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BARC Barclays Plc

191.14
-1.10 (-0.57%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.10 -0.57% 191.14 190.66 190.74 193.44 190.24 192.56 159,914,116 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.50 28.9B

ADR Shares End Lower; Delhaize Falls

29/04/2015 10:21pm

Dow Jones News


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International stocks trading in New York closed lower Wednesday.

The BNY Mellon index of American depositary receipts fell 0.75% to 150.64. The European index decreased 0.68% to 146.41, the Asian index dropped 0.94% to 161.39, the Latin American index fell 0.82% to 234.42 and the emerging markets index declined 0.72% to 282.30. Delhaize Group (DEG, DELB.BT) was among the companies with ADRs that traded actively.

Delhaize ADRs fell 7.1% to $20.59 after the Belgian food retailer posted a sharp rise in first-quarter revenue, boosted by the stronger dollar and robust sales at its U.S. grocery chains. However Rabobank said earnings missed expectations on a weak performance in Belgium, while Jefferies said the latest results show Delhaize's momentum in the U.S. is slowing.

Alibaba Group Holding Ltd. (BABA) Executive Chairman Jack Ma said the Chinese e-commerce giant has been expanding too quickly, and that he plans to cap the size of the company's workforce at current levels for the time being. ADRs fell 3.1% to $82.45.

ADRs of ABB Ltd. (ABB, ABBN.VX) rose 14 cents to $22.20 after the Swiss industrial giant posted better-than-expected first-quarter earnings. A host of big contracts helped the world's largest builder of electrical power grids weather the headwinds caused by a stronger dollar.

ADRs of Barclays PLC (BCS, BARC.LN) fell five cents to $16.04 after the U.K. bank boosted its expected bill for foreign-exchange fines to more than 2 billion British pounds ($3.07 billion) as it recorded a first-quarter charge of 800 million British pounds. The provision overshadowed what Barclays said had otherwise been it best quarter in years, once such one-time charges were stripped out.

ADRs of Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) fell 2.1% to $19.86 after Spain's No. 2 lender by market value reported that its first-quarter profit more than doubled on improved lending income and stronger profit in Mexico, countering weaker returns in South America due to currency turmoil in Venezuela. However, net interest income--a key driver of profit for retail banks such as BBVA--missed analysts' expectations.

ADRs of British American Tobacco PLC (BTI, BATS.LN) fell 1.7% to $111.09 after the maker of Lucky Strike, Dunhill and Kent cigarettes said smokers around the world continued to feel pressure on their disposable income, resulting in a big fall in first-quarter revenue and sales volumes.

Eni SpA (E, ENI.MI) reported a steep drop in first-quarter earnings as the global plunge in crude prices cut into profitability at the Italian oil company's main exploration and production unit, offsetting improvements at other divisions and a lower tax rate. However in a note to clients, Bernstein said that "Overall the results show that the business model is very resilient to the oil price fall and that the restructuring plan under the new CEO is well advanced." ADRs rose five cents to $38.22.

Brazil's Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR), the world's biggest iron producer, is in talks with Chinese shipbuilders and leasing companies to build around 50 giant bulk carriers that would move iron ore from Brazil to China, The Wall Street Journal reported Wednesday. ADRs fell 5.6% to $7.26.

Write to Tess Stynes at tess.stynes@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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