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 - European Market Recap: FTSE 100 +0.41% to 7453.75, DAX +0.30% to 16215.43, CAC40 +0.59% to 7310.77, STOXX 600 +0.55% to 461.61

Nov 30 ,2023

  • Synopsis:

    • European equity markets mostly closed higher. After a short period in narrow range-bound trade either side of unchanged, pan-European indices moved higher, touching then session highs prior to Wall Street's open, then settling in a trading range just below the best levels of the day, before moving higher again before the close

    • Denmark, Ireland both +0.9% and Norway +0.8% led outperformers, with Sweden (0.1%), Spain +0.1% and Finland +0.2% leading underperformers. Mid- and small cap indices were under pressure in Germany, Italy, Netherlands and UK

    • OPEC+ headlines coming out of the meeting swayed sentiment towards oil, and the organization was initially reported as having agreed preliminary oil cut deal of over 1M bpd. Further headlines, citing delegates, indicated an output cut of 2M bpd in Q1 of 2024, with individual members set to announce their new quotas. Also, Brazil set to join OPEC+ in 2024

    • COP28 gets underway with EU calling for accelerated emissions reductions and clean energy transition. EU's von der Leyen spoke at the Clean Transition Dialogue with energy intensive industries

    • ECB's bank supervision conf (through Fri) saw ECB's Lagarde speech, McCaul panellist, Enria conversation and af Jochnick panellist. Riksbank's Bunge spoke during the morning at seminar organized by Swedbank. BOE's Greene spoke at Leeds Univ. In her first speech as an MPC member, Greene sets out her approach to interest rate decisions. Bundesbank's Nagel speech at 18:00CET at event hosted by deutscher Pfandbriefbanken and Balz speech at 18:30CET at EFF European Finance Forum.

    • BOE published Decision Maker Panel (DMP) survey of CFOs from small, medium and large UK businesses. The one-year ahead CPI inflation expectations decreased to 4.4% in Nov, down from 4.6% in Oct

    • A raft of macro indicators included Germany Nov unemployment change, Switzerland Nov KOF leading indicators, France Oct consumer spending, as well as Q3 final GDPs, Nov preliminary CPIs and Oct unemployment rates from across the region. UK Oct car production +31.6% y/y

    • Earnings/updates included Ashtead Technology Holdings (AT.LN), Elekta (EKTA.B.SS), Martens (DOCS.LN), Mitchells & Butlers (MAB.LN), Remy Cointreau (RCO.FP), SAS (SAS.SS) and Vienna Insurance Group (VIG.AV). Several companies held CMD/events including ABB Limited (ABBN.SW), Beijer Ref (BEIJ.B.SS), Eurazeo (RF.FP) and Revenio Group (REG1V.FH)

    • M&A news flow included Deutsche Lufthansa (LHA.GR) decides not to pursue plans for the sale of a minority stake in Lufthansa Technik, launches growth program for the business unit. BW LPG (BWLPG.NO) to acquire 8.5% stake in Confidence Petroleum (526829.IN) and invest in LPG onshore import terminal. BMW (BMW.GR) and Mercedes-Benz (MBG.GR) to establish a joint high-power charging network in China. Brookfield's acquisition of Network International Holdings (NETW.LN) now expected to complete in Q1 of 2024. Marel (MAREL.IR) issues response to shareholder letter from Teleios Capital Partners. Reportedly, Obrascon Huarte Lain (OHLA.SM) looking to sell Centro Canalejas for €800M.

    • The Dutch government announced its intention to reduce its stake in ABN Amro (ABN.NA) via a pre-arranged trading plan. The shares ended down (1.7%), above their worst level of the day

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Financial Svcs +1.39%, Insurance +1.11%, Oil & Gas +1.05%, Food & Beverage +0.97%, Health Care +0.89%, Construct & Mtls +0.66%, Persnl & HHold Goods +0.62%

      • Underperformers:

        • Real Estate (0.49%), Travel & Leisure (0.47%), Retail (0.37%), Autos & Parts (0.18%), Technology (0.14%), Basic Resources (0.12%), Telecom +0.18%, Chemicals +0.33%, Media +0.34%, Utilities +0.35%, Banks +0.36%, Ind Goods & Svcs +0.46%

    • Macro/ Peripheral markets:

      • Finland:

        • Government proposal on Finland's accession to NATO SOFA and Paris Protocol submitted to Parliament - release

      • Ireland:

        • National Treasury Management Agency (NTMA) plans to issue €6B to €10B of bonds over the course of 2024 - release

      • Italy:

        • Bank of Italy's Panetta spoke at event organised by the ICCREA Group - release

      • Netherlands:

        • Government formation talks stops Wilders attending a summit of right-wing parties in Italy - De Telegraaf

      • UK:

