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 (0.66%), DAX30 (0.24%), CAC40 (0.16%)

Jun 10 ,2024

  • Synopsis

    • European equity markets are set to open lower amidst mixed trading in Asia Monday. Japan trading higher while South Korea and New Zealand tracking moderate losses. Activity light elsewhere in the region with mainland China, Hong Kong and Taiwan closed for the Dragon Boat Festival, while Australia offline for the King's Birthday. US contracts lacking direction following mild losses in Friday's main session.

    • EU Parliament election took place on Sun (9th) (current seat projection). Far-right top polls in EU election in Germany, France, Austria with Ifop estimating France's Le Pen's National Rally party won 32% support, well ahead of the Renaissance party with 15% whilst German Chancellor Scholz's Social Democrats suffered their worst defeat, falling behind opposition conservatives and far-right Alternative. Italian Prime Minister Meloni's Brothers of Italy's party also projected to beat left-wing Democratic Party.

    • French President Macron called a snap election (first since 1997) with the Renaissance party facing a defeat to the far-right in the European Parliament elections Sunday, in a trend enveloping much of the region. In Belgian politics, right-wing New Flemish Alliance emerged as the biggest winner of elections in Belgium on Sunday; De Croo quits as PM

    • Other political events include Chancellor Scholz hosts Chilean President Boric in the afternoon, press conf. follows meeting. EU's Šef�?ovi�? speech at the Europe-Ukraine Energy Transition Hub event whilst EU's Vestager participates in the Destination Earth launch event.

    • In central banks, Latvia Central Bank's Kaz�?ks interview on TV3 900 seconds program (some time in the two hours from 7:25CET) whilst Bundesbank's Nagel speech at 11:30CET at change of office holder ceremony at one of the bank's regional offices. Publication at 10:00CET of the ECB latest survey of monetary analysts. Bank of Austria's Holzmann speaks at 13:00CET at OeNB, SUERF Annual Economic Conf. There's Conf. of Montreal 2024 "Leading In An Accelerating World", International Economic Forum of the Americas (through Wed) and Handelsblatt Summit Future IT 2024 (through Wed)

    • Macro data out include Italy, Greece, Netherlands and Sweden Apr industrial production, Norway May CPI, PPI, Eurozone Jun Sentix investor confidence, Greece May CPI, Denmark May CPI and Apr trade balance, Switzerland May consumer confidence - SECO

    • A light corporate front, Sulzer (SUN.SW) updated on its «Sulzer 2028» strategy in connection with today's CMD saying it targets Organic sales growth above market and EBITDA margin above 17%.

    • Prisma Properties, a fast-growing property owner and property developer, publishes prospectus and announces price for IPO on Nasdaq Stockholm - passing on sector - mkt cap ~SEK4.5B

  • Politics/Macro/World News

    • Macron calls snap election as far-right parties make substantial gains in EU elections - FT

    • Von der Leyen aims for a second term but still needs a deal - Politico

    • Netherlands Apr Manufacturing Production +0.4% m/m vs consensus +1.5% and prior revised (1.3%) from (1.5%)

  • Top company news

    • Earnings/updates

      • SUN.SW (Sulzer) -- updates on its «2028» strategy in connection with today's CMD

    • M&A

      • SG.IM (S.G.G. Holding S.p.A.) -- raises offer for SAES Getters to €28.0/share

      • ENEL.IM (Enel) -- Roughly six parties put in non-binding bids for Enel Green Energy's Indian assets - Economic Times (pre-Asian open)

      • ACA.FP (Credit Agricole) -- Crédit Agricole S.A. sold its remaining stake in Crédit du Maroc to the Moroccan group Holmarcom

      • IMCD.NA (IMCD) -- agrees to acquire Selechimica S.R.L. for an undisclosed sum

      • DOKA.SW (dormakaba Holding) -- dormakaba to sell dormakaba South Africa to management team; terms undisclosed

      • HLS.AU (Healius) -- Speculation bidders for Lumus Imaging could look to buy Healius as a whole - The Australian

