Leaving BNY Website

 

You are leaving the BNY Mellon's Depositary Receipts' Website.
Linked sites are not under the control of The Bank of New York Mellon Corporation or any of its subsidiaries or affiliates (together, the "Company") and the Company is not responsible for the content of any linked site or any link contained in a linked site. If you choose to link to a website not controlled by the Company, you do so entirely at your own risk and the Company makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Company warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. The Company does not guarantee the authenticity of documents on the Internet. Links to other sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The Company reserves the right to terminate any link at any time.

Do you wish to continue to the linked site on these terms?

Stay On Page
Leave Page

© 2025 The Bank of New York Mellon Corporation

Depositary Receipt business and services are conducted through The Bank of New York Mellon.

BNY - DR Legal Disclaimer
  

To learn more about DRs, please contact DRBrokerSolutions@bny.com.

 

The information and data provided herein are provided for general informational purposes only.  BNY does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data.  BNY does not undertake any obligation to update or amend any information or data, and may change, update or amend any information or data at any time without prior notice.

 

BNY provides no advice, recommendation or endorsement with respect to any company or securities.  No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such.  We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

 

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

 

BNY collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued.  From time to time, BNY may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program.  BNY may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor.  BNY may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

 

BNY may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY.  In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY acts as principal counterparty and not as agent, advisor, broker or fiduciary.  In such cases, BNY  has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account.  The methodology used by BNY to determine DR conversion rates is available to registered Owners upon request or can be accessed here.  In those instances where BNY's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or that the method by which the rate will be determined will be the most favorable rate, and BNY makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate.  In certain instances, BNY may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency.  In such cases, BNY will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is a favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

 

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

 

BNY's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY.

 

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

 

Please also see "Terms of Use."

ACCEPT

Please enable cookies in your browser if you wish to proceed.

Regulation S Disclaimer

 

Access To This Company Profile Is Restricted To Non-U.S. Persons Outside The United States Within The Meaning Of Regulation S Under The U.S. Securities Act Of 1933, As Amended (The "Securities Act").1

 

This company profile does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or under any circumstances in which such offer or solicitation is unlawful.

 

Each person accessing this company profile, by so doing, will be deemed to have acknowledged that: (1) It is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) Any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

 

If you agree with and accept the foregoing and the Terms of use governing this site, please select "Accept" below. Otherwise, press "Decline" to return to the previous page.

 

1 As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

I Accept Decline

© 2024 The Bank of New York Mellon Corporation
Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - EU Market Recap: FTSE 100 +0.52% to 7500.49, DAX +0.64% to 15949.00, CAC40 +0.98% to 7286.32, STOXX 600 +0.70% to 456.05

Jun 28 ,2023

  • Synopsis:

    • European equity markets finished today's session firmer, near best levels, amidst mixed US equities. Tech and real estate stronger; healthcare and banks in focus. Treasuries mostly firmer after a backup in yields on Tuesday. Dollar index up 0.5% with outsized gains coming against sterling. Gold off 0.1%. Bitcoin futures down 1.2%. WTI crude up 2.3%, erasing Tuesday's slide after today's big US inventory draw.

    • European equity market sentiment remained positive after higher finish on Tuesday. Soft landing hopes in the US after strong economic data helping market tone. However, in Europe worries also over risk of central bank policy mistake as ECB continue to talk tough on inflation and BoE tipped to continue to tighten aggressively. Bloomberg sources said some officials want faster reduction in bond portfolio with outright bond sales or phasing out of reinvestment of bonds bought during pandemic. Reuters sources also said majority of officials increasingly favor September rate hike.

    • On macro data front, German consumer confidence data missed, while French consumer confidence better than forecast. Eurozone M3 money supply growth slows again. M3 money supply growth up 1.4% y/y in May versus consensus 1.5% and prior 1.9%. Loans to households up 2.1% versus prior 2.5% and loans to non-financial corporations up 4.0% versus 4.6% increase in April. Italian inflation cools to 14-month low, though offers limited reassurances to the ECB. June Italian CPI cools to +6.7% y/y vs consensus of +6.7% and prior month reading of +8.0%. On the month, CPI in at +0.1% in June vs consensus +0.1% and prior +0.3%. In the UK, Sky News reported government ministers and regulator Ofwat have started discussion to place UK's biggest water company, Thames Water, into special administration regime (SAR). In related news, London Times suggested water companies are drawing up plans to increase household bills by up to 40% to tackle consequences of climate change and sewage leaks.

