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: FTSE +0.32%, DAX +0.51%, CAC40 +0.36%

Mar 18 ,2025

  • Synopsis

    • European equity markets set to open higher amidst Asian equities strengthening Tuesday. Hang Seng leading China markets with tech outperforming. Japan also seeing sizable gains while Korea, Australia and Taiwan logging milder moves. S&P 500 futures retreating afterhours.

    • Quiet session with markets awaiting some key events, including Trump's talk with Putin today. Elsewhere, NVDA CEO Jensen Huang is to deliver the keynote address at the GPU Tech Conference later Tuesday, where pipeline updates, GM recovery timing, China opportunities and DeepSeek commentary are among items of interest. On Wednesday, the Fed is expected to hold, but greater focus will be on updated SEP and Powell commentary (especially on tariff impact). On Thursday, the SNB interest rate decision is seen as a close call, with a cut in the benchmark interest rate of (25bps) to 0.25% expected, whilst Riksbank's interest rate decision is expected to be left unchanged at 2.25%. BOE interest rate decision will also be due, with the benchmark rate expected to be left unchanged at 4.5%.

    • On the political front, special session of the Bundestag with expected discussions on easing the debt brake on defense spending and on the special fund for infrastructure. Chancellor Scholz hosts France's President Macron in the evening, in preparation for the European Council. EU General Affairs Council. In UK, there's MPs questions on energy security and net zero at 11:30GMT, whilst committee topics include Grenfell and building safety at 10:00 the same time as the pre-appointment hearing for Niamh Moloney to the Prudential Regulation Committee and Industrial Strategy (14:00 includes execs from Airbus, AstraZeneca, Babcock International, BAE Systems and Tata Steel). EU's von der Leyen meets with WTO's Director-General Okonjo-Iweala, and has dinner with President of the European Council Costa and UN's Secretary-General Guterres. EU's Kallas meets with UK's Chief of the Defence Staff and Secretary of State for Defence. EU's Hoekstra delivers a keynote speech at the EU Tax Symposium. EU's Albuquerque delivers a keynote speeches at conf organised by Forum Europe/Forum Global and at the 13th edition of the Euronext annual conf. Bruegel hosts event at 12:00CET title 'A trade policy framework for the EU-UK reset'. OMFIF hosts public sector debt summit 2025. Also, Nordic Co-operation's Nordic Day in Norway: Are we prepared in the Nordic countries?. Finarch Week 2025 (through Thu).

    • In central banks, SNB releases its Annual Report 2024 at 7:15CET. Bank of Finland's Rehn speech at 9:00GMT at event hosted by MNI Connect. Bank of Spain's Escrivá speech at 10:00CET at V Observatorio Finanzas event organized by El Español and Invertia (livestream, through Thu). Latvia central bank organizes an expert discussion title "Latvian credit unions. How big is their development potential?". Switzerland's SECO publishes its economic forecasts Spring 2025.

    • Macroeconomic releases due today include Germany ZEW survey, Italy Jan trade balance, Eurozone Jan trade balance.

    • In earnings news, DACHs names kicked off the session with Springer Nature (SPG.GR) and Fraport (FRA.GR) reported FY earnings this morning, whilst Lithium Americas (Argentina) (WUC.GR) also reported FY earnings yesterday after market closed. In France, Bolloré (BOL.FP) reported FY earnings and proposed a dividend of EUR0.08/share including an interim dividend of €0.02 already paid in September 2024, +14% y/y.

    • In other corporate developments, Volkswagen's Audi (VOW3.GR) announced it will cut 7,500 jobs in indirect areas by 2029, based on target scenarios and plans to invest around €8B at its home locations through 2029. In M&A, Allianz (ALV.GR) enters into binding share purchase agreements with Bajaj Finserv Ltd. to sell its 26% stake in its Indian Non-Life and Life Insurance Joint Ventures for a total consideration of ~€2.6B.

