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Stock impact report

CNBC's UK Exchange newsletter: AstraZeneca gets a shot on Wall Street [MSNBC.com]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: MSNBC.com
ADRs are tradable certificates issued by U.S. banks representing a specific number of shares (usually one) of a foreign company. They tend to be less liquid than fully listed stocks — and that deters some investors.The move was welcomed by investors, with shares up 0.8% on Monday. It should bring in new U.S. investors, especially if — although this is not a given — AZ eventually gains membership of the S&P 500.Defections from the UKThe British newspaper said Soriot, who today marks 13 years at the helm, had spoken privately of doing this on several occasions and had even discussed moving AZ's domicile. Soriot fanned the flames when, at subsequent results briefings, he did not deny the report and even called AZ a "very American company." AZ is among several big pharma companies to recently pause or postpone U.K. investments amid frustration at the country's drug-pricing regime.Accordingly, some interpret this as another blow to the London Stock Exchange (LSE), which is indeed how it wa Show less Read more
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