A+ for Ashtead Group after sparkling Q1

SPARKLING first quarter results has prompted Ashtead Group, the listed parent of Warrington equipment and industrial vehicle hire group A-Plant,  to upgrade its full year expectations.

The company, which also owns Sunbelt in the US,  said rental revenues in the three months to the end of July had risen 22% to £417.7m, while profits in the period were up 33% to a record £120.4m.

Although Birchwood-based A-Plant is considerably smaller than Sunbelt, Ashtead said it "continues to perform well" and delivered t... For the full story register now for free or login below...