    • On the reporting front, DSFIR.NA (DSM-Firmenich) expects Q2 adj. EBITDA to be in a range of €400 - 420M; guides FY adj. EBITDA of between €1.8B -1.9B vs year-ago €2.28B. Out of the UK, Mulberry Group (MUL.LN) reports FY EPS 19.1p vs year-ago 32.2p whilst Atalaya Mining (ATYM.LN) maintains FY23 copper production guidance in the range of 53,000 to 55,000 tonnes. Swiss Life (SHLF.SW) confirms its business strategy and implementation and is well on track to achieve or exceed the Swiss Life 2024 Group financial targets.

    • In other corporate updates, The Irish State places ~132M shares in AIB Group plc at €3.64/each via BofA Securities, Goldman Sachs International and Goodbody Stockbrokers. Bloomberg reports that UBS Group (UBSG.SW) is preparing to cut more than half of Credit Suisse workforce starting next month In the Netherlands.

    • In M&A news, (BNP.FP) BNP Paribas and Orange (ORA.FP) said to have reached an agreement for Orange Bank according to Les Echos. Ocado (OCDO.LN) shares traded lower on the back of media report citing traders pointing to unspecified media report that Amazon (AMZN) had denied reports it would make bid. Arkema (AKE.FP) agrees to acquire Glenwood Private Equity's 54% stake in PI Advanced Materials for €728M enterprise value.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers: Technology +1.92%, Real Estate +1.78%, Autos & Parts +1.39%, Construct & Mtls +1.22%, Travel & Leisure +1.18%, Chemicals +1.13%, Financial Svcs +1.05%, Ind Goods & Svcs +0.81%, Consumer Products and Services +0.77%, Media +0.73%, Telecom +0.71%

      • Underperformers: Basic Resources (1.21%), Insurance (0.24%), Retail (0.08%), Personal Care Drug and Grocery Stores +0.04%, Food, Beverage and Tobacco +0.12%, Oil & Gas+0.33%, Banks +0.42%, Utilities +0.48%

    • Macro:

      • ECB policymakers see little chance of rate hike pause as inflation stubborn -- Reuters

      • ECB chief economist warns markets against pricing in rate cuts within the next two years -- CNBC

      • ECB rate pause needs clear sign of core easing, Wunsch says -- Bloomberg

      • Some ECB officials weigh faster reduction of bond portfolio -- Bloomberg

      • Bank of England ratesetter Dhingra predicts fall in inflation -- London Times

      • EU rejects US offer to end steel tariff dispute -- FT

    • Peripheral markets:

      • Italy:

        • Meloni government picks ECB's Panetta as Bank of Italy Governor-- Bloomberg

        • Italian inflation cools to 14-month low, though offers limited reassurances to the ECB -- Bloomberg

      • Spain:

        • Spain to double 2030 biogas, green hydrogen targets under draft plan -- Reuters

      • Greece:

        • Loans and deposits lower in May according to Bank of Greece - Kathimerini

    • Company news:

      • Notable Gainers

        • +28.9% REVB.LN (Revolution Beauty Group £0.25, +0.06) -- trading suspension ends; boohoo Group statement following Revolution Beauty's first AGM yesterday

        • +8.0% MAGI.SS (MAG Interactive SEK14.74, +1.08) -- earnings

        • +7.5% ELG.GR (Elmos Semiconductor €70.00, +4.90) -- divestment

        • +5.9% DX.LN (DX (Group) £0.32, +0.02) -- EV investment

        • +5.6% HEX.NO (Hexagon Composites NOK26.62, +1.42) -- orders

        • +4.8% DSFIR.NA (DSM-Firmenich €97.30, +4.49) -- trading update

        • +3.2% AKE.FP (Arkema €85.00, +2.60) -- acquisiiton

        • +2.9% RBW.LN (Rainbow Rare Earths £0.09, -0.00) -- agreement with Bosveld Phosphates (Pty) Limited to allow 100% ownership of the Phalaborwa Project in South Africa

        • +2.2% LOK.LN (Lok 'n' Store Group £8.24, +0.18) -- trading update

        • +2.0% MNBA.DC (Møns Bank DKK207.00, +4.00) -- raises FY23 PBT guidance

        • +1.4% P911.GR (Porsche €109.25, +1.50) -- confirms FY23 forecast -- AGM

      • Notable Decliners

        • -14.3% PROC.LN (Procook Group £0.23, -0.04) -- trading update

        • -14.0% AFRN.LN (Aferian £0.12, -0.02) -- trading update

        • -13.5% JAY.LN (Bluejay Mining £0.02, -0.00) -- placing and operational update

        • -5.7% OCDO.LN (Ocado Group £5.26, -0.32) -- Reuters cites traders pointing to unspecified media report that Amazon had denied reports it would make bid