  • Politics/Macro/World News

    • Europe's defence spending spree risks debt crisis, warns Dutch politician - FT

    • Trump to hold call with Putin in test of deal-making strength- Reuters

    • Bundestag votes today on billion-euro package - Handelsblatt

    • Israel Strikes Targets Throughout Gaza as Ceasefire Frays - Bloomberg

  • Top company news

    • Earnings/updates

      • DACHs

        • WUC.GR (Lithium Americas (Argentina)) -- reports FY EPS (cont ops) ($0.09) vs year-ago $0.11FRA.GR (Fraport) -- reports FY net income €501.9M vs consensus €461.2M

        • MED.SW (Medartis Holding) -- reports FY core net income CHF11.4M vs FactSet CHF10.1M [5 est, CHF7.7-13.1M]

        • SPG.GR (Springer Nature) -- reports FY adjusted operating profit €512M vs FactSet €517.5M [5 est, €515-521.9M]

        • VETN.SW (Vetropack Holding) -- reports FY net income CHF13.7M vs FactSet CHF26.3M [3 est, CHF20.4-35.5M]

        • EXL.GR (Exasol) -- reports final FY earnings inline with prelim. release; reaffirms 2025 guidance

      • France

        • ADP.FP (Aeroport de Paris) -- reports Total Paris Aeroport February traffic 7.36M, +4.8% y/y

        • BOL.FP (Bolloré) -- reports FY net income €1.82B vs year-ago €268M

      • Benelux

        • SEQUA.BB (Sequana Medical) -- reports FY net loss (€44.7M) vs FactSet (€17.5M) [4 est, (€21.6)-(14.8M)]

        • BSGR.NA (B&S Group) -- reports FY EPS €0.47 vs FactSet €0.50 [2 est, €0.45-0.54]

      • Also due to report today includes:

        • Earnings:

          • DACHs: Mayr-Melnhof Karton (MMK.AV)

          • France: Assystem (ASY.FP), Deezer (DEEZR.FP)

          • Southern Europe: Brembo (BRE.IM), Aquafil (ECNL.IM)

          • UK: National Atomic Company Kazatomprom (KAP.LN), Close Brothers Group (CBG.LN), Midwich Group (MIDW.LN), Trustpilot Group (TRST.LN), Mortgage Advice Bureau (MAB1.LN), Sabre Insurance Group (SBRE.LN), Genel Energy (GENL.LN), H&T Group (HAT.LN), RM (RM.LN), The Pebble Group (PEBB.LN), Renalytix (RENX.LN), Fintel (FNTL.LN), Atalaya Mining (ATYM.LN)

        • Trading Update: SThree (STEM.LN)

        • CMD/events: Zotefoams (ZTF.LN), Enento Group (ENENTO.FH)

    • M&A

      • ALV.GR (Allianz) -- Allianz to sell its 26% stake in its Indian Non-Life and Life Insurance Joint Ventures to Bajaj Group for a total consideration of ~€2.6B

      • BT.LA.LN (BT) -- BT Group's largest shareholder Sunil Bharti Mittal considering increasing stake above current 24.5% - FT

      • NOS.PL (NOS SGPS) -- NOS completes the acquisition of Claranet Portugal (post EU close 17-Mar)

      • ENTRA.NO (Entra ASA) -- Castellum increases stake in Entra ASA to ~33.7% as result of mandatory offer and purchase of additional shares (post EU close 17-Mar)

      • SAF.FP (Safran) -- offers remedies to EU to gain approval for acquisition of Collins Aerospace's actuation and flight controls business (17-Mar, seemingly around 10:40 ET/15:40 CET)

      • OMV.AV (OMV) -- announces signing of framework agreement with ADNOC on combination of Borealis, Borouge and NOVA

      • DKSH.SW (DKSH Holding) -- DKSH Technology acquires technology distribution companies in Taiwan Taqkey Science and Quantum Biotech; price not disclosed

