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 (0.30%) to 7490.18, DAX +0.77% to 16531.11, CAC40 +0.69% to 7383.38, STOXX 600 +0.39% to 467.58

Dec 05 ,2023

  • Synopsis:

    • European indices have closed in positive territory, except for the FTSE. Of note, the DAX index hit an intraday record high. Focus today turned to the UK as the public inflation expectations survey highlighted the Challenge faced by the BoE. The latest Citi/YouGov monthly survey on public inflation expectations for the next 12 months was stable at 4.2% but edged up in five to 10 years' time to 3.5% from 3.3% in September. Data fits in with BoE's recent macroeconomic forecasts, which showed that the disinflation process is likely to be slower from here. In other central bank news, the ECB October Consumer Expectation Survey revealed 1-year CPI Expectations remained unchanged at 4.0% vs 3.8% expected. 3-year CPI Expectations were also unchanged at 2.5% v 2.5% prior. Uncertainty about inflation expectations over the next 12 months remained unchanged. Consumers expected their nominal income over the next 12 months to grow by 1.1%, which was slightly lower than in September (1.2%). Economic growth expectations for the next 12 months were marginally more negative, at (1.3%) vs (1.2%) in September. Expectations for the unemployment rate 12 months ahead were unchanged at 11.4%/ Analysts broadly suggest medium and long-term EZ inflation to remain above ECB target. Estimates vary between 2.5% to 3.5% due to plethora of structural factors including costs of reducing carbon emissions, less disinflation from a less dynamic China and, most importantly, persistent wage gains of ~4% due to labour shortages. Still, required funding for energy transition and debt sustainability issues may compel ECB to ease policy via QE or use TPI further ahead, to avoid fragmentation risks

    • In macro-news, Ifo survey of German retailers showed situation has improved somewhat with indicator up to -8.8 points in November from prior -13.5, which was the first increase in three months. However, despite the slightly improved mood in sector, demand remains a challenge even in a period where sales are likely to be strong. Other macro-data included a slew of Nov Services from Germany,. France Italy and Eurozone

    • On the earnings front, Brenntag (BNR.GR) updated its mid-term targets by 2027, reflecting the increased focus of the two divisions, a new reporting structure in line with the new divisional setup effective 2024. The company expects to grow its organic gross profits between +4-7% annually and its organic EBITA between +7-9%. In France, Compagnie des Alpes (CDA.FP) reported FY earnings and proposed a dividend of €0.91/share for the 2022/23 financial year, +10% y/y. In the Nordics, Avanza Bank Holding (AZA.SS) and Nordnet (SAVE.SS) issued Nov preliminary net inflow and Nov monthly statistics, respectively. Also, in Nordics, Nokia (NOKIA.FH) commented on AT&T vendor plans and indicated that it expects revenue from AT&T in Mobile Networks to decrease over the next 2-3 years. Also, Airbus (AIR.FP) CEO Guillaume Faury, in an interview with the FT, said that the company could require European government support for a commercial aircraft programme to replace the A320

    • Looking ahead to tomorrow's calendars, British American Tobacco (BATS.LN), Vivoryon Therapeutics (VVY.NA), Schaffner (SAHN.SW), Oeneo (SBT.FP), Clas Ohlson (CLAS.B.SS), TUI Group (TUI.LN), Paragon Banking (PAG.LN) and Norwegian Air Shuttle (NAS.NO) will be amog few other to update ivnesotrs, whilst Rio Tinto (RIO.LN), The Weir Group (WEIR.LN), and Bufab (BUFAB.SS) will hold CMDs. Macro-data will include Germany Oct factory orders, Eurozone Oct retail sales, UK Nov construction PMI, Greece Q3 GDP Ireland Nov unemployment rate among few others

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers: Real Estate+1.86%, Autos & Parts +1.21%, Construct & Mtls +1.11%, Travel & Leisure +0.96%, Technology +0.84%, Telecom +0.63%, Utilities +0.61%, Ind Goods & Svcs +0.61%, Chemicals +0.58%, Persnl & HHold Goods +0.50%, Insurance +0.49%, Banks +0.43%

      • Underperformers: Basic Resources (0.90%), Health Care (0.29%), Financial Svcs (0.01%), Food & Beverage +0.08%, Retail +0.11%, Oil & Gas +0.18%, Media +0.33%

    • Macro:

      • EU faces 'huge' risk of terrorist attacks, says official (dw)

      • Deal on EU fiscal rules unlikely this year, say officials (Reuters)

      • Germany's budget crisis threatens chipmaking ambitions (FT)

      • Russian oil price cap has largely failed, new report finds (Politico)

      • Kremlin says OPEC+ cuts will kick in later, confirms Putin to visit Gulf (Reuters)

