FTSE group Ashtead to shift primary listing to New York in blow to UK
by Kalyeena Makortoff from US news | The Guardian on (#6STQH)
Construction rental group has been listed in London since 1986 but makes nearly all its profits in the US
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.
Continue reading...