Ashtead launches buyback amid FTSE 100 departure

FTSE 100 giant Ashtead has launched a $1.5bn (£1.2bn) share buyback after announcing yesterday it would be switching its primary listing to the US. In a stock exchange notice today, the construction equipment firm said it had entered into an agreement with Barclays to buy back up to 65m shares over the next 18 months. [...]