      • Sunak Now Polling Worse Than Truss With Key UK Voters (BBG)

      • French voters don't want to hear the fiscal truth (FT)

      • Parliament to decide on ESM ratification - Economy Minister Giorgetti (Ansa)

    • Company news:

      • Notable Gainers

        • +17.9% OTB.LN (On The Beach Group £1.38, +0.21) -- FY earnings

        • +16.2% DSCV.LN (discoverIE Group £7.02, +0.98) -- H1 earnings

        • +6.3% ERIC.B.SS (Telefonaktiebolaget LM Ericsson SEK57.70, +3.40) -- new RAN collaboration with AT&T

        • +6.2% SSPG.LN (SSP Group £2.26, +0.13) -- FY earnings

        • +6.1% WAVE.FP (Wavestone €48.75, +2.80) -- H1 earnings

        • +4.5% ALMB.DC (Alm. Brand DKK11.88, +0.51) -- new DKK200M share buyback

        • +3.9% GHH.LN (Gooch & Housego £5.30, +0.20) -- FY earnings

        • +3.3% KTN.GR (Kontron €21.54, +0.68) -- €30M contract

        • +3.1% SOLG.LN (SolGold £0.08, -0.00) -- Blanca-Nieves Project update

        • +2.2% BLV.FP (Believe €10.22, +0.22) -- unconfirmed rumor the company may have attracted bid interest

        • +1.9% IOM.LN (iomart Group £1.57, +0.03) -- H1 earnings; acquisition of Accesspoint Group Holdings Limited

        • +1.6% PRV.LN (Porvair £6.18, +0.10) -- acquisition of European Filter Corp.

      • Notable Decliners

        • -14.0% QUIZ.LN (QUIZ Ltd. £0.06, -0.01) -- H1 earnings

        • -6.2% NOKIA.FH (Nokia €2.81, -0.19) -- AT&T RAN plans with competitor vendor

        • -4.2% VLS.LN (Velocys £0.00, -0.00) -- agrees recommended cash acquisitionat 0.25p in cash by Madison Bidco

        • -3.7% AHT.LN (Ashtead Group £47.39, -1.81) -- Q2 earnings

        • -3.7% CML.LN (CML Microsystems £3.67, -0.14) -- H1 earnings

        • -2.5% SPEX.SW (Spexis CHF0.05, -0.00) -- granted debt-restructuring moratorium by the Western District Court of the Canton Basel-Landschaft

        • -2.4% BARC.LN (Barclays £1.40, -0.03) -- Qatar said be offering ~362M Barclays shares -- Bloomberg

        • -2.4% PMI.LN (Premier Miton Group £0.61, -0.02) -- FY earnings

        • -1.9% VCT.LN (Victrex £14.22, -0.27) -- FY earnings

        • -1.3% CDA.FP (Compagnie des Alpes €13.92, -0.18) -- FY earnings

    • EU companies reporting tomorrow:

      • Benelux: Vivoryon Therapeutics (VVY.NA)

      • DACHs: Schaffner (SAHN.SW)

      • France: Oeneo (SBT.FP)

      • Nordics: Clas Ohlson (CLAS.B.SS)

      • UK: TUI Group (TUI.LN), Paragon Banking (PAG.LN), Redde Northgate (REDD.LN)

      • Trading update: British American Tobacco (BATS.LN)

      • Traffic: Norwegian Air Shuttle (NAS.NO)

      • CMD/events: Rio Tinto (RIO.LN), The Weir Group (WEIR.LN), Sberbank Russia (SBER.RU), Bufab (BUFAB.SS)

      • Holidays: Finland (Independence Day)

  • Data:

    • Economics:

      • Nov Services PMI

        • Germany 49.5 vs preliminary 48.7

        • UK 50.9 vs preliminary 50.5

        • Eurozone 48.7 vs preliminary 48.2

        • France 45.4 vs preliminary 45.3

        • Sweden 48.3 vs consensus 49.1 and prior 48.5

        • Spain 51.0 vs consensus 51.5 and prior 51.5

      • Oct Industrial Production

        • France (0.3%) m/m vs consensus +0.2% and prior revised (0.6%) from (0.5%)

        • Spain (1.5%) y/y vs consensus (1.7%) and prior revised (1.2%) from (1.4%)

    • Markets:

      • WTI Crude (Jan 24): +$0.49 or +0.67% to $73.53

      • €-$ (0.0047) or (0.43%) to 1.0791

      • £-$ (0.0039) or (0.31%) to 1.2595

      • €-£ (0.0010) to 0.8567

      • S&P 500 (0.01%)

      • Performance year-to-date

        • FTSE 100: +0.52%

        • DAX: +18.73%

        • CAC: +14.05%

        • MIB: +26.83%

        • Stoxx 600: +10.05%

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