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 +0.05%, DAX (0.35%), CAC40 (0.25%)

Jun 18 ,2025

  • Synopsis

    • European equity markets are set for a mixed-to-lower open amidst mixed markets in Asia Wednesday. Hang Seng leading China market losses while Japan, Korea and Taiwan extending gains and Australia trading flat. S&P 500 futures unchanged afterhours.

    • Market remains highly sensitive to geopolitical developments with latest reports noting Trump weighing whether to participate in strikes against Iranian nuclear facilities, including Fordow facility buried deep underground. Trump wrapped up National Security Council meeting Tuesday after earlier calling for Iran's 'unconditional surrender.'

    • Back in Europe, Riksbank interest rate decision at 9:30CET with press conf at 11:00. Mixed views as to whether there will be a (25bps) cut in the 2.25% benchmark interest rate at this meeting. Other central bank events today include ECB's Elderson speech at 9:30CET at SRB Legal Conf, with Machado a panellist at 9:50, and Donnery speech at 9:35 at Credit Management Summit. BOE's David Bailey speech at 9:00BST at Risk.net Live Europe. Bank of Spain's Escrivá speaks/interview/Q+A at 10:45CET, Bank of France's Villeroy 11:30, Netherlands central bank's Knot 12:15 and Bank of Italy's Panetta 15:00, the central bankers then joined by Bundesbank's Nagel for a panel at 16:30CET at OPGE conf. ECB's Lane chairs panel at 17:00CET at 9th Annual Macroprudential Conf (Buch moderates panel at 13:00 on Thu). Bundesbank's Balz panellist at 19:30CET at event hosted by the central bank, the same time as Denmark central bank's Krogstrup speaks at the CIP Foundation's annual meeting.

    • In UK, there's PMQs at 12noon BST, whilst committee topics include rail investment pipelines: ending boom and bust 9:15, National Wealth Fund 14:15 and airport expansion and climate and nature targets 14:30. In Germany, in the afternoon, Chancellor Merz will meet with the state premiers for his regular meeting. A joint press conf. is planned afterward. EU's Brunner participates in the Salzburg Forum Ministerial Conf (a Central European security partnership). FT's Global Insurance Summit.

    • Macro data due include UK May CPI/RPI, Eurozone and Austria May final CPI.

    • A light earnings front sees VINCI (DG.FP) reporting May airport passenger traffic +5.3% and OVS (OVS.IM) reporting Q1 adj EBITDA €28.1M vs FactSet €27.9M. Airbus (AIR.FP) will present new dividend policy in 08:00 CET business update.

    • Companies hosting CMD/events include Givaudan (GIVN.SW), Kromek Group (KMK.LN), Teleperformance (TEP.FP).

  • Politics/Macro/World News

    • Trump seriously considering Israel-Iran war; considering U.S. launch against Iranian nuclear facilities - Axios

    • Latest Israel/Iran conflict updates lