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Stock impact report

Ashtead to Move Primary Listing to US in New Blow to London [Yahoo! Finance]

ASHTED GRP PLC UNSP/ADR (ASHTY) 
NASDAQ:AMEX Investor Relations: ashtead-group.com/investorcentre/default.aspx
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect Cloud Computing Tax Threatens Chicago's Silicon Valley Ambitions NYC's Run-Down Bus Terminal Gets Approval for $10 Billion Revamp Kansas City Looks Back on its Long, Costly Ride With Microtransit The US is “the natural long-term listing venue for the group,” according to a statement from Ashtead, which reports in dollars and gets almost all its operating profit from North America. It's a fresh blow for London's capital markets, which have seen a number of big companies — including CRH Plc and Flutter Entertainment Plc — choose to switch their main listings to New York. Last year, chipmaker Arm Holdings Plc decided to go public in New York rather than London, hurting the UK's reputation as a listing location for internationally-focused companies. Ashtead has been taking steps since the summer to prepare shareholde Show less Read more
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