ADRs End Mostly Higher; Royal Bank of Scotland Trades Actively
February 15 2019 - 5:39PM
Dow Jones News
By Maria Armental
International stocks trading in New York closed mostly higher on
Friday.
The BNY Mellon index of American depositary receipts improved 1%
to 139.32. The European index rose 1.4% to 128.63. The Asian index
increased 0.3% to 161.47. And the Latin American index improved
0.5% to 255.06.
Meanwhile, the emerging-markets index fell 0.2% to 304.56.
Royal Bank of Scotland Group PLC was among those with ADRs that
traded actively.
Royal Bank of Scotland on Friday reported sharply higher profit
for 2018 and said it would pay a special dividend but warned that
Brexit uncertainty was putting its medium-term cost targets at
risk. The U.K. lender said Friday that it would pay a special
dividend of 7.5 pence a share, well ahead of the 3.0 pence penciled
in by analysts. Adding an ordinary dividend, RBS said it would hand
back 1.6 billion pounds ($2.05 billion) to shareholders. Such
returns mark a major turning point for RBS, which only last year
paid its first dividend since its 2008 bailout by the British
government. The state will also be the primary beneficiary of the
payout, as it still holds a 62% stake in the bank. ADRs rose 3.3%
to $6.49.
Eight employees of mining giant Vale SA have been detained as
part of an investigation in Brazil into the collapse of a mining
tailings dam in the small town of Brumadinho that has left more
than 160 people dead and scores more missing. Police detained four
Vale managers and four employees of technical teams related to dam
safety, authorities in the state of Minas Gerais, where Brumadinho
is located, said in a statement. Police also carried out warrants
to seize documents and other material. ADRs closed up 1.6% at
$12.33.
Oil prices ended at a near-three-month high on Friday, closing
out a week of robust gains driven by signs of shrinking global
supply. BP PLC ADRs rose 1% to $42.29; Royal Dutch Shell PLC's
Class A ADR rose 0.7% to $62.56 while Class B ADR eased 0.1% to
$63.83; and Total SA rose 1.7% to $56.29.
Write to Maria Armental at Maria.Armental@WSJ.com
(END) Dow Jones Newswires
February 15, 2019 17:24 ET (22:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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