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 +0.50% to 8597.86, DAX +0.22% to 23551.55, CAC40 +1.36% to 7849.12, STOXX 600 +1.16% to 544.20

May 12 ,2025

  • Synopsis:

    • European equity markets ended higher with pan-European indices closing around session highs. Netherlands +1.8%, followed by France, Portugal, Greece all up ~+1.4% led outperformers whilst Denmark (2.2%) was the negative outlier.

    • Market strength followed positive US-China talks in Geneva, which has seen significant de-escalation of trade tensions. US cut levies on Chinese goods to 30% from 145% for 90 days. China lower levies on US goods to 10% from 125% for the same period. US Treasury Secretary Bessent said neither US nor China want to decouple. Also in geopolitical developments, UK President Zelenskiy may meet Russia's Putin on 15-May following weekend of diplomatic pressure by US and Europe. European leaders said meeting is conditional on Russia beginning a 30-day ceasefire on Monday, though no signs of Russia scaling back attacks. Europe leaders have threatened sanctions and said no talks until there is a ceasefire, but Trump putting pressure on Zelenskiy to negotiate

    • Quiet macro calendar in Europe. Comments from ECB officials highlighted division on governing council in rate outlook. BoE deputy governor Lombardelli backed gradual pace of rate cuts. Survey showed number of UK firms expecting to increase headcount in the next three months has fallen to lowest level in the past decade, outside of pandemic.

    • In corporate news, UniCredit (UCG.IM) traded higher following strong Q1 update. In the DACH region, Evonik Industries (EVK.GR) posted Q1 Adjusted EPS €0.59 vs consensus €0.45 and confirmed FY guidance. Hochtief (HOT.GR) reported Q1 operational EPS €2.22 vs year-ago €1.89 and also reiterated its FY guidance. 1&1 AG (1U1.GR), United Internet (UTDI.GR), Hypoport (HYQ.GR) and IONOS Group (IOS.GR) also posted earnings updates. In the UK, IG Group Holdings (IGG.LN) expects FY25 total revenue and adj PBT to meet or slightly exceed upper end of current range of consensus of £1.05B and £516.3M respectively.

    • Elsewhere, Novo Nordisk (NOVO.B.DC) traded lower as Eli Lilly reported that its SURMOUNT-5 trial of Zepbound met primary endpoint. Also in pharma, Valneva (VLA.FP) pared earlier losses following company's press release after FDA and CDC recommended pausing use of Chikungunya vaccine IXCHIQ for elderly individuals.

    • On M&A front, PPF IM LTD revealed a €7.00/sh offer for ProSiebenSat.1 (PSM.SM), with the board of ProSiebenSat.1 welcoming the offer. Banco de Sabadell (SAB.SM) is reportedly exploring a merger with Abanca as an alternative to BBVA (BBVA.SM) takeover bid. In other corporate developments, Clariant (CLN.SW) rejected Dow Europe's allegations against four companies related to the 2020 competition law infringement. Virgin Media O2 to combine its business arm with Daisy Group, Sky News reported.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers

        • Basic Resources +4.96%, Technology +3.38%, Travel & Leisure +2.98%, Persnl & HHold Goods +2.60%, Autos & Parts +2.29%, Banks +2.21%, Oil & Gas +2.13%, Ind Goods & Svcs +1.91%, Financial Svcs +1.81%

      • Underperformers

        • Utilities (1.82%), Insurance (1.43%), Telecom (1.30%), Real Estate(1.09%), Food & Beverage (1.05%), Chemicals +0.21%, Health Care +0.52%, Construct & Mtls +0.70%, Retail +0.86%, Media +0.94%

    • Macro/Peripheral markets:

      • Central Banks

        • ECB's Schnabel urges caution, suggests keeping rates steady amid rising inflation risks from fiscal spending and tariffs (Bloomberg)

        • ECB seen cutting rates below 2% in 2025 as inflation forecasts fall short of target (Bloomberg)

        • Lagarde faces union backlash over ECB plan to curb workers' representation rights (FT)

        • SNB poised to cut rates to zero in June as strong franc and low inflation pressure policymakers (Bloomberg)

      • EU

        • Von der Leyen faces critical test as EU court decides on secret 'Pfizergate' texts (Politico)

        • Albania and Montenegro could join the EU before the others, Costa tells Euronews

        • EU told to set up agency to fight Russian bots, election interference (Euractiv )

      • Geopolitics

        • Zelenskiy challenges Putin to Istanbul peace talks after Trump backs direct negotiations (link, FT)

        • UK unveils fresh Russia sanctions as Lammy hosts landmark EU security summit (Bloomberg)

        • Trump Sets Sights on Europe After Securing China Trade Reprieve (Bloomberg)

      • UK

        • Gloom deepens over UK hiring as employer confidence hits record low (Reuters)

