Leaving BNY Website

 

You are leaving the BNY 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

© 2024 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@bnymellon.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.

Back to Daily DR Market Summary

StreetAccount Summary - Europe Pre-Open: Futures: FTSE (0.10%), DAX30 +0.12%, CAC40 (0.18%)

Nov 05 ,2024

  • Synopsis

    • European equity markets are set to open mixed amidst Asia equities trading mostly higher Tuesday in a quiet session. Region being powered by gains in Japan and Greater China markets. Taiwan and Singapore also ahead, India flat to follow yesterday's steep losses. Australia lower, South Korea giving up some of Monday's gains.

    • All eyes on US election today with race extremely close after slew of polls indicated Trump and Harris deadlocked in battleground states that will decide election. Trump still betting market favorite though his odds have narrowed over recent days after some polls favored Harris. Result may not be known on the day with market volatility expected until there is clearer visibility on which party wins control of White House and Congress.

    • Also on today's agenda, in the UK, MPs continue to debate the budget, whilst committee topics include the budget (10:00GMT with reps of the Office of Budget Responsibility, 14:00 include rep of Institute for Fiscal Studies (IFS)), grey belt (10:45 includes rep from Barratt Redrow (BTRW.LN)) and Science, Innovation and Technology (14:15, government minister). Chancellor Scholz hosts Somali President Hassah Sheikh. Economist Croatia Business Summit, EU's Šuica among the speakers. UK Oct new car registrations are due to be released

    • In central banks, Bank of Latvia's Kazāks address at 9:10 CET at Latvia Fintech Forum and BOE's Bailey speech at 9:20GMT at Assn British Insurers conf. ECB's Lagarde speech at 15:30CET at French Competition Authority's 15th Anniversary Event in Paris. ECB's Schnabel speech at 19:30CET at Harvard Univ. Bank of Spain publishes Financial Stabilty Report (Autumn 2024). ECOFIN meeting, ECB's de Guindos among the participants.

    • European macro data releases out today include: France Sep industrial production, Spain Oct unemployment rate, Switzerland Oct unemployment rate, Sweden Oct services PMI, UK Oct final services PMI, retail sales monitor - BRC

    • A busy morning for earnings saw DACHs region names kicking off off the session with Zalando (ZAL.GR), Fraport (FRA.GR), Adecco Group (ADEN.SW), Fresenius Medical Care (FME.GR), Uniper (UN0.GR) and Hugo Boss (BOSS.GR) reporting Q3 earnings. In France, Exclusive Networks (EXN.FP) and Vicat (VCT.FP) released their Q3 revenue number and guidance for 2024, whilst Bouygues (EN.FP) reported Q3 earnings ahead of expectations and confirmed FY24 outlook.

    • In Nordics, SATS ASA (SATS.NO), Ambu (AMBU.B.DC), Coloplast (COLO.B.SS), Vestas Wind Systems (VWS.DC) and ISS A/S (ISS.DC) updated investors with their lates numbers. In Benelux, Syensqo (SYENS.BB) reported Q3 earnings and UCB (UCB.BB) announced the sale of two established brands and raised FY guidance.

    • In M&A, EQT X (EQT.SS), through Oak BidCo S.à r.l, has announced a public offer to the shareholders of OEM International (OEM.B.SS) to tender all their shares in the company to EQT at a price of SEK 110 in cash per share in deal valued at ~SEK 15.25B. Elsewhere, the shareholder of Salzgitter (SZG.GR) GP Günter Papenburg Aktiengesellschaft has notified the company that it considers, together with TSR Recycling GmbH & Co. KG, to submit a voluntary public takeover bid. Carrefour (CA.FP) is looking at ways to increase valuation, reports Bloomberg.

