Ashtead weighs switch to US listing in latest blow to London market

Investment Week

The potential plans are still in their early stages, according to The Telegraph, but a review is being conducted due to board-level concerns about the pay disparity between the group and its publicly listed American counterparts. The FTSE 100 giant, which has a market cap of over £24bn, currently conducts the majority of its business on the other side of the Atlantic. A spokesperson for the firm told Investment Week: “Ashtead reviews its capital structure regularly, including its domicile, recognising the fact that 90% of its business is in the US.” Superdry proposes delisting from…

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