      • ITP.FP (Interparfums) -- acquires all intellectual property rights relating to Maison Goutal held by Amorepacific Europe worldwide; terms undisclosed

      • (INSTAL.SS (Instalco) -- completes acquisition of minority stake in Fabri AG

      • SEQUA.BB (Sequana Medical) -- announces convertible financing and committed share subscription facility; extends Company's cash runway to the end of 2025

      • PEUG.FP (Peugeot Invest) -- announces sales process for half of stake in SPIE

      • SET suspends trading in Gulf Energy Development Public and Intouch Holdings Public shares for 21-Mar to 2-Apr

      • NIO, CATL enter strategic partnership agreement on battery swapping network

    • Healthcare

      • BIM.FP (bioMerieux) -- bioMérieux receives FDA 510(k) Clearance for its VITEK COMPACT PRO, a new ID/AST system to fight against antimicrobial resistance

      • NANO.FP (Nanobiotix) -- amends global licensing agreement for JNJ-1900

      • BIOA.B.SS (BioArctic) -- confirms FDA orphan drug designation for exidavnemab in the US

      • EFYA.GR (PharmaCyte Biotech) -- SEC filing: 10-Q

    • Other

      • VOW3.GR (Volkswagen) -- Volkswagen's Audi to cut 7,500 jobs; plans to invest ~€8B in German locations through 2029

      • SAN.SM (Banco Santander) -- seeking to expand US operations through partnership that taps into Verizon's customer base - Reuters

      • LDO.IM (Leonardo) -- approves the new organizational structure (post EU close 17-Mar)

      • BAER.SW (Julius Baer Group) -- Julius Baer receives regulatory approvals to enter the Italian onshore market

      • TE.FP (Technip Energies) -- refinances €750M revolving credit facility

      • SPIE.FP (SPIE) -- holder Peugeot Invest places ~4.3M shares at €38.8/share through BNP Paribas and Morgan Stanley

      • TIGO.SS (Millicom International Cellular) -- SEC filing: SCHEDULE 13D/A (Filed by Atlas Investissement)

      • PSM.GR (ProSiebenSat.1 Media) -- supervisory board opposed to terms of proposed deal to give up to 10% stake to General Atlantic - Bloomberg (17-Mar, 15:47 CET)

      • Nvidia conference to feature quantum computing tech; Trump to block methane fee rule in ESG intraday news (17-Mar)

  • Key rating changes

    • Upgrades

    • AAL.LN (Anglo American) -- to sector perform from underperform at RBC Capital Markets

    • ELE.SM (Endesa) -- to overweight from equal weight at Barclays

    • OMV.AV (OMV) -- to buy from hold at Berenberg

  • Downgrades

    • IBE.SM (Iberdrola) -- to equal-weight from overweight at Morgan Stanley

    • QQ.LN (QinetiQ Group) -- to hold from buy at Kepler Cheuvreux

    • RUI.FP (Rubis) -- to hold from buy at Kepler Cheuvreux

    • EMSN.SW (EMS-Chemie Holding) -- to reduce from hold at Kepler Cheuvreux

    • EVD.GR (CTS Eventim) -- to neutral from buy at Redburn Atlantic

    • KOG.NO (Kongsberg Gruppen) -- to hold from buy at Nordea

  • Initiations

    • VIE.FP (Veolia Environnement) -- outperform at Bernstein

    • EVO.SS (Evolution) -- neutral at Cantor Fitzgerald

  • Other Actions

    • RIO.LN (Rio Tinto) -- reinstated overweight at JPMorgan; prior rating was overweight

Data

  • Nikkei +1.20% to 37845.42

  • Hang Seng +2.07% to 24645.84

  • Shanghai Composite +0.09% to 3429.37

  • S&P futures (13.3) vs prior close of 5732.3

  • €-$ (0.0006) or (0.05%) to 1.0917

  • $-¥ +0.57 or +0.38% to 149.78

  • €-¥ +0.56 or +0.34% to 163.52

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