  • Politics/Macro/World News

    • Reeves to Join EU Finance Meeting Next Month in Labour Reset - Bloomberg

    • UK consumer spending slowed before last week's budget, retailers say - Reuters

    • A Third of UK Inflation Basket Is in Deflation, Analysis Finds - Bloomberg

    • EU fraud busters probe scheme to relabel banned Russian oil - Politico

  • Top company news

    • Earnings/updates

      • DACHs

        • ZAL.GR (Zalando) -- reports Q3 net income €44.3M vs FactSet €39.5M [5 est, €27.9-65.8M]; confirms FY guidance

        • ADEN.SW (Adecco Group) -- reports Q3 EPS €0.68 ex-items vs StreetAccount €0.67

        • FRA.GR (Fraport) -- reports Q3 net income €273.2M vs consensus €229M; guides FY24

        • RDC.GR (Redcare Pharmacy) -- reports Q3 net income (€7.1M) vs FactSet (€14.2M) [1 est]

        • KRN.GR (Krones) -- reports Q3 EPS €2.08 vs FactSet €2.14 [3 est, €2.10-2.19]; reaffirms FY guidance

        • OERL.SW (OC Oerlikon Corp.) -- reports Q3 operational EBITDA CHF98M vs FactSet CHF91.2M [5 est, CHF88-95M]

        • BCHN.SW (Burckhardt Compression Holding) -- reports H1 EPS CHF10.99 vs year-ago CHF9.61

        • NXU.GR (NEXUS) -- reports Q3 EPS €0.46 vs FactSet €0.36 [1 est]

        • NOEJ.GR (Norma Group) -- reports Q3 adjusted EPS €0.32 vs FactSet €0.27

        • FME.GR (Fresenius Medical Care) -- reports Q3 EPS €0.67 vs consensus €0.67; confirms its outlook for FY24

        • CICN.SW (Cicor Technologies) -- updates its mid-term financial targets - CMD

        • SENS.SW (Sensirion ) --presents its updated growth strategy at the Capital Market Day

        • POST.AV (Oesterreichische Post) -- reports Q3 EPS €0.37 vs FactSet €0.30 [1 est]; guides FY Revenue of €3B vs FactSet €3.03B

        • BOSS.GR (Hugo Boss) -- reports Q3 EPS €0.79 vs consensus €0.81; Full-year 2024 outlook confirmed

        • UN0.GR (Uniper) -- reports 9M adj net income €1.28B vs year-ago €3.74B; FY24 outlook updated in August reaffirmed

      • Benelux

        • UCB.BB (UCB) -- announces sale of two established brands and raises FY guidance

        • SYENS.BB (Syensqo) -- reports Q3 underlying EPS €1.56 vs FactSet €1.63 [3 est, €1.55-1.75]; FY outlook ranges updated, including impact of strike at Boeing

        • SHUR.BB (Shurgard Self Storage) -- reports Q3 EPS €0.47 ex-items vs year-ago €0.48; revises FY outlook to include Lok'nStore acquisition

      • France

        • ALCLS.FP (Cellectis SA) -- reports Q3 EPS ($0.23) vs FactSet ($0.20) [6 est, ($0.31)-(0.03)]

        • EXN.FP (Exclusive Networks) -- reports Q3 revenue €1.33B, +9% vs year-ago €1.23B; confirms FY guidance

        • VCT.FP (Vicat) -- reports Q3 revenue €979M, (7%) vs year-ago €1.05B

        • S30.FP (Solutions 30) -- reports Q3 revenue €225.4M, (10%) vs year-ago €250.7M

        • EN.FP (Bouygues) -- reports Q3 Current Operating Profit from activities €1.72B vs consensus €1.63B; confirms group outlook for 2024

      • Nordics

        • AMBU.B.DC (Ambu) -- reports Q4 EPS (DKK0.51) including impairment mainly relating within gastroenterology

        • BAKKA.NO (Bakkafrost) -- reports Q3 operational EBIT DKK173M vs FactSet DKK247.3M [11 est, DKK176.0-301.7M]

        • CS.SS (Coinshares International) -- reports Q3 net income £14.2M vs FactSet £16.3M [3 est, £10.8-20M]

        • TAALA.FH (Taaleri) -- reports Q3 EPS €0.38 vs FactSet €0.29

        • SATS.NO (SATS ASA) -- reports Q3 EPS NOK0.35 vs FactSet NOK0.32

        • SMCRT.NO (SmartCraft) -- reports Q3 net income NOK21.8M vs FactSet NOK32.5M [4 est, NOK30.5-35.2M]; Reiterates medium-term outlook

        • ACAST.SS (Acast) -- reports Q3 EPS (SEK0.15) vs year-ago SEK0.13

        • IDUN.B.SS (Idun Industrier) -- reports Q3 EPS SEK2.90 vs FactSet SEK2.50 [1 est]

        • NOHO.FH (NoHo Partners) -- reports Q3 EPS €0.14 vs FactSet €0.16 [4 est, €0.14-0.18]; reaffirms FY outlook

        • KOA.NO (Kongsberg Automotive) -- reports Q3 net income (€4.0M) vs FactSet (€0.5M) [1 est]; lowers FY EBIT to €18-23M vs prior €28-35M and FactSet €34.90M

        • COLO.B.DC (Coloplast) -- reports Q4 net income DKK1.31B vs consensus DKK1.29B

        • ISS.DC (ISS A/S) -- reports Q3 revenue DKK20.27B vs consensus DKK20.87B; increases buyback by DKK250M and keeps FY24 outlook unchanged

        • NCAB.SS (NCAB Group) -- reports Q3 EPS SEK0.27 vs FactSet SEK0.31

        • RAIVV.FH (Raisio) -- reports Q3 EPS €0.03 vs FactSet €0.04

        • RVRC.SS (RVRC Holding) -- reports Q1 EPS SEK0.40 vs FactSet SEK0.48

        • TETY.SS (Tethys Oil) -- reports Q3 EPS ($0.01) vs FactSet $0.16 [1 est]; now guides FY Production to be 7,800-8,000 bopd vs prior 7,800-8,200 bopd

        • QLINEA.SS (Q-linea) -- reports Q3 EPS (SEK0.36) vs year-ago (SEK0.56)

        • IPCO.SS (International Petroleum Corp0 -- reports Q3 net income $22.9M vs FactSet $30.1M

        • CAPSL.NO (Capsol Technologies) -- reports Q3 EPS (NOK0.11) vs FactSet (NOK0.16)

        • VWS.DC (Vestas Wind Systems) -- reports Q3 net income €127M vs consensus €243M

      • Also due to report today includes:

        • Earnings:

          • Denmark: Orsted (ORSTED.DC), Topdanmark (TOP.DC), KObenhavns Lufthavne (KBHL.DC), NNIT (NNIT.DC), Columbus (COLUM.DC), North Media (NORTHM.DC)

          • Finland: Lemonsoft (LEMON.FH)

          • France:Coface (COFA.FP)

          • Germany: Deutsche Post (DHL.GR), Bayer (BAYN.GR),

          • Norway: Odfjell (ODF.NO), LINK Mobility Group (LINK.NO), Solstad Offshore (SOFF.NO), Hexagon Purus (HPUR.NO),

          • Southern Europe: Infrastrutture Wireless Italiane (INW.IM), FinecoBank (FBK.IM), Credito Emiliano (CE.IM), Banca Popolare di Sondrio (BPSO.IM), Industrie De Nora (DNR.IM), Gestamp Automocion (GEST.SM)

          • Sweden: Cibus Nordic Real Estate (CIBUS.SS), Boozt (BOOZT.SS), Nobia (NOBI.SS), Vicore Pharma (VICO.SS), Awardit (AWRD.SS)

          • UK: Associated British Foods (ABF.LN), ASOS (ASC.LN), Smiths News (SNWS.LN)

        • Trading Update:

