ADRs Close Mainly Less; IHG is actively negotiating


International stocks traded in New York City closed mostly lower on Friday.

The S & P / BNY Mellon US Certificate of Deposit Index edged up 0.01% to 166.53, and the European index improved 0.5% to 147.55.

Meanwhile, the Asian index fell 0.6% to 225.93. The Latin American index fell 0.6% to 178.67, and the emerging markets index fell 0.8% to 373.53.

InterContinental Hotels Group PLC was among the companies whose ADRs were actively traded.

 

U.S. prosecutors have determined that Ericsson AB violated the terms of a $ 1.06 billion settlement agreement reached in 2019 over corruption allegations in five countries, the Swedish telecommunications company said on Friday. The company received correspondence from the US Department of Justice indicating that the company violated the agreement by failing to provide certain documents and information related to the settlement. ADRs fell 2.9% to $ 11.58.

 

InterContinental Hotels Group PLC said on Friday that its revenue per available room grew 66% in the third quarter year-on-year, but was 21% lower than 2019 levels. Third quarter RevPAR was lower by 9.9% at 2019 levels in the Americas, 30% below Greater China and 43% below EMEAA, which includes Europe, Middle East, Africa, Asia and Oceania. ADRs fell 2.5% to $ 67.80.

 

(END) Dow Jones Newswires

October 22, 2021 17:44 ET (21:44 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


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