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 +0.07% to 7630.02, DAX +0.44% to 17678.19, CAC40 (0.34%) to 7927.43, STOXX 600 +0.00% to 494.61

Feb 29 ,2024

  • Synopsis:

    • European indices ended mostly mixed to higher. France and Spain buck the firmer trend. Construct&mtls, Insurance and media stocks outperform while Food&Bev and Health Care the main laggards.

    • No change in broader market sentiment. Markets continue to consolidate in Europe. Hawkish repricing of Fed pivot expectations and stretched positioning among the higher-profile overhangs. US headline and core January PCE price inflation came in right in line with expectations, with m/m rising slightly (and following January CPI) while y/y measures ticked down a bit. Initial and continuing jobless claims printed a bit higher than consensus. Focus turns to Eurozone CPI on Friday. No change in ECB rhetoric. Germany's Nagel pointed to importance of wage data for policy outlook. Reuter sources said ECB looking at more flexible framework for interbank lending and liquidity.

    • In European macro updates, German state inflation data eases on annual basis due to base effects; French CPI at lowest level since September 2021. Q4 GDP revised up to 0.1% q/q versus prior 0.0%. Other releases due include weaker-than-expected German retail sales and unemployment worse than forecast. LLoyds business barometer shows dip in UK confidence but firms plan to increase hiring.

    • A busy day for earnings updates; out of DACHs, Nordex (NDX1.GR), Kion Group (KGX.GR), Covestro (1COV.GR), Beiersdorf (BEI.GR), Adecco Group (ADEN.SW), Emmi (EMMB.SW), Andritz (ANDR.AV) and Erste Group Bank (EBS.AV) reported Q4/FY earnings. In France, Arkema (AKE.FP), Veolia (VIE.FP), Air France-KLM (AF.FP), SES (SESG.FP) and Technip Energies (TE.FP) issued Q4/FY numbers, with the latter announcing a dividend of €0.57/sh and a €100M buyback. In Southern Europe, Tecnicas Reunidas (TRE.SM), Fluidra (FDR.SM), Prysmian (PRY.IM) and Poste Italiane (PST.IM) updated investors with Q4/FY numbers. In Benelux, Anheuser-Busch InBev (ABI.BB), Ackermans & Van Haaren (ACKB.BB), Fugro (FUR.NA) and SBM Offshore (SBMO.NA) reported end-of-year earnings. In Nordics, Elekta (EKTA.B.SS), Subsea 7 (SUBC.NO) and Adevinta (ADE.NO) issued Q3/4 earnings. In the UK, London Stock Exchange Group (LSEG.LN), CRH plc (CRH.LN), International Consolidated Airlines Group (IAG.LN), Haleon (HLN.LN), Weir Group (WEIR.LN), Ocado Group (OCDO.LN), Serco Group (SRP.LN) and Schroders (SDR.LN) are amongst others in the region to update investors with their latest numbers. On the M&A front, Shell's (SHEL.LN) US solar business Savion reportedly puts a quarter of its assets up for sale.

    • Looking ahead to tomorrow's EU econ-calendar, notable releases will include, amongst others, Italy/Spain Feb manufacturing PMI, with final reads for Eurozone/France/Germany/UK, Eurozone/Italy Feb preliminary CPI and Jan unemployment rate, Italy 2024 GDP, and UK Feb house price index - Nationwide.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers

        • Construct & Mtls +1.27%, Insurance +1.10%, Media +0.93%, Utilities +0.76%, Ind Goods & Svcs +0.60%, Real Estate+0.59%, Financial Svcs +0.51%, Retail +0.51%, Basic Resources +0.50%

      • Underperformers

        • Food & Beverage (0.81%), Health Care (0.64%), Travel & Leisure (0.35%), Autos & Parts (0.18%), Technology (0.05%), Persnl & HHold Goods (0.05%), Telecom (0.01%), Banks +0.02%, Chemicals +0.07%, Oil & Gas +0.11%

    • Macro:

      • Central Banks:

        • ECB to cut rates in June, but economists split on risk around timing -- Reuters

        • German Inflation Slows Further, Backing ECB's Rate-Cut Plan -- Bloomberg

        • UK Treasury Names Clare Lombardelli as BOE Deputy Governor -- Bloomberg

      • UK:

        • UK mortgage approvals surge to highest level since October 2022, BoE data shows -- FT

        • UK vows to bring legislation to create football regulator before election -- FT

      • Germany:

        • German homebuilding permits tumble 27% in 2023 amid real estate rout -- TheBusinessTimes

      • France:

