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 +0.43% to 7679.31, DAX +0.10% to 17716.71, CAC40 +0.28% to 7954.74, STOXX 600 +0.39% to 498.20

Mar 06 ,2024

  • Synopsis:

    • European equity markets closed mixed to higher. Belgium +0.9%, The Netherlands and Spain +0.8% lead outperformers, whilst Denmark (0.4%) and Norway (0.3%) lead underperformers.

    • Comments from Fed Chair Powell, as expected. Said made progress on inflation but needs to be confident it is moving sustainably to target before cutting rates. Remarks come against backdrop of hawkish repricing as markets dial back rate cut expectations amid resilient growth and sticky inflation risks. Market particularly interested in getting any color on upcoming dot plot now that it is largely in with the Fed's 75 bp of easing from December meeting.

    • UK Budget dominates European macro calendar. No surprises with lot of the headlines already leaked, with cut in national insurance by 2% the main announcement. Has fueled speculation of May election. Kiel Institute and Ifo Institute cut German growth forecasts. Elsewhere, UK press talks up M&A pipeline for Europe.

    • On a light macro-calendar, Germany Jan Trade Balance surplus beats €27.5B vs consensus €21.5B and prior €22.2B, led by increase in exports up +6.3% vs 1.5% expected. Feb Construction PMI better than expected 39.1 vs consensus 38.0 and above from prior 36.3. Eurozone Jan Retail Sales in line with forecast m/m +0.1% and up from prior revised (0.6%) from (1.1%), though still down (1.0%) y/y vs consensus (1.3%) and prior revised (0.5%) from (0.8%).

    • On the reporting front, DACHs names kicked off the session with DHL Group (DHL.GR), Symrise (SY1.GR) and Addiko Bank (ADKO.AV) reporting FY/Q1 numbers. In France, SCOR SE (SCR.FP) and Dassault Aviation (AM.FP) issued end-of-year numbers, with the latter hiking dividend by 12% to €3.37/share and guiding FY24 revenue to the €6.00B range. In Southern Europe, ACEA (ACE.IM) reported FY earnings and approved the 2024-2028 business plan, and Indra (ISM) issued its strategic plan for 2024-2026 with a vision to 2030. In the Nordics, Sampo Group (SAMPO.FH), Bavarian (BAVA.DC), Norse Atlantic (NORSE.NO), and Norwegian Air Shuttle (NAS.NO) updated investors with their latest numbers. In Belgium, Elia Group (ELI.BB) issued FY earnings and raised dividend by 4.2% y/y. In the UK, ConvaTec Group (CTEC.LN), Tullow Oil (TLW.LN), Capita (CPI.LN), Breedon Group (BREE.LN), Legal & General Group (LGEN.LN), Lancashire Holdings (LRE.LN) and Quilter (QLT.LN) updated investors with their latest numbers. On the syndicate calendar, London Stock Exchange Group (LSEG.LN) holders Blackstone (BX) and Thomson Reuters (TRI.CN) placed ~15.9M shares at 8,980p/share while Antler sold 21.5M ordinary shares or 4.4% of Baltic Classifieds Group (BCG.LN) share capital, at a price of 220p/sh raising gross proceeds of £47.3M. On the M&A newsflow, press reports suggest Fincantieri (FCT.IM) in talks to buy Wass unit from Leonardo (LDO.IM).

