Reported 1 day ago
Construction equipment rental giant Ashtead Group Plc plans to shift its primary listing from London to the US, marking a setback for the UK stock market already experiencing a decline. The company cites North America as its main revenue source and anticipates the transition will take 12 to 18 months. This move follows a trend of other UK firms seeking better liquidity and valuations in New York, raising concerns about London's reputation as a favorable listing location.
Source: YAHOO