ADRs End Lower; Imperial Brands, Veolia Among Companies Actively Trading

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By Kimberly Chin


International stocks trading in New York closed lower on Wednesday. The S&P/BNY Mellon index of American depositary receipts fell 0.4% to 158.16. The European index dropped 0.3% to 141.02. The Asian index declined 0.6% to 210.42. The Latin American index decreased 0.5% to 185.58. And the emerging-markets index slipped 0.1% to 347.90.

Imperial Brands PLC’s ADRs, which trade over the counter, tumbled 3.3% after the tobacco company said Wednesday that it expects to report that fiscal 2021 net revenue grew by around 1% on an organic, constant-currency basis, and that this is driven by a continued strong pricing in tobacco.

ADRs of Veolia Environnement SA, which trade over the counter, fell 3.2% on Wednesday after the company said it has closed a capital increase of 2.51 billion euros ($2.91 billion) to partly fund its takeover of Suez SA after strong demand from investors.

Swisscom AG’s ADRs, which trade over the counter, fell 2% on Wednesday after a Swiss court rejected the company’s appeal regarding the development of its optical-fiber network, the company said late Tuesday. Swisscom said the ruling will delay optical-fiber expansion in the country.


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(END) Dow Jones Newswires

October 06, 2021 18:34 ET (22:34 GMT)

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