Ashtead Group's Profits Dip, Despite New Initiatives

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.