          • Benelux: Jensen-Group (JEN.BB)

          • DACHs: flatexDEGIRO (FTK.GR)

          • France: Neoen (NEOEN.FP), Rubis (RUI.FP), Maat Pharma (MAAT.FP), HERIGE (ALHRG.FP)

          • Nordics: Nordnet (SAVE.SS), Avanza Bank (AZA.SS),

          • Southern Europe: Buzzi (BZU.IM), Applus Services (APPS.SM)

          • UK/Ireland: Schroders (SDR.LN), TP ICAP Group (TCAP.LN), International Workplace Group (IWG.LN), TI Fluid Systems (TIFS.LN), AIB Group (A5G.ID)

        • CMD/events: MAPFE (MAP.SM),

    • M&A

      • SZG.GR (Salzgitter) -- notified of potential voluntary public takeover bid to shareholders

      • CRH.LN (CRH plc) -- CRH paid at least A$400M ($263.3M) for Civilmart - Australian Financial Review, citing sources

      • SGSN.SW (SGS) -- North America acquires Beta Analytic

      • CA.FP (Carrefour) -- looking at ways to increase valuation -- Bloomberg

      • EQT.SS (EQT AB) -- EQT emerges as frontrunner to acquire Waste Services Group - The Australian

      • RBT.FP (Robertet) -- to acquire Phasex in the US; terms undisclosed

      • FNAC.FP (Fnac Darty) -- announces reopening of the tender period for UniEuro until 8-Nov

      • ADJ.GR (ADLER Group) -- LEG Immobilien subsidiary enters agreement with Adler to acquire 52.7% of shares in BCP Property

      • TRX.LN (Tissue Regenix Group) -- notes media speculation and confirms it is conducting a review of the company's strategic options that may include soliciting offers for the company

    • Healthcare

      • SOBI.SS (Swedish Orphan Biovitrum) -- announces David Meek proposed as new chair of the board

      • NYXH.BB (Nyxoah) -- appoints John Landry as CFO; effective 4-Nov-24

      • PHXM.FP (Phaxiam Therapeutics) -- receives Investigational New Drug approval (IND) for its Phase II study, GLORIA, in Prosthetic Joint Infections (PJI) caused by Staphylococcus aureus (S. aureus)

    • Other

      • NESTE.FH (Neste) -- Neste, Technip, Alterra Energy to collaborate on standardized solution for chemical recycling

      • CBK.GR (Commerzbank) -- working on plan to keep expected growth in risk-weighted assets several billion euros below current 2027 goal - Bloomberg (4-Nov, 14:02 CET)

      • KOG.NO (Kongsberg Gruppen) -- awarded $329M US Navy contract action

      • Apple considering push into smart glasses with internal study of products currently on the market - Bloomberg

      • Italy Oct new passenger car registrations 126,488 units, (9.1%) y/y -- UNRAE

  • Key rating changes

    • Upgrades

      • LHA.GR (Deutsche Lufthansa) -- to equal-weight from underweight at Morgan Stanley

      • SCA.B.SS (Svenska Cellulosa) -- to neutral from underweight at JPMorgan

    • Downgrades

      • LI.FP (Klepierre) -- to neutral from buy at Goldman Sachs

      • AF.FP (Air France-KLM) -- to underweight from equal-weight

    • Initiations

      • KNOS.LN (Kainos Group) -- buy at HSBC (earlier, timing uncertain)

    • Other Actions

      • RMV.LN (Rightmove) -- resumed equal-weight at Morgan Stanley

  • Data

    • Nikkei +1.11% to 38474.90

    • Hang Seng +1.46% to 20867.82

    • Shanghai Composite +2.19% to 3382.60

    • S&P futures +7.0 vs prior close of 5743.3

    • €-$ +0.0001 or +0.01% to 1.0881

    • $-¥ +0.28 or +0.18% to 152.37

    • €-¥ +0.30 or +0.18% to 165.79

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