        • Starmer unveils 'tighter' immigration policy promising numbers will fall significantly (BBC)

      • Greece

        • Greece targets 25% local role in €28bln defense spend (ekathimerini)

      • Germany

        • Germany refuses to rule out violating EU budget limit (Euractiv)

        • How German energy prices worsen companies' cost crisis (DW )

    • Company news:

      • Notable Gainers

        • +19.4% ITM.LN (ITM Power £0.43, +0.07) -- contract

        • +18.0% PSM.GR (ProSiebenSat.1 Media €7.04, +1.08) -- PPF IM cash offer at €7.00 per share to reach up to 29.99% stake in the company

        • +16.3% SF.SS (Stillfront Group SEK7.09, +1.00) -- Kepler Cheuvreux upgrade

        • +12.7% HLAG.GR (Hapag-Lloyd €146.50, +16.50) -- Hapag-Lloyd welcomes US-China tariff truce, expects increase in bookings -- Reuters

        • +11.3% EMEIS.FP (Emeis SA €12.24, +1.25) -- H1 trading udpate

        • +11.2% MAERSK.B.DC (Maersk DKK12,635.00, +1,275.00) -- Maersk says US-China deal is step in right direction; says its customers have gotten 90 days of clarity with reduced tariffs -- Reuters

        • +10.0% ALM.SM (Almirall €10.80, +0.98) -- Q1 earnings

        • +8.9% MELE.BB (Melexis €60.05, +4.90) -- Q1 trading update; Deutsche Bank upgrade

        • +8.6% STAN.LN (Standard Chartered £11.60, +0.92) -- US and China announce significant tariff cuts

        • +8.3% THULE.SS (Thule Group SEK258.60, +19.80) -- Jefferies upgrade

        • +8.1% IFX.GR (Infineon Technologies €33.98, +2.54) -- US and China announce significant tariff cuts

        • +7.4% MEDI.NO (MediStim NOK210.00, +14.50) -- initiated buy at Danske Bank

        • +7.4% BVB.GR (Borussia Dortmund €3.56, +0.25)

        • +7.1% WAWI.NO (Wallenius Wilhelmsen NOK78.65, +5.20) -- US and China announce significant tariff cuts

        • +6.7% UTDI.GR (United Internet €22.44, +1.40) -- Q1 earnings

        • +6.6% IVG.IM (Iveco Group €15.61, +0.96) -- Leonardo, Rheinmetall joint venture makes non-binding offer for Iveco Defence Vehicles - Corriere della Sera, citing CEO

        • +6.5% TECN.SW (Tecan Group CHF172.90, +10.50) -- Q1 trading udpate

        • +6.4% JDC.GR (JDC Group €23.30, +1.40) -- Q1 earnings

        • +6.3% ASPO.FH (Aspo €5.38, +0.32) -- Q1 earnings

        • +5.9% RSW.LN (Renishaw £27.10, +1.50) -- Jefferies upgrade

        • +5.7% NESTE.FH (Neste €9.52, +0.51) -- US and China announce significant tariff cuts

        • +5.6% GLEN.LN (Glencore £2.66, +0.14) -- US and China announce significant tariff cuts

        • +5.6% AAL.LN (Anglo American £21.63, +1.15) -- US and China announce significant tariff cuts

        • +5.5% SAND.SS (Sandvik SEK217.50, +11.40) -- Morgan Stanley upgrade

        • +5.5% NHY.NO (Norsk Hydro NOK57.86, +3.02) -- US and China announce significant tariff cuts

      • Notable Decliners

        • -12.5% ISOFOL.SS (Isofol Medical SEK1.63, -0.23) -- SEK85M rights issue

        • -6.4% VCT.LN (Victrex £8.47, -0.58) -- H1 earnings

        • -6.0% HOME.SM (Neinor Homes €13.96, -0.89) -- disposal of rental assets for ~€50M

        • -5.8% FRES.LN (Fresnillo £10.00, -0.62) -- high-grade Juanicipio mine JV partner MAG Silver Corp acquired by Pan American Silver for ~$2.1B

        • -5.2% DOCM.SW (DocMorris CHF18.26, -1.00)

        • -5.2% RHM.GR (Rheinmetall €1,605.50, -88.50) -- Leonardo, Rheinmetall joint venture makes non-binding offer for Iveco Defence Vehicles - Corriere della Sera, citing CEO

        • -4.9% A1OS.GR (All for One Group €54.40, -2.80) -- H1 earnings

        • -4.6% LDO.IM (Leonardo €45.19, -2.19) -- Leonardo, Rheinmetall joint venture makes non-binding offer for Iveco Defence Vehicles - Corriere della Sera, citing CEO

        • -4.3% FARN.LN (Faron Pharmaceuticals £2.20, -0.10) -- Trump to sign Executive Order that will result in reduction of prescription drug and pharmaceutical prices in US by 30-80% - Truth Social post

        • -3.3% VNA.GR (Vonovia €29.10, -0.99)

        • -2.7% HYQ.GR (Hypoport €202.00, -5.50) -- prelim. Q1 earnings

        • -2.0% LEG.GR (LEG Immobilien €75.05, -1.55)

        • -1.6% LONN.SW (Lonza Group CHF575.60, -9.20) -- Trump to sign Executive Order that will result in reduction of prescription drug and pharmaceutical prices in US by 30-80% - Truth Social post

        • -1.6% FYB.GR (Formycon €23.95, -0.40) -- Q1 earnings

        • -1.1% NWRN.SW (Newron Pharmaceuticals CHF8.15, -0.09) -- Trump to sign Executive Order that will result in reduction of prescription drug and pharmaceutical prices in US by 30-80% - Truth Social post

    • EU companies reporting tomorrow:

      • Earnings:

        • Benelux: Nyxoah (NYXH.BB), Kendrion (KENNA)

        • Denmark: Copenhagen Airports (KBHL.DC), Nilfisk Holding (NLFSK.DC), GrønlandsBANKEN (GRLA.DC),

        • Finland: Citycon (CTY1S.FH), Raisio (RAIVV.FH), Relais Group (RELAIS.FH), Sitowise Group (SITOWS.FH), Kamux (KAMUX.FH),

        • Germany: Munich Re (MUV2.GR), Hannover Re (HNR1.GR), Bayer (BAYN.GR), EnBW Energie Baden-Wuerttemberg (EBK.GR), Deutsche Wohnen (DWNI.GR), LEG Immobilien (LEG.GR), Fraport (FRA.GR), K+S (SDF.GR), Sixt (SIX2.GR), KWS SAAT (KWS.GR), Duerr (DUE.GR), Yubico (0FE.GR), secunet Security Networks (YSN.GR), Eckert & Ziegler (EUZ.GR), Jenoptik (JEN.GR), CANCOM (COK.GR), MBB (MBB.GR), Patrizia (PAT.GR), Verbio (VBK.GR), Medios (ILM1.GR), Aumann (AAG.GR), Deutsche Rohstoff (DR0.GR), Moberg Pharma (MB8.GR)

        • Italy: Infrastrutture Wireless Italiane (INW.IM), A2A (A2A.IM), De'Longhi (DLG.IM), Technoprobe (TPRO.IM), Carel Industries (CRL.IM), Italmobiliare (ITM.IM), LU-VE (LUVE.IM), FILA - Fabbrica Italiana Lapis ed Affini (FILA.IM), WIIT (WIIT.IM), Fiera Milano (FM.IM), Industrie De Nora (DNR.IM), Esprinet (PRT.IM), Italian Exhibition Group (IEG.IM), Sabaf (SAB.IM)

        • Norway: Multiconsult (MULTI.NO), Elmera Group (ELMRA.NO), Cloudberry Clean Energy (CLOUD.NO), Cambi (CAMBI.NO), Salmon Evolution (SALME.NO), Nordhealth (NORDH.NO), Capsol Technologies (CAPSL.NO)

        • Spain: Ferrovial (FER.SM), ACS (ACS.SM), Ercros (ECR.SM)

        • Sweden: Norva24 Group (NORVA.SS), Sveafastigheter (SVEAF.SS), Coinshares International (CS.SS), Samhällsbyggnadsbolaget i Norden (SBB.B.SS), Smart Eye (SEYE.SS), Concejo (CNCJO.B.SS), Cantargia (CANTA.SS), Starbreeze (STAR.B.SS), Catena Media (CTM.SS)

        • Switzerland: PSP Swiss Property (PSPN.SW)

        • UK: DCC (DCC.LN), Bytes Technology Group (BYIT.LN), Renew Holdings (RNWH.LN), On The Beach Group (OTB.LN), Marston's (MARS.LN), Treatt (TET.LN), Diaceutics (DXRX.LN), IQE (IQE.LN)

        • Other: Gedeon Richter (RICHT.HB)

  • Data:

    • Economics:

      • Denmark Mar CPI +1.5% y/y vs consensus +1.6% and prior +1.5%

    • Markets:

      • WTI Crude (Jun 25): +$1.49 or +2.44% to $62.51

      • €-$ (0.0093) or (0.83%) to 1.1117

      • £-$ (0.0060) or (0.45%) to 1.3211

      • €-£ (0.0031) to 0.8417

      • S&P 500 +2.55%

        • Performance year-to-date

        • FTSE 100: +5.20%

        • DAX: +18.30%

        • CAC: +6.35%

        • MIB: +16.48% Stoxx 600: +7.21%

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