      • METN.SW (Metall Zug) -- completes closing of JV between Metall Zug, Miele; expects to book one-off gain CHF65-70M

    • Healthcare

      • GSK.LN (GSK Plc) -- FDA approves Arexvy sBLA; expands RSV vaccine for adults aged 50-59 at increased risk

      • ROG.SW (Roche Holding) --

        • European Commission approves Roche's Alecensa as the first and only targeted adjuvant treatment for people with ALK-positive early-stage lung cancer

        • Roche four-in-one molecular test for SARS-CoV-2, Influenza A/B viruses and RSV receives U.S. FDA Emergency Use Authorization

      • 4523.JP (Eisai) -- FDA accepts Eisai's filing of LEQEMBI (lecanemab-irmb) sBLA for IV maintenance dosing for treatment of early Alzheimer's disease

      • SANN.SW (Santhera Pharmaceuticals Holding) -- Santhera announces launch of early access program in China for AGAMREE by its partner Sperogenix

    • Other

      • VIRI.FP (Viridien) -- formerly CGG, launches new brand to accelerate growth as an advanced technology company

      • AHT.LN (Ashtead Group) -- in early stages of considering moving listing to New York - Sunday Telegraph

      • PRY.IM (Prysmian) -- approves exercise of soft call on €750M equity-linked bonds due 2026; launches €375M share buyback program

      • SGSN.SW (SGS) -- publishes Net-Zero Transition Plan

      • SKG.LN (Smurfit Kappa Group) -- PLC to suspend trading on Euronext Dublin

      • VOLCAR.B.SS (Volvo Car) -- Volvo Cars moving production to Belgium to combat expected tariffs on China-made EVs - Sunday Times

      • MMB.FP (Lagardere) -- completes its refinancing operation of €1.95B and agrees new 5-year revolving credit facility of €700M

      • ECV.GR (Encavis AG) -- ENCAVIS AGM decides once again to cancel the dividend in favour of further growth

      • Estimated weekend box office revenues in US, Canada $98.6M, (40.3%) y/y - Box Office Mojo

      • May Dodge Momentum Index +2.7% m/m, vs April +6.1% m/m and March (8.6%) m/m

  • Key rating changes

    • Upgrades

      • GIVN.SW (Givaudan) -- equal weight from underweight at Barclays

      • BPE.IM (BPER Banca) -- neutral from underperform at Mediobanca

      • BESI.NA (BE Semiconductor Industries) --hold from sell at Deutsche Bank

      • COK.GR (CANCOM) -- to buy from hold at Deutsche Bank

    • Downgrades

      • NEOEN.FP (Neoen) -- equal weight from overweight at Barclays

      • STB.NO (Storebrand) -- reduce from hold at Kepler Cheuvreux

      • BNP.FP (BNP Paribas) -- hold from buy at Kepler Cheuvreux

      • AENA.SM (Aena S.M.E.) -- to neutral from buy at Goldman Sachs

    • Initiations

      • COTN (COMET Holding) -- buy at Deutsche Bank

      • IFCN.SW (Inficon Holding) -- hold at Detusche Bank

      • PUIG.SM (Puig Brands) --

        • overweight at JPMorgan

        • buy at Goldman Sachs

        • outperform at Oddo

        • outperform at Santander

        • neutral at BNP Paribas Exane

      • HEXA.B.SS (Hexagon) -- buy at Pareto

    • Other Actions

      • DCC.LN (DCC) -- transferred buy at Jefferies; prior rating was buy

      • SDIP.B.SS (Sdiptech) -- resumed buy at Nordea

  • Data

    • Nikkei +0.86% to 39015.79

    • Hang Seng +0.00% to 18366.95

    • Shanghai Composite +0.00% to 3051.28

    • S&P futures +0.8 vs prior close of 5355.8

    • €-$ (0.0017) or (0.16%) to 1.0753

    • $-¥ +0.31 or +0.20% to 157.07

    • €-¥ +0.04 or +0.02% to 168.89

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