        • Chancellor has welcomed Microsoft's £2.5B investment over the next 3 years to expand its next generation AI datacentre infrastructure - release

        • Alba Party, led by former Scottish first minister Alex Salmon, unveils plans to lodge a referendum Bill at Holyrood - The Scotsman

    • Company news:

      • Notable Gainers

        • +24.5% AT.LN (Ashtead Technology Holdings)

          • Now expects FY23 to be comfortably ahead of its previous expectations

          • acquires ACE Winches for total cash consideration of £53.5M

        • +12.1% ASRNL.NA (ASR Nederland) -- closes unit-linked life insurance file; settlement involves ~ €250M

        • +10.1% OUT1V.FH (Outokumpu)

          • Negotiates long-term extension to partnership with AM/NS until 2051 for procurement of hot rolling services in business area America

          • To buy back up to 11M shares between 1-Dec-23 to 21-Mar-24

        • +9.9% NN.NA (NN Group) -- to buy from hold at Kepler Cheuvreux; to outperform from neutral at Oddo

        • +9.7% RF.FP (Eurazeo) -- expects shareholders' return of €2.3B over 2024-27; presents financial outlook 2024-27 - CMD

        • +6.3% ZOO.LN (Zoo Digital Group) -- H1 EPS ($0.11) vs year-ago $0.03

        • +6.0% OHLA.SM (Obrascon Huarte Lain) -- looking to sell Centro Canalejas for €800M - El Confidencial, citing sources

        • +4.3% SAAS.LN (Microlise Group Holdings) -- Microlise Group to acquire Enterprise Software Systems for initial £7.65M due on completion

        • +3.7% NWG.LN (NatWest Group) -- to overweight from neutral at JPMorgan

        • +3.5% VIG.AV (Vienna Insurance Group) -- 9M revenue €10.62B, +11.4% y/y; expects FY23 PBT to be at upper end of forecast range

        • +3.2% BALN.SW (Baloise) -- in talks to sell ~€1B of life insurance policies in Belgium - Reuters

        • +3.0% BPT.LN (Bridgepoint Group) -- to buy from hold at Peel Hunt

        • +2.0% RR.LN (Rolls-Royce Holdings) -- to buy from hold at Shore Capital Stockbrokers

        • +1.8% ABBN.SW (ABB Limited) -- raises long-term comparable revenue growth target to 5-7% vs prior 3-5% - CMD

          • On earnings/updates: HUH1V.FH (Huhtamaki), BEIJ.B.SS (Beijer Ref), CAI.AV (CA Immobilien Anlagen), LOU.GR (DEAG Deutsche Entertainment), IBS.PL (Ibersol) and reversing initial falls RCO.FP (Remy Cointreau), OFN.SW (Orell Füssli), NCC.LN (NCC Group)

      • Notable Decliners

        • -44.9% XBRANE.SS (Xbrane Biopharma) -- Q3 EPS (SEK2.78) vs FactSet (SEK3.06) [1 est]

        • -23.3% ATG.LN (Auction Technology Group) -- FY Adj. EPS 32.6p vs FactSet 30.0p [6 est, 28.7-31.7p]; guides FY24 organic revenue growth between +5-8%

        • -20.5% DOCS.LN ( Martens) -- H1 EPS 1.9p vs year-ago 4.5p; expects FY24 EBITDA to be moderately below the bottom end of the range of consensus expectations, withdraws FY25 guidance

        • -11.8% FUTR.LN (Future) -- to sell from hold at Canaccord Genuity

        • -11.6% WYN.LN (Wynnstay Group) -- FY results expected to be below market expectations

        • -8.4% CTO.LN (TClarke) -- revenue on track to achieve £500M target in FY23

        • -8.1% MAB.LN (Mitchells & Butlers) -- FY adj EPS 15.6p vs FactSet 13.9p [11 est, 12.2-15.3p]; to start to rebuild margins back towards pre-pandemic levels

        • -7.5% REG1V.FH (Revenio Group) -- reaffirms FY guidance, says next 6 months look challenging; outlines updated strategy for 2024-26 - CMD

        • -7.5% EKTA.B.SS (Elekta) -- Q2 EPS SEK0.94 ex-items vs consensus SEK0.84, expects improvement in revenue growth and margin expansion to continue into Q3, although at a slower pace and with continued inflationary pressure; assumed hold at Jefferies

        • -7.4% SAS.SS (SAS) -- FY net income (SEK5.70B) vs FactSet (SEK5.16B) [1 est]

        • -7.2% 888.LN (888 Holdings) -- to neutral from overweight at JPMorgan

        • -5.9% WAF.GR (Siltronic) -- sales expected to exceed €2.2B by 2028 and EBITDA margin to reach high 30's percentage area - CMD

