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 +0.91% to 7995.58, DAX (0.13%) to 17930.32, CAC40 (0.16%) to 8010.83, STOXX 600 +0.14% to 505.25

Apr 12 ,2024

  • Synopsis:

    • European equity markets closed mixed today. Norway +1.9% and the UK +0.9% lead outperformers, whilst Greece (1.1%) and Switzerland (0.8%) lead underperformers.

    • Risk off seen in US markets with some focus on latest ramp in geopolitical tensions, along with lack of NII guidance raises from US banks. Main focus this week has been further hawkish repricing of Fed pivot expectations following a third straight hotter core CPI print. On the contrary, ECB-speak after yesterday's policy decision supporting June cut and diverging from Fed policy. Markets pricing in less than two Fed rate cuts in 2024 while ECB seen cutting three times, though hawkish Fed policy might influence rate path. Notable repricing also in BoE outlook with outsized reaction to comments from MPC member Greene, though has sounded more hawkish before.

    • Macro data in Europe includes UK GDP data, which saw better three-month outturn and modest growth in monthly reading. Final CPI updates from Germany, France and Spain in line with flash. Swedish inflation supports May rate cut. ECB publish survey of professional forecasters unchanged from prior update. BoE published recommendations on policy from former Fed Chair Bernanke. Der Spiegel reports Germany's Lindner planning €20B tax relief to support economy.

    • On the reporting front, VARTA (VAR1.GR) share are sliding ~(29%) after updating on its restructuring plans, with Vår Energi (VAR.NO) and Petrofac (PFC.LN) also publishing updates; of note, ThyssenKrupp (TKA.GR) presented the initial conceptual outlines of a planned realignment of steel operations.

    • In M&A news, Societe Generale (GLE.FP) sold Société Générale Marocaine de Banques and La Marocaine Vie for €745M, whilst the CMA is considering whether PGS (PGS.NO) and TGS' (TGS.NO) planned combination creates relevant merger situation; also in the UK, ADNOC reported to have previously examined possible acquisition of BP (BP.LN).

    • Looking ahead to next week's calendar on Monday (see - Europe Week Ahead: 15-Apr to 19-Apr attached) Sulzer (SUN.SW), Broadpeak (ALBPK.FP), Mobico Group (MCG.LN), Ceres Power (CWR.LN), Equals Group (EQLS.LN), Sika (SIKA.SW), Bystronic (BYS.SW), Galp Energia (GALP.PL), PageGroup (PAGE.LN), Alphawave IP Group (AWE.LN), Audioboom (BOOM.LN) and Ekinops (EKI.FP) will be among other names to update investors, whilst the macro-calendar releases will include Switzerland Mar PPI, Norway Mar trade balance, Finland Mar CPI, Eurozone Feb industrial production.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Basic Resources +2.41%, Energy+2.38%, Utilities +1.95%, Health Care +0.49%, Telecom +0.19%, Construct & Mtls +0.11%,

      • Underperformers:

        • Consumer Products and Services (1.30%), Autos & Parts (1.30%), Travel & Leisure (1.15%), Chemicals (0.72%), Technology (0.72%), Personal Care Drug and Grocery Stores (0.59%), Insurance (0.33%), Media (0.29%), Food, Beverage and Tobacco (0.22%), Retail (0.18%), Ind Goods & Svcs (0.16%), Banks (0.04%), Real Estate +0.07%,

    • Macro/Peripheral markets:

      • Geopolitics

        • Israel Bracing for Unprecedented Direct Iran Attack in Days - Bloomberg

      • EU

        • Russia paid pro-Kremlin lawmakers to influence EU elections, says Belgium - FT

        • It's Time for the ECB to Diverge From Fed, Stournaras Says - Bloomberg

      • UK

        • Bernanke Urges BOE to Give Market Clearer Guidance on Rates - Bloomberg

        • Andrew Bailey refuses to apologise after damning review of inflation forecasts - The Telegraph

        • Left-wing voters turning their backs on Labour - The Telegraph

      • Germany

        • Lindner wants to cut taxes and reduce social spending - Handelsblatt

        • German government sees signs of trend reversal in the economy - Handelsblatt

        • Germany's Scholz, Georgia's Kobakhidze clash over foreign-funded NGO law - Reuters

      • Spain

        • Spain Likely to Get Partial EU Recovery Payment as Reform Stalls - Bloomberg

      • Greece

      • Hungary

        • Orban's new challenger gets green light to run at European elections - Reuters

      • Portugal

        • Portugal's new government clears first hurdles in parliament - Reuters

      • Norway

        • Norway Wealth Fund Private Equity Push Held up by Government - Bloomberg

    • Company news:

      • Trading Higher:

        • +20.9% GYLD.A.DC (Gyldendal A/S DKK1,330.00, +230.00) -- appoints new CFO

        • +7.4% FRES.LN (Fresnillo £6.22, +0.43) -- gold at another record high

        • +6.8% PMI.LN (Premier Miton Group £0.63, +0.04) -- Q2 update

        • +5.5% KENDR.NA (Kendrion €14.54, +0.76) -- sells Automotive business in Europe and US Solero Technologies LLC for €65M

