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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

FTSE group Ashtead to shift primary listing to New York in blow to UK

Ashtead United Kingdom New York United States London London Stock Exchange
City of London skyline
Ashtead has been listed on the London Stock Exchange since 1986. Photograph: Mike Kemp/In Pictures/Getty Images

Ashtead Group, the £27bn construction rental company, plans to shift its primary listing to New York in the latest blow to the London stock market.

The company, which has been listed on the London Stock Exchange (LSE) since 1986, said the US was a natural home for the company, given that nearly all of profits – about 98% – are made across the Atlantic.

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