Ashtead slumps 12% as guidance cut clouds listing switch news
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Ashtead Group PLC announced plans to switch its primary listing to the US, but disappointing results overshadowed the news, causing shares to drop 12.4%.
December 10, 2024 | 12:00 pm
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Ashtead Group PLC's announcement of switching its primary listing to the US was overshadowed by poor financial results, leading to a 12.4% drop in share price.
The significant drop in Ashtead's share price is directly linked to the disappointing financial results, which overshadowed the positive news of a US listing switch. This indicates a negative short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100