(Reuters) -UK tools rental agency Ashtead (LON:) stated on Tuesday that it expects annual revenue to come back in beneath earlier expectations and that it plans to shift its major itemizing from London to the US, its largest market.
Ashtead stated it will talk about the proposal with shareholders and expects the plan to be applied within the subsequent 12-18 months.
It stated it will retain a UK itemizing.
The corporate stated adjusted pre-tax revenue fell 2% to $682 million for the three months ended Oct. 31, harm by greater depreciation prices and decrease used-equipment gross sales amid weak spot in industrial building market in North America.
