ADR Shares End Lower; Orange Shares Trade Actively

International stocks trading in New York closed lower on Thursday. The BNY Mellon index of American depositary receipts fell 1.6% to 151.18. The European index decreased 1.4% to 149.05, the Asian index dropped 2% to 147.66, the Latin American index fell 2.2% to 286.02 and the emerging markets index declined 2.3% to 293.98. Among the companies with shares that actively traded was Orange SA (ORAN, ORA.FR).

France's competition authority declined Orange's request to suspend a mobile-network-sharing deal between the company's rivals Bouygues Telecom and SFR. Orange in April had filed the complaint in a bid to get an emergency ruling until a detailed decision is made regarding the deal's impact on France's telecom sector. Orange plans to appeal the decision. Orange shares fell 2% to $14.67.

BHP Billiton Ltd. (BHP, BHP.AU) paid its Chief Executive considerably less last fiscal year and said it would freeze pay at its top ranks this year, as the mining company looks to show it is serious about controlling costs. Shares fell 3.6% to $59.97.

GlaxoSmithKline PLC (GSK, GSK.LN) named Philip Hampton as its next chairman, a move that while expected comes as the pharmaceutical giant struggles to right itself amid a series of probes of alleged overseas bribery. Mr. Hampton, currently chairman of Royal Bank of Scotland Group PLC, will succeed longtime Glaxo Chairman Christopher Gent. The transition is planned for next year. GlaxoSmithKline shares fell 35 cents to $46.68.

Ryanair Holdings PLC (RYAAY, RYA.DB, RYA.LN) raised its full-year passenger guidance and said profit would come in toward the top end of its previously guided range after customers had responded well to the Irish budget airline's customer-service efforts, better digital platform and Business Plus service. Shares rose 2% to $55.78.

Write to Tess Stynes at [e-mail]

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