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Opening Quote: Ill wind blows some good for Ashtead

Summary:
Ill wind blows some good for Ashtead. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Ashtead is one of many US-focused companies no doubt relieved that Hurricane Irma veered away from Miami at the last moment yesterday. But, unlike the insurers and real estate groups, for which the news meant only avoidance of losses, the FTSE 100 construction equipment group can hope for later gains.According to a Jefferies analyst quoted in news reports, Ashtead’s Sunbelt equipment hire business could generate m in rental revenues from rebuilding work and flood defence spending following the earlier Hurricane Harvey, plus the much needed Hurricane Irma clean-up operation. “Ashtead has 84 equipment branches in

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Ill wind blows some good for Ashtead. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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