        • Macron turns to Qatar for greater influence in the Middle East -- LeMonde

      • Italy:

        • Italy Courts Tesla And 3 Chinese Brands For Local Car Production -- Carscoops

    • Company news:

      • Notable Gainers

        • +35.0% RENX.LN (Renalytix £0.34, +0.11) -- kidneyintelX.dkd test added by United States Gov. to its 10-year Governmentwide Acquisition Contract (GWAC); pricing is set at $950 per reportable result

        • +25.4% GREENH.DC (Green Hydrogen Systems DKK6.90, +1.35) -- reaches technical proof of concept for the X-Series electrolyser prototype

        • +22.8% WIN.LN (Wincanton £6.09, +1.16) -- GXO announces 605p/share offer to acquire Wincanton

        • +14.9% S92.GR (SMA Solar Technology €53.10, +7.13) -- prelim FY earnings

        • +13.3% SPM.IM (Saipem €1.61, +0.20) -- Q4 earnings

        • +12.0% CLARI.FP (Clariane €2.10, +0.21) -- FY earnings; to sell Berkley Care Network in UK for £207M; to sell all UK assets and activities to Elevation Healthcare Property for ~€243M

        • +11.6% INTEG.B.SS (Integrum SEK51.20, +5.00) -- Q3 earnings

        • +11.2% DRX.LN (Drax Group £4.49, +0.47) -- FY earnings

        • +9.7% BWO.NO (BW Offshore NOK24.72, +2.26) -- Q4 earnings

        • +9.2% NDX1.GR (Nordex €10.16, +0.88) -- FY earnings

        • +8.6% FDR.SM (Fluidra €21.42, +1.71) -- FY earnings

        • +8.2% NN.NA (NN Group €41.13, +3.14) -- FY earnings

        • +7.8% FUR.NA (Fugro €20.66, +1.47) -- FY earnings

        • +7.0% HWDN.LN (Howden Joinery Group £8.32, +0.54) -- FY earnings

        • +6.5% KGX.GR (Kion Group €45.75, +2.86) -- FY earnings

        • +6.2% CRH.LN (CRH plc £66.58, +3.82) -- FY earnings; new $300M tranche of share buyback

        • +5.8% EMMN.SW (Emmi CHF895.00, +49.00) -- FY earnings

        • +5.6% HLN.LN (Haleon £3.38, +0.18) -- FY earnings

        • +5.5% REMEDY.FH (Remedy Entertainment €16.76, +0.88) -- acquires full rights to Control franchise from 505 Games

        • +5.3% SUBC.NO (Subsea 7 NOK153.55, +7.75) -- Q4 earnings

        • +5.0% ENOG.LN (Energean £10.33, +0.48) -- signs new GSPA with Eshkol Energies Generation; provides update on Karish North

        • +4.9% MONC.IM (Moncler €66.74, +3.12) -- FY earnings

        • +4.7% NEOEN.FP (Neoen €23.20, +1.04) -- FY earnings

        • +4.5% SRP.LN (Serco Group £1.91, +0.08) -- FY earnings

        • +4.5% UMG.NA (Universal Music Group €28.20, +1.20) -- Q4 earnings

        • +4.4% EXN.FP (Exclusive Networks €18.12, +0.76) -- FY earnings

        • +4.4% LSG.NO (Lerøy Seafood Group NOK46.54, +1.96) -- SEB upgrade

        • +4.1% FGR.FP (Eiffage €101.60, +3.98) -- FY earnings

        • +3.5% ALLFG.NA (Allfunds Group €6.66, +0.22) -- FY earnings

        • +3.5% 1SXP.GR (SCHOTT Pharma $43.00, +1.40) -- Q1 earnings

        • +3.0% A3M.SM (ATRESMEDIA €3.81, +0.11) -- FY earnings

      • Notable Decliners

        • -43.3% EAPI.FP (Euroapi €3.41, -2.94) -- FY earnings; Oddo downgrade

        • -38.9% AMS.SW (ams-OSRAM CHF1.34, -0.86) -- to re-assess microLED strategy, record non-cash impairment charges, adjust mid-term revenue growth target; Vontobel and Oddo downgrades

        • -34.9% GRF.SM (Grifols €11.11, -4.07) -- FY earnings

        • -27.0% AVCT.LN (Avacta Group £0.54, -0.20) -- places 51.3M shares at offer price of 50p/share

