BUZZ-Ashtead: Top of the FTSE on United Rentals read
(Amends index in par 5 (Industrial Goods & Services))
** Equipment rental co Ashtead's shares up 4.4 pct at 1-yr high and top of the FTSE, after US peer United Rentals reports wide Q2 beat overnight
** United Rentals (NYSE: URI - news) reported Q2 adjusted EPS of $2.06 vs consensus $1.82, revenue of $1.421 bln vs consensus $1.4 bln; shares rose 9 pct in after-market trade
** Stifel analysts say key takeaway from United Rentals release is improved confidence in US rental rates, which has been a key bear concern on both companies (Ashtead operates under brand "Sunbelt" in North America)
** Ashtead closely tracks United Rentals' results, latter's warning in April hit former's shares despite its own positive update
** Ashtead second-largest gainer on the Stoxx 600 Industrial Goods and Services Index, near the top of the Stoxx 600 (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)