ADRs End Mostly Higher; WPP Trades Actively
21 July 2017 - 7:52AM
Dow Jones News
International stocks trading in New York closed mostly up on
Thursday.
The BNY Mellon index of American depositary receipts improved
0.37% to 144.88. The European index increased 0.65% to 136.82. And
the Latin American index edged up 0.08% to 233.39.
Meanwhile, the Asian index eased 0.08% to 165.51, and the
emerging-markets index declined 0.22% to 302.83.
WPP PLC (WPPGY, WPP.LN) was among those with ADRs that traded
actively.
Anheuser-Busch InBev NV (BUD, ABI.BT), the world's largest
brewer, on Thursday said it is acquiring Hiball Inc., a San
Francisco-based company that makes organic energy drinks and
carbonated juices and water. Terms of the deal weren't disclosed.
The acquisition fits into AB InBev's planned nonalcoholic beverage
expansion. "We're looking for high growth, high margins," said Joao
Castro Neves, chief executive of AB InBev's U.S. subsidiary
Anheuser-Busch. ADRs rose 0.61% to $115.51.
BP PLC (BP, BP.LN) has approached potential buyers of its
oil-and-gas fields in the North Sea, people familiar with the
matter said, a half-century after the company helped pioneer
deepwater extraction there. BP said it remained "committed to the
U.K. North Sea," which the British company sometimes calls its
"heartland." The company said it planned to ramp up its U.K. North
Sea production to 200,000 barrels a day and pointed to important
new developments there west of the Shetland Islands. ADRs rose
0.20% to $35.10.
Unilever PLC (UL, ULVR.LN) on Thursday reported a sharp rise in
first-half profit and forecast better-than-expected margins for the
full year, making good for now on its promise to improve its
performance after fending off a $143 billion takeover approach from
Kraft Heinz Co. this year. ADRs rose 1.7% to $56.86.
Advertising firm WPP said Thursday its global marketing
communications agency Grey has acquired a majority stake in
Extreme-Sensio in France, for an undisclosed sum. WPP said it is
placing a greater emphasis on growth in Western Continental Europe
as a result of UK's referendum decision to leave the European
Union. ADRs rose 2% to $103.31.
(END) Dow Jones Newswires
July 20, 2017 17:37 ET (21:37 GMT)
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