16 July 2026 - 428.5p trading update
Ashtead Technology, the leading provider of subsea solutions to the offshore global energy sector, has issued a trading statement covering the six months to 30 June. Despite challenging market conditions, the group managed to increase revenues to just over £100m, albeit a rise of only 1%, although margins have declined slightly due to more lower margin business during the period. The second half is expected to see a recovery in margins as usual during the busier part of the year. The company has also announced that it has acquired Seadraulics, a small business . . .
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