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 4-Feb to 8-Feb attached) Merck (MRK.GR), Continental (CON.GR), Brenntag (BNR.GR), Deutsche Lufthansa (LHA.GR), GEA Group (G1A.GR), Hugo Boss (BOSS.GR), Vivendi (VIV.FP), Eurazeo (RF.FP), SPIE (SPIE.FP), Elis (ELIS.FP), JCDecaux (DEC.FP), Infrastrutture Wireless Italiane (INW.IM), Amplifon (AMP.IM), Azimut (AZM.IM), Harbour Energy (HBR.LN), Aviva (AV.LN), Rentokil Initial (RTO.LN), Melrose Industries (MRO.LN), Admiral Group (ADM.LN) and Spirax-Sarco Engineering (SPX.LN) will be among other names to update investors, whilst the macro-calendar releases will include Germany Jan factory orders, Switzerland Feb unemployment rate, Norway Jan manufacturing production, Denmark Jan manufacturing production, UK Feb house price index - Halifax, Greece Q4 GDP.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Technology +1.36%, Chemicals +1.30%, Energy+1.12%, Financial Svcs +1.09%, Retail +1.08%, Travel & Leisure +0.75%, Basic Resources +0.70%, Utilities +0.54%,

      • Underperformers:

        • Media (0.54%), Autos & Parts (0.28%), Personal Care Drug and Grocery Stores (0.05%), Food, Beverage and Tobacco (0.05%), Health Care (0.01%), Telecom +0.03%, Insurance +0.12%, Real Estate +0.12%, Construct & Mtls +0.19%, Consumer Products and Services +0.20%, Ind Goods & Svcs +0.27%,

    • Macro/Peripheral markets:

      • EU

        • "Von der Leyen's policies endanger our competitiveness" - Handelblatt

        • Von der Leyen endorses EPP's Rwanda plan to offshore asylum - euobserver

        • EU's conservatives take a victory lap, months ahead of European election - Politico

        • From migration crackdown to Green Deal overhaul: Key takeaways from the EPP manifesto - Euronews

      • UK

        • Jeremy Hunt cuts national insurance, abolishes non-dom status and raises child benefit threshold - The Guardian, The Telegraph, Sky news

          • The Budget showed Labour is setting the political rhythm - The new statesman

          • Spring Budget 2024: initial IFS response - IFS

          • CBI responds to Spring Budget 2024 - CBI release

        • UK to Sell £265 Billion Debt, Broadly Matching Market Estimates - Bloomberg

        • Office for Budget Responsibility latest economic and fiscal forecast - release

      • France

        • France overshoots deficit target and plans more spending cuts - FT

        • France and Moldova to sign defence pact amid fears of Russian destabilisation - Reuters

      • Germany

        • Germany sees welcome jump in exports for January - DW

      • Sweden

        • Swedish PM travels to US as NATO accession nears - Reuters

      • The Netherlands

        • etherlands Seeks to Prevent ASML Expansion Abroad, Report Says - Bloomberg

      • Greece

        • Three new bills, in addition to the new fiscal framework, are being prepared for submission to Parliament within 2024 - ekathimerini

        • Greece and Ireland discuss bilateral relations - ekathimerini

      • Ireland

        • National Asset Management Agency (NAMA) will complete its wind-down by the end of 2025 - RTE

    • Company news:

      • Trading Higher:

        • +35.1% IMM.LN (ImmuPharma £0.01, -0.00) -- financial, business and portfolio update

        • +19.9% SOLG.LN (SolGold £0.07, +0.01) -- project update

        • +11.5% PFD.LN (Premier Foods £1.58, +0.16) -- to suspend pension deficit contribution payments from 1-Apr-24

        • +9.2% LSL.LN (LSL Property Services £2.67, +0.22) -- trading update

        • +8.2% TUI1.GR (TUI Group €6.53, +0.50) -- Morgan Stanley upgrade

        • +8.1% SCR.FP (SCOR SE €30.13, +2.20) -- earnings

        • +6.9% FCT.IM (Fincantieri €0.50, +0.03) -- Fincantieri in talks to buy Wass unit from Leonardo (LDO.IM) - Milano Finanza, seemingly citing sources

        • +6.6% CALTX.SS (Calliditas Therapeutics SEK115.30, +7.10) -- additional seven year orphan drug exclusivity period for TARPEYO

