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 - Europe Pre-Open: Futures: FTSE (1.01%), DAX (0.95%), CAC (0.76%)

Apr 16 ,2024

  • Synopsis

    • European equity markets set to open lower amidst Asian equities sharply lower Tuesday. Risk aversion attributed to latest ramp in Middle East tensions while disappointing China data adding to bearish sentiment. Losses intensifying in China, Japan, Korea, Australia and Taiwan. S&P 500 futures extending declines afterhours.

    • Middle East tensions continue to weigh on risk sentiment as initial optimism for a de-escalation gives way to fears over full-blown conflict after Israel vowed to respond forcefully. US and allies working to prevent escalation and expressed opposition to retaliatory strike, though question now more a matter of when than if Israel will retaliate. Iran also threatened to respond "within seconds" to any strike. However, headlines remain fluid with Israel also saying it is not looking to spark all-out war.

    • On today's agenda, In the UK, MPs questions on Energy Security and Net Zero kicks off the day's business that also sees Tobacco and Vapes Bill continuing its passage. Committee topics include appointment of Clare Lombardelli as new Deputy Governor of BOE (10:15BST). All of the Lords seven amendments to the Safety of Rwanda (Asylum and Immigration) Bill were rejected by MPs, bill now returns to House of Lords. EU's Vestager participates in an Interview at 9:05CET at POLITICO Live's Tech & AI Summit. EU's Simson speech at the 9th Just Transition Platform conf. EU's Sinkevi�?ius participates in the 9th 'Our Ocean' conf (Mon thru Wed)

    • In central banks, Bank of Finland's Rehn press conf at 10:00CET on the euro area's economic outlook and monetary policy. Bundesbank's Nagel panellist at 16:30CET at event organised by Massachusetts Institute of Technology and speech at 22:00 at event at Harvard Univ. BOE's Bailey live interview at 18:00BST on IMF today. IMF world economic outlook press conf at 14:00BST. Bank of France's Villeroy speaks at 17:00CET at The Economic Club of NY, webinar starts at 17:30. Central Bank of Croatia's Vuj�?ić speaks at Annual Conf on EU-US Competitiveness in Honor of Donald Blinken ~19:00BST

    • Macro data release include Germany Apr ZEW survey, UK Mar claimant count change, Feb unemployment rate, Italy Mar final CPI, Feb trade balance, Eurozone Feb trade balance

    • In Corporate news, Ericsson (ERIC.B.SS) reports Q1 adj EBITA SEK 5.10B vs consensus SEK3.35B; expects sales to stabilize during H2. Sika Group (SIKA.SW) issued its Q1 revenue of CHF2.65B vs FactSet CHF2.68B. In The Netherlands, B&S Group (BSGR.NA) reported FY earnings and proposed a dividend of €0.16/share vs year-ago €0.12/share. Note LVMH (MC.FP) due to report after the market close. Beiersdorf (BEI.GR) also reporting today.

    • In M&A, Reuters reported that Eni (ENI.IM) is said to be weighing sale of minority interests in units by the end of the year to raise ~€1.3B. In France, Bloomberg reported that Final bidders for Alstom's (ALO.FP) signaling subsidiary include Wabtec (WAB), Siemens (SIE.GR), and Fortress Investment Group with the unit is being valued at ~$600M.

  • Politics/Macro/World News

    • Israel Vows Response to Iran as US and Allies Urge Restraint - Bloomberg

    • Scholz Says He'll Raise Trade Rules, Ukraine in Xi Talks - Bloomberg

    • EU leaders set to revive capital markets union plan in search for defence funding - FT

    • Europe restarts magnesium mining to counter reliance on China - FT

  • Top company news

    • Earnings/updates

      • DACHs

        • CICN.SW (Cicor Technologies) -- achieves Q1 sales +11.8% to CHF107.3M vs year-ago CHF96.0M

        • SIKA.SW (Sika Group) -- reports Q1 revenue CHF2.65B vs FactSet CHF2.68B

        • PSM.GR (ProSiebenSat.1 Media) -- reports preliminary Q1 adjusted net income €8M vs year-ago (€15M)

        • DOCM.SW (DocMorris) -- reports Q1 revenue CHF245.9M vs FactSet CHF242.7M; reaffirms FY guidance

        • DRW3.GR (Drägerwerk) -- reports preliminary EBIT of around €15M

        • NDX1.GR (Nordex Group) -- reports Q1 order intake 2.1 GW

        • PSG.GR (PharmaSGP Holding) -- reports FY revenue €101.1M vs FactSet €98.4M

      • Nordics

        • SEDANA.SS (Sedana Medical) -- guides FY24 revenue adjusted for currency +14-18% y/y vs FactSet +19.6% in Annual Report

        • TFBANK.SS (TF Bank) -- reports Q1 EPS SEK5.04 vs FactSet SEK4.72

        • ERIC.B.SS (Telefonaktiebolaget LM Ericsson) -- reports Q1 adj EBITA SEK 5.10B vs consensus SEK3.35B; expects sales to stabilize during H2