        • +5.2% DOCM.SW (DocMorris CHF85.50, +4.25) -- initiated buy at Hauck & Aufhäuser

        • +5.0% NOD.NO (Nordic Semiconductor NOK94.24, +4.50) -- Danske Bank upgrade

        • +4.5% BIOVIC.B.SS (Biovica International SEK2.30, +0.10) -- announces an observational trial with DiviTum TKa has started at Mayo Clinic in Florida

        • +4.5% ORSTED.DC (Ørsted DKK405.00, +17.40) -- Oddo upgrade

        • +4.5% HOC.LN (Hochschild Mining £1.49, +0.06) -- gold at another record high

        • +4.4% HNSA.SS (Hansa Biopharma SEK30.40, +1.28) -- executes SEK372.2M directed share issue at SEK29.12/new share

        • +4.1% WAF.GR (Siltronic €84.40, +3.30) -- Hauck & Aufhäuser upgrade

        • +3.9% BAHN.B.SS (Bahnhof SEK45.50, +1.70) -- proposes new Chairman

        • +3.7% BP.LN (BP £5.39, +0.19) -- ADNOC reported to have previously examined possible acquisition of BP -- Reuters; EU sets a provisional deadline to rule on Gunvor Group's acquisition of 75% stake in a 785MW combined cycle power plant

        • +3.6% EVT.GR (Evotec €13.78, +0.48) -- Deutsche Bank upgrade

        • +3.4% TW.LN (Taylor Wimpey £1.35, +0.04) -- RBC Capital Markets and JPMorgan upgrades

        • +3.2% ATEA.NO (Atea NOK134.80, +4.20) -- Handelsbanken long-term recommendation upgrade

        • +2.2% ELE.SM (Endesa €17.31, +0.38) -- Mirabaud upgrade

        • +1.8% GLE.FP (Societe Generale €25.69, +0.46) -- reaches agreement with Saham Group for the disposal of Société Générale Marocaine de Banques and La Marocaine Vie

        • +1.5% BDEV.LN (Barratt Developments £4.60, +0.07) -- JPMorgan upgrade

        • +1.4% RDW.LN (Redrow £6.52, +0.09) -- JPMorgan upgrade

      • Trading Lower:

        • -44.4% RQIH.LN (R&Q Insurance Holdings £0.03, -0.02) -- nticipates significant group pre-tax loss for the year; expects closing of Accredited sale to occur in Q2; sells interest in jv with Obra

        • -30.4% VAR1.GR (VARTA €9.85, -4.30) -- provides update on restructuring plans

        • -21.7% CHEMM.DC (ChemoMetec DKK295.00, -81.60) -- prelim Q3 revenue

        • -21.7% PFC.LN (Petrofac £0.26, -0.07) -- issues update on strategic and financial options

        • -8.1% RBG.LN (Revolution Bars Group £0.02, -0.00) -- results of share placing through Cavendish

        • -5.9% INVP.LN (Investec £5.01, -0.32) -- UK's FCA writes to motor finance firms to remind them they must maintain adequate financial resources at all times

        • -5.9% VAIAS.FH (Vaisala €34.15, -2.15) -- Inderes downgrade

        • -1.8% JET2.LN (Jet2 £14.40, -0.26) -- RBC Capital Markets upgrade

    • EU companies reporting Monday:

      • Earnings:

        • DACHs: Sulzer (SUN.SW)

        • France: Broadpeak (ALBPK.FP)

      • UK: Mobico Group (MCG.LN), Ceres Power (CWR.LN), Equals Group (EQLS.LN)

      • Trading Update: Sika (SIKA.SW), Bystronic (BYS.SW), Galp Energia (GALP.PL), PageGroup (PAGE.LN), Alphawave IP Group (AWE.LN), Audioboom (BOOM.LN), Ekinops (EKI.FP)

  • Data:

    • Economics:

      • Germany Mar CPI +2.2% y/y vs preliminary +2.2%

      • Sweden Mar CPI +4.1% y/y vs consensus +4.4% and prior +4.5%

      • UK

        • Feb Industrial Production +1.4% y/y vs consensus +0.6% and prior revised +0.3% from +0.5%

        • Feb Visible Trade Balance (£14.21B) vs consensus (£14.5B) and prior revised (£14.10B) from (£14.52B)

        • Feb Construction Output (2.0%) y/y vs consensus (1.0%) and prior revised +2.0% from +0.7%

      • France Mar CPI +2.3% y/y vs preliminary +2.3%

      • Spain Mar CPI +3.2% y/y vs preliminary +3.2%

    • Markets:

      • WTI Crude (May 24): +$1.96 or +2.31% to $86.98

      • €-$ (0.0086) or (0.80%) to 1.0645

      • £-$ (0.0101) or (0.80%) to 1.2451

      • €-£ +0.0002 to 0.8548

      • S&P 500 (0.93%)

      • Performance year-to-date

        • FTSE 100: +3.39%

        • DAX: +7.04%

        • CAC: +6.20%

        • MIB: +11.24%

        • Stoxx 600: +5.48%

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