ADRs End Higher; Shire Rises
12 Luglio 2016 - 11:54PM
Dow Jones News
By Tess Stynes
International stocks trading in New York closed higher on
Tuesday.
Shire PLC (SHPG, SHRS.LN) was among the companies with ADRs that
traded actively.
The BNY Mellon index of American depositary receipts rose 1.4%
to 125.19. The European index increased 1.6% to 121.76, the Asian
index improved 1.2% to 134.85, the Latin American index rose 1.3%
to 191.32 and the emerging markets index edged up 0.8% to
240.87.
Shire's ADRs rose 4.8% to $195.31 a day after the U.S. Food and
Drug Administration approved the pharmaceutical company's new
dry-eye drug, Xiidra.
Aegon NV (AEG, AGN.AE) said market turmoil caused by the U.K.'s
vote to leave the European Union will lead to a
higher-than-expected loss on the sale of its U.K. annuity
portfolio. Still, ADRs of the Dutch insurance group rose 2.1% to
$3.85 amid the broader market upturn.
Amec Foster Wheeler PLC (AMFW, AMFW.LN) said Tuesday it has been
awarded two long-term services contracts as part of Repsol Sinopec
Resources U.K.'s long-term transformation and commitment to the
North Sea. ADRs of Amec Foster Wheeler rose 5.9% to $6.25.
The Canadian subsidiary of Cnooc Ltd. (CEO, 0883.HK) said
Tuesday it would idle a troubled oil-sands facility following two
accidents at the site, a move that raises questions about the
Chinese company's $15 billion investment in Canadian oil sands.
Nexen Energy ULC, the Cnooc subsidiary, had already cut its
oil-sands production after a July 2015 pipeline leak and then again
after an explosion at its Long Lake crude-processing unit in
northern Alberta, which killed two workers in January. ADRs of
Cnooc Ltd. (CEO, 0883.HK) rose 1.6% to $127.04.
Food retailers Delhaize Group (DEG, DELB.BT) and Koninklijke
Ahold NV (AH.AE) said Tuesday they expect to complete their roughly
$31 billion tie-up by the end of July, subject to U.S. Federal
Trade Commission approval. The companies announced their merger
plan in June last year to create one of the largest grocery chains
in the U.S. and Europe, with more than 6,500 stores and 375,000
employees. ADRs of Delhaize rose 17 cents to $27.65.
Qatar Airways Tuesday said it plans to take a stake of as much
as 10% in LATAM Airlines Group SA (LFL, LAN.SN) as it continues to
expand its investment in other carriers. Qatar Airways chief
executive Akbar Al Baker said the airline would invest $613 million
in the struggling Latin American carrier, which has been hit by
weak local demand. ADRs of LATAM Airlines rose 10% to $7.63.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
July 12, 2016 17:39 ET (21:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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