        • MGN.NO (Magnora) -- reports Q1 EPS (NOK0.02) vs year-ago NOK0.22

        • HMS.SS (HMS Networks) -- reports Q1 EPS SEK2.35 ex-items vs FactSet SEK1.73

      • Benelux

        • BSGR.NA (B&S Group) -- reports FY net income attributable €33.8M vs FactSet €30.8M

    • M&A

      • PSM.GR (ProSiebenSat.1 Media) -- MFE-MediaForEurope held talks in recent months with banks ready to fund potential bid for ProSiebenSat.1 Media - Reuters

      • ENI.IM (Eni) -- said to be weighing sale of minority interests in units by the end of the year to raise ~€1.3B -- Reuters

      • ALO.FP (Alstom) -- Final bidders for Alstom's signaling subsidiary include Wabtec, Siemens, and Fortress Investment Group - Bloomberg (earlier)

      • FRVIA.FP (Forvia) -- announces agreement to transfer its 100%-owned subsidiary Hug Engineering to the Belgian OGEPAR Group for an enterprise value of c. €55M

      • WG.LN (John Wood Group) -- holder Sparta Capital Management reportedly seeking sale or US listing -- Sky News

      • SPSN.SW (Swiss Prime Site) -- completes acquisition of real estate asset manager Fundamenta Group

      • MN.IM (Arnoldo Mondadori Editore) -- signs contract for acquisition of 100% of Chelsea Green Publishing for $5M in cash

      • TEF.SM (Telefonica) -- Spain's SEPI raises stake in Telefonica to 5% - El Confidencial (post-EU close 15-Apr)

    • Healthcare

      • NOVN.SW (Novartis) -- FDA approves Entresto Sprinkle sNDA; new formulation for pediatric patients

      • NOVN.SW (Novartis) -- presents results from pre-specified interim analysis of Phase III APPLAUSE-IgAN study of Fabhalta

      • MVIR.SS (Medivir) -- FDA grants orphan drug designation to Medivir drug candidate for Legg-Calve-Perthes Disease (LCPD)

    • Other

      • TRN.IM (TERNA Rete Elettrica Nazionale) -- agrees an increase to €2.255B the total amount of the ESG-linked revolving credit facility (post EU close 15-Apr)

      • Air New Zealand, Neste sign agreement for nine million litres of neat Neste MY Sustainable Aviation Fuel (15-Apr, post-NZ close)

  • Key rating changes

    • Upgrades

      • ADM.LN (Admiral Group) -- to outperform from sector perform at RBC Capital Markets

      • AZN.LN (AstraZeneca) -- to hold from sell at Deutsche Bank

      • ENC.SM (ENCE Energia y Celulosa) -- to hold from sell at Bestinver Securities

      • NVG.PL (The Navigator Co.) -- to buy from sell at Bestinver Securities

      • TIGO.SS (Millicom International Cellular) -- Millicom International Cellular short-term recommendation upgraded to buy from hold at Handelsbanken

      • WIHL.SS (Wihlborgs Fastigheter) -- to buy from hold at DnB Markets

      • SVS.LN (Savills) -- to buy from hold at HSBC

      • BARN.SW (Barry Callebaut) -- to buy from hold at Stifel

      • EUROB.GA (Eurobank Ergasias Services & Holdings) -- to buy from neutral at Goldman Sachs

    • Downgrades

      • MT.NA (ArcelorMittal) -- to hold from buy at Deutsche Bank

      • LOGN.SW (Logitech International) -- to sell from hold at Deutsche Bank

      • SAAB.B.SS (Saab) -- to hold from buy at Carnegie Securities

      • EQT.SS (EQT AB) -- to underperform from neutral at Autonomous Research

      • BRG.NO (Borregaard) -- Borregaard long-term recommendation downgraded to market perform from outperform at Handelsbanken

      • ALPHA.GA (Alpha Services & Holdings) -- to neutral from buy at Goldman Sachs

      • SSAB.A.SS (SSAB) -- to neutral from overweight at JPMorgan

      • VOE.AV (Voestalpine) -- to underweight from neutral at JPMorgan

      • ACX.SM (Acerinox) -- to underweight from overweight at JPMorgan

    • Initiations

      • R3NK.GR (Renk Group) -- neutral at JPMorgan

    • Other Actions

      • AD.NA (Koninklijke Ahold Delhaize) -- resumed market perform at Bernstein

      • UHR.SW (Swatch Group) -- assumed equal-weight at Morgan Stanley; prior rating was equal-weight

  • Data

    • Nikkei (1.71%) to 38561.95

    • Hang Seng (1.57%) to 16339.04

    • Shanghai Composite (0.62%) to 3038.46

    • S&P futures (4.8) vs prior close of 5104.0

    • €-$ (0.0008) or (0.08%) to 1.0619

    • $-¥ +0.06 or +0.04% to 154.33

    • €-¥ (0.02) or (0.01%) to 163.88

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