        • +6.5% 8TRA.GR (TRATON €30.04, +1.86) -- follow-through

        • +6.5% SY1.GR (Symrise €101.05, +6.31) -- earnings

        • +6.3% NOS.PL (NOS SGPS €3.52, +0.21) -- earnings

        • +6.3% DIE.BB (D'Ieteren Group €184.60, +11.10) -- earnings

        • +5.9% NICL.LN (Nichols £10.80, +0.60) -- earnings

        • +5.9% IPH.FP (Innate Pharma €2.26, +0.13) -- first patient dosed in Phase 1/2 study of IPH6501

        • +5.8% BAVA.DC (Bavarian Nordic A/S DKK157.00, +8.75) -- earnings

        • +5.5% A5G.ID (AIB Group €4.52, +0.24) -- earnings

        • +5.5% SMHN.GR (SÜSS MicroTec €39.00, +2.10) -- added to TecDAX

        • +5.4% CTEC.LN (ConvaTec Group £2.70, +0.14) -- earnings

        • +5.4% CTEC.LN (ConvaTec Group £2.70, +0.14) -- earnings

        • +4.9% HPHA.GR (Heidelberg Pharma €3.16, +0.15) -- to present efficacy data at AACR Meeting 2024

        • +3.8% BORR.NO (Borr Drilling NOK65.75, +2.40) -- Chairman Tor Olav Trøim discloses purchase of 200K shares at an average price of $5.9962 per share

        • +3.8% ONT.LN (Oxford Nanopore Technologies £1.27, +0.05) -- earnings

        • +3.7% BREE.LN (Breedon Group £3.99, +0.14) -- earnings; acquires BMC Enterprises Inc. for EV of $300M (£238.1M)

        • +3.5% DOV.IM (doValue €1.93, +0.07) -- servicing agreement

        • +3.4% MSON.B.SS (Midsona SEK7.28, +0.24) -- presents new financial targets and strategy

        • +3.1% EUZ.GR (Eckert & Ziegler Strahlen- und Medizintechnik €38.74, +1.16) -- added to TecDAX

        • +3.1% LMP.LN (LondonMetric Property £1.91, +0.06) -- completes merger with LXi REIT plc; issues company update

      • Trading Lower:

        • -60.0% ESKN.LN (Esken Ltd. £0.00, -0.00) -- restructuring

        • -22.9% CPI.LN (Capita £0.16, -0.05) -- earnings

        • -17.2% GFG.GR (Global Fashion Group €0.32, -0.06) -- earnings

        • -13.6% CLAS.B.SS (Clas Ohlson SEK143.90, -22.40) -- earnings

        • -12.6% BRNK.GR (Branicks Group €1.20, -0.16) -- postpones publication 2023 financial statements; extension of terms of promissory note loans due in 2024

        • -12.6% GRF.SM (Grifols €6.68, -0.98) -- Moody's places B2 corporate family rating and other certain ratings on review for downgrade

        • -8.3% CTT.SS (CTT Systems SEK279.00, -25.00) -- Collins Aerospace divests shareholdings

        • -8.1% STG.DC (Scandinavian Tobacco Group DKK121.30, -10.30) -- earnings

        • -6.4% NYXH.BB (Nyxoah €12.65, -0.90) -- earnings

        • -6.0% DHL.GR (DHL Group €39.47, -2.49) -- earnings; DHL Group has no interest in DB Schenker - CNBC interview with CEO

        • -5.8% ELHA.GA (ElvalHalcor Hellenic Copper & Aluminium Industry €2.11, -0.13) -- earnings

        • -5.2% AM.FP (Dassault Aviation €184.30, -10.00) -- earnings

        • -4.4% IBST.LN (Ibstock £1.53, -0.07) -- earnings

        • -4.0% SIGHT.FP (GenSight Biologics €0.55, -0.02) -- update on data from early access programs

        • -2.9% RAA.GR (Rational €704.50, -21.50) -- deleted from the MDAX

  • EU companies reporting tomorrow:

    • Earnings:

