Markets

Luxottica Group, S.p.A Leads Decliners Among European ADRs

American depository receipts of European companies fell by 0.5% on Wednesday afternoon to 150.46, according to the Bank of New York Mellon Europe ADR Index.

Luxottica Group, S.p.A ( LUX ) led the declines, last down about 4%, after Italian newspaper Corriere della Sera said there had been a disagreement between LUX CEO Andrea Guerra and founder Leonardo Del Vecchio over the company's recent tie-up with Google ( GOOG ) to develop fashionable Google Glass eyewear. Several Italian newspapers reported that Guerra could leave at the end of the year when his contract expires.

Other losers include Sequans ( SQNS ), down 2.7%, and Natuzzi ( NTZ ), down 2.92%.

On the upside, Nokia ( NOK ) was up 1.37%, and CSG (CGG) rose 1.36%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GOOG NTZ NOK SQNS

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More