        • -5.8% OCI.NA (OCI NV) -- to hold from buy at Jefferies

        • -5.7% DBAN.GR (Deutsche Beteiligungs) -- confirms prelim FY net income of ~ €106M vs FactSet €108.8M [4 est, €98.4-117.4M]

        • -5.7% SANION.SS (Saniona) -- Q3 EPS (SEK0.38) vs year-ago SEK0.28

        • -5.3% THULE.SS (Thule Group) -- to sell from hold at Nordea

        • -4.8% MEGP.LN (ME Group International) -- Expects FY revenue to be marginally below the lower end of the previous guidance range, EBITDA inline with guidance

        • -4.4% QDT.FP (Quadient) -- Q3 revenue €263M, (3%) vs year-ago €270M, lowers FY sales growth guidance, reaffirms EBIT guidance

        • -4.0% HM.B.SS (H&M Hennes & Mauritz) -- to sell from neutral at Goldman Sachs

        • -3.1% TXGN.SW (TX Group) -- provides 2026 adjusted EBIT margin targets at strategy day; shares reverse initial gains

        • -3.0% MUL.LN (Mulberry Group) -- H1 underlying EPS (21.8p) vs year-ago (5.3p)

        • -1.6% RECSI.NO (REC Silicon) -- provides update on agreement for sale of Yulin equity interest; process now entering phase for governmental review; shares reversed early gains

          • On earnings/updates: CFISH.SS (Crunchfish), TFG.NA (Tetragon Financial Group), ACX.SM (Acerinox), KHG.FH (KH Group), ALL.LN (Atlantic Lithium) and reversing initial gains IIA.AV (Immofinanz),

    • EU companies reporting tomorrow:

      • Earnings: Pierre & Vacances (VAC.FP), Mind Gym (MIND.LN), Havila Kystruten (HKY.NO)

      • CMD/events: BASF (BAS.GR) R&D, Swiss Re (SREN.SW), Alligator Bioscience (ATORX.SS)

  • Data:

    • Economics:

      • Germany

        • Nov unemployment change +22K vs consensus +22K, prior +30K

        • Oct retail sales (0.1%) y/y vs consensus (2.0%), prior (4.3%)

      • France

        • Nov preliminary CPI +3.4% y/y vs consensus +3.7%, prior +4.0%

        • Q3 GDP +0.6% y/y vs preliminary +0.7%

        • Oct PPI (1.2%) y/y vs consensus (1.2%), prior revised (1.5%) from (1.7%)

        • Oct consumer spending (0.9%) m/m vs consensus (0.2%), prior revised 0.0% from +0.2%

      • Italy Oct unemployment rate 7.8% vs consensus 7.5%, prior revised 7.6% from 7.4%

      • Eurozone

        • Nov preliminary CPI +2.4% y/y vs consensus +2.7%, prior +2.9%; (0.3%) m/m vs consensus (0.2%), prior +0.1%

        • Oct unemployment rate 6.5% vs consensus 6.5%, prior 6.5%

      • Switzerland

        • Oct retail sales (0.1%) y/y vs consensus +0.2%, prior revised (1.2%) from (0.6%)

        • Nov KOF leading indicators 96.7 vs consensus 96.6, prior revised 95.1 from 95.8

      • Netherlands Nov preliminary CPI +1.6% y/y vs consensus +2.4%, prior (0.4%)

      • Austria Nov preliminary CPI +5.4% y/y vs consensus +5.3%, prior +5.4%

      • Denmark

        • Oct unemployment rate 2.5% vs consensus 2.5%, prior 2.5%

        • Q3 GDP (0.1%) q/q vs preliminary (0.3%)

      • Finland Q3 GDP (1.2%) y/y vs preliminary (1.0%)

      • Greece

        • Oct unemployment rate 9.6% vs consensus 10.0%, prior revised 10.3% from 10.0%

        • Sep retail sales (3.3%) y/y vs consensus (3.0%), prior revised (3.3%) from (3.6%)

        • Oct PPI (13.5%) vs consensus (3.0%) and prior (4.3%)

      • Belgium Q3 GDP +1.4% y/y vs preliminary +1.5%

      • Portugal

        • Q3 GDP +1.9% y/y vs preliminary +1.9%

        • Nov preliminary CPI +1.6% y/y vs consensus +1.8%, prior +2.1%

    • Markets:

      • WTI Crude (Jan 24): ($2.54) or (3.26%) to $75.32

      • €-$ (0.0063) or (0.57%) to 1.0908

      • £-$ (0.0050) or (0.39%) to 1.2643

      • €-£ (0.0014) to 0.8629

      • S&P 500 (0.12%)

      • Performance year-to-date:

        • FTSE 100: +0.03%

        • DAX: +16.46%

        • CAC: +12.93%

        • MIB: +25.44%

        • Stoxx 600: +8.64%

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