The industrial equipment rental group weathered the pandemic by providing gear for pop-up coronavirus testing stations and online shopping warehousesAshtead has returned to growth thanks to a pickup in orders as the economic recoveries in the United States and Britain gather pace. The industrial equipment rental group said its turnover grew by 23 per cent in the three months to the end of April, the fourth quarter of its financial year. SponsoredAlthough Covid-19 would continue to cast a shadow, Ashtead said its main markets would continue to recover as vaccination programmes progress. The company, which is among the best performers on the FTSE 100 over the past decade, expects sales to increase by between 6 per cent and 9 per cent this year. In the UK, it is targeting growth of between 5 per cent and 8 per cent, with its Canadian offshoot expected

Source: The Times June 15, 2021 11:03 UTC