index firm said the US market is the “natural long-term listing venue” for the group, given that almost all of its earnings (98%) are now made in North America and the majority of its workers and operational headquarters are also in the US.

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