      • Benelux: CTP (CTPNV.NL), Azelis Group (AZE.BB)

      • DACHs: Merck (MRK.GR), Continental (CON.GR), Brenntag (BNR.GR), Deutsche Lufthansa (LHA.GR), GEA Group (G1A.GR), Hugo Boss (BOSS.GR), ProSiebenSat.1 Media (PSM.GR), GRENKE (GLJ.GR), GFT Technologies (GFT.GR), Dragerwerk & Co. (DRW3.GR), MLP (MLP.GR), Deutsche Pfandbriefbank (PBB.GR), Avolta (AVOL.SW), Bachem (BANB.SW), SFS Group (SFSN.SW), Kardex (KARN.SW), Zumtobel (ZAG.AV), UNIQA Insurance (UQA.AV)

      • France: Vivendi (VIV.FP), Eurazeo (RF.FP), SPIE (SPIE.FP), Elis (ELIS.FP), JCDecaux (DEC.FP), Rubis (RUI.FP), STEF (STF.FP), Savencia (SAVE.FP), Sword Group (SWP.FP)

      • Nordics: TORM (TRMD.A.DC), Cambi (CAMBI.NO), Relais Group(RAP1V.FH), Rapala VMC (RAP1V.FH)

      • Southern Europe: Infrastrutture Wireless Italiane (INW.IM), Amplifon (AMP.IM), Azimut (AZM.IM), Tinexta (TNXT.IM), Fincantieri (FCT.IM), Ascopiave (ASC.IM), Digital Bros (DIB.IM), Eurobank Ergasias Services (EUROB.GA), Alpha Services (ALPHA.GA)

      • UK: Harbour Energy (HBR.LN), Aviva (AV.LN), Rentokil Initial (RTO.LN), Melrose Industries (MRO.LN), Admiral Group (ADM.LN), Spirax-Sarco Engineering (SPX.LN), Entain (ENT.LN), Beazley (BEZ.LN), Darktrace (DARK.LN), ITV (ITV.LN), Grafton (GFTU.LN), PageGroup (PAGE.LN), Coats Group (COA.LN), Just Group (JUST.LN), Elementis (ELM.LN), Kier Group (KIE.LN), Robert Walters (RWA.LN), Brooks MacDonald (BRK.LN), Tt Electronics (TTG.LN), Funding Circle (FCH.LN), Hansard Global (HSD.LN)

    • Trading Update: Rubis (RUI.FP)

    • Traffic: SAS (SAS.SS)

    • CMD/events: Telecom Italia (TIT.IM), Novo Nordisk (NOVO.B.DC), Securitas (SECU.B.SS), Tinexta (TNXT.IM)

Data:

  • Economics:

    • Eurozone Jan Retail Sales (1.0%) y/y vs cons (1.3%) and prior revised (0.5%) from (0.8%); +0.1% m/m vs cons +0.1% and prior revised (0.6%) from (1.1%)

    • UK Feb Construction PMI 49.7 vs consensus 49.0 and prior 48.8

    • Ireland Feb Unemployment Rate 4.2% vs consensus 4.6% and prior 4.5%

    • Germany

      • Jan Trade Balance €27.5B vs consensus €21.5B and prior €22.2B

      • Feb Construction PMI 39.1 vs consensus 38.0 and prior 36.3

      • GDP forecast 2024 +0.2% vs prior estimate +0.9%, 2025 +1.5% from +1.3% - Ifo

  • Markets:

    • WTI Crude (Apr 24): +$2.42 or +3.10% to $80.57

    • €-$ +0.0047 or +0.43% to 1.0905

    • £-$ +0.0042 or +0.33% to 1.2747

    • €-£ +0.0009 to 0.8554

    • S&P 500 +0.76%

    • Performance year-to-date

      • FTSE 100: (0.70%)

      • DAX: +5.76%

      • CAC: +5.46%

      • MIB: +9.94%

      • Stoxx 600: +4.01%

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