        • -5.7% EKF.LN (EKF Diagnostics Holdings £0.33, -0.02) -- CFO steps down

        • -5.4% ZAL.GR (Zalando €26.29, -1.51) -- Bernstein reiterates underperform and questions long term targets

        • -4.4% CCAP.GR (CORESTATE Capital Holding €0.40, -0.02) -- strategic course and core business update

        • -4.4% SLHN.SW (Swiss Life Holding CHF513.60, -23.60) -- trading update

        • -4.3% HUNT.NO (Hunter Group NOK0.10, -0.00) -- reverse share split

        • -3.5% MEN.LN (Molecular Energies £1.23, -0.04) -- earnings

        • -2.8% MUL.LN (Mulberry Group £2.45, -0.07) -- earnings

        • -2.6% NANO.LN (Nanoco Group £0.19, -0.01) -- notes receipt of General Meeting requisition notice from Aurora Nominees Limited and Securities Services Nominees Limited

        • -2.6% WIHN.SW (WISeKey International Holding CHF0.17, -0.00) -- reverse stock split update

        • -2.1% A5G.ID (AIB Group €3.74, -0.08) -- Irish State places ~132M shares in AIB Group plc at €3.64/sh

        • -2.0% AFRY.SS (AFRY AB SEK157.80, -3.20) -- Handelsbanken short-term recommendation downgrade

        • -1.9% ANOD.B.SS (Addnode Group SEK121.10, -2.40) -- Handelsbanken short-term recommendation downgrade

        • -1.6% ADL.GR (ADLER Real Estate €8.42, -0.14) -- German prosecutors searching the offices of ADLER Real Estate - Bloomberg

    • EU companies reporting tomorrow:

      • Earnings:

        • DACHs: Zumtobel Group (ZAG.AV)

        • Nordics: H&M Hennes & Mauritz (HM.B.SS)

        • UK: Moonpig Group (MOON.LN), Mulberry Group (MUL.LN), De La Rue (DLAR.LN)

      • Trading Update: B&M European Value Retail (BME.LN), Serco (SRP.LN), OVH Groupe (OVH.FP), Hunting (HTG.LN)

      • CMD/events: Sanofi (SAN.FP) vaccines 14:00BST, BT Group (BT.A.LN) pensions 14:00BST, BFF Bank (BFF.IM)

  • Data:

    • Economics:

      • Eurozone May M3 Money Supply +1.4% y/y vs cons +1.5% and prior +1.9%

      • Germany Jul GfK Consumer Confidence (25.4) vs cons (23.0) and prior revised (24.4) from (24.2)

      • France Jun Consumer Confidence 85 vs cons 81 and prior 83

      • Italy May PPI (4.3%) y/y vs cons (9.4%) and prior (1.5%)

      • Italy Jun Prelim CPI +6.4% y/y vs cons +6.8% and prior +7.6%; 0.0% m/m vs cons +0.1% and prior +0.3%

        • EU Harmonised: +6.7% y/y vs cons +6.7% and prior +8.0%; +0.1% m/m vs cons +0.1% and prior +0.3%

      • Assogestioni reports Italy May total net out flows (€4.96B) vs prior outflow (€3.88B)

      • Switzerland Jun ZEW Expectations (30.8) vs cons (32.3) and prior (32.2)

      • Spain May Retail Sales +6% y/y vs cons +0.6% and prior +5.5%

      • Norway May Retail Sales (2.2%) y/y vs cons (5.7%) and prior (6.4%); +1.2% m/m vs cons +0.2% and prior (1.2%)

      • Denmark May Retail Sales (0.4%) y/y vs cons (4.3%) and prior revised to (5.8%) from (6.0%)

      • Ireland May Retail Sales +5.1% y/y vs cons +6.9% and prior revised +7.0% from +7.5%; (1.6%) m/m vs cons +0.5% and prior +2.8%

    • Markets:

      • WTI Crude (Aug 23): +$1.55 or +2.29% to $69.25

      • €-$ (0.0049) or (0.45%) to 1.0915

      • £-$ (0.0114) or (0.89%) to 1.2636

      • €-£ +0.0038 to 0.8638

      • S&P 500 +0.04%

      • Performance year-to-date

        • FTSE 100: +0.65%

        • DAX: +14.55%

        • CAC: +12.55%

        • MIB: +16.53%

        • Stoxx 600: +7.33%

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE