London Markets: This unheralded equipment rental company has been the top U.K. blue chip of the year
The unheralded equipment rental company Ashtead is set to wrap up the year as the top performing U.K. blue chip.
Ashtead AHT, -2.03% shares have surged 75% this year.
In the fiscal first half ending Oct. 31, Ashtead adjusted earnings per share jumped 43% on 18% revenue growth. Ashtead operates Sunbelt Rentals, the second-largest rental equipment company in North America.
The FTSE 100 UKX, -0.03%, up 0.1% on Thursday, has climbed 15% this year, underperforming its major European rivals, with the French CAC 40 nearly doubling the U.K. performance.