        • -23.4% VOW.NO (Vow ASA NOK7.91, -2.20) -- FY earnings

        • -21.6% POLX.LN (Polarean Imaging £0.04, -0.01) -- trading update

        • -20.2% NXI.FP (Nexity €10.16, -2.68) -- FY earnings

        • -18.6% AIXA.GR (Aixtron €27.11, -5.86) -- Q4 earnings

        • -13.3% BIKE.GR (Bike24 Holding €1.64, -0.24) -- prelim FY earnings

        • -11.2% GDS.FP (Ramsay Générale de Santé €17.30, -2.00) -- H1 earnings

        • -10.0% PAT.GR (Patrizia €7.64, -0.82) -- prelim FY earnings

        • -8.8% BWLPG.NO (BW LPG NOK120.70, -11.80) -- Q4 earnings

        • -8.6% AF.FP (Air France-KLM €10.46, -0.98) -- Q4 earnings

        • -7.3% AMS.SM (Amadeus IT Group €54.94, -4.30) -- Shift4 Payments trading higher after report Fiserv and Amadeus IT Group are considering acquiring - Reuters; Caixabank and BofA downgrades

        • -6.4% AML.LN (Aston Martin Lagonda Global Holdings £1.72, -0.12) -- Oddo downgrade

        • -5.5% SESG.FP (SES €6.13, -0.35) -- FY earnings

        • -5.2% ADEN.SW (Adecco Group CHF35.90, -1.94) -- Q4 earnings

        • -4.5% CMCOM.NA (CM.com €7.93, -0.38) -- FY earnings

        • -4.4% EBS.AV (Erste Group Bank €37.29, -1.69) -- Q4 earnings

        • -4.0% RBREW.DC (Royal Unibrew DKK447.50, -18.50) -- Q4 earnings

        • -3.4% ANDR.AV (Andritz €58.20, -2.05) -- Q4 earnings

        • -3.3% BB.FP (Bic €65.85, -2.30) -- UBS downgrade

        • -2.9% DHG.ID (Dalata Hotel Group €4.48, -0.14) -- FY earnings

        • -2.3% WEIR.LN (Weir Group £18.16, -0.44) -- FY earnings

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Aegon Ltd. (AGN.NA), IMCD (IMCD.NA), Bekaert (BEKB.BB), Corbion (CRBN.NA), Heijmans (HEIJM.NA), Roularta Media (ROU.BB)

        • DACHs: Kuhne + Nagel International (KNIN.SW), Daimler Truck Holding (DTG.GR), Bucher Industries (BUCN.SW)

        • France: Vallourec (VK.FP), etablissements Maurel & Prom (MAU.FP)

        • Nordics: Schouw & Co (SCHO.DC), Kamux (KAMUX.FH)

        • UK: Pearson (PSON.LN), IMI (IMI.LN), Rightmove (RMV.LN), Tritax Big Box REIT (BBOX.LN)

  • Data:

    • Economics:

      • Germany

        • Jan Retail Sales y/y (1.4%) vs consensus (1.5%) and prior revised to (1.7%) from (1.7%)

        • Feb Unemployment Change +11K vs consensus +7K and prior (2K)

        • Unemployment Rate 5.9% vs consensus 5.8% and prior 5.8%

      • France

        • Jan

          • Consumer Goods Spending (0.3%) m/m vs consensus (0.2%) and prior +0.3%

          • PPI m/m (1.3%) vs prior +0.1%

        • Feb Preliminary CPI +2.9% y/y vs cons +2.8% and prior +3.1%; +0.8% m/m vs cons +0.7% and prior revised (0.2%) from (0.3%)

        • Q4 Final GDP+0.1% q/q vs consensus 0% and prior 0%

      • Spain Feb Preliminary CPI y/y +2.8% vs prior +3.4%

      • Switzerland

        • Feb KOF Leading Indicator 101.6 vs prior revised to 101.5 from 101.5

        • Q4 GDP y/y +0.6% vs prior revised to +0.3% from +0.3%

      • UK Jan

        • BoE Mortgage Approvals 55.23K vs consensus 52.0K and prior revised to 51.51K from 50.46K

        • M4 MoneySupply(0.1%) m/m vs consensus +0.3% and prior +0.5%

    • Markets:

      • WTI Crude (Apr 24): +$0.18 or +0.23% to $78.72

      • €-$ (0.0022) or (0.20%) to 1.0813

      • £-$ (0.0023) or (0.18%) to 1.2639

      • €-£ (0.0007) to 0.8555

      • S&P 500 +0.14%

      • Performance year-to-date:

        • FTSE 100: (1.33%)

        • DAX: +5.53%

        • CAC: +5.09%

        • MIB: +7.57%

        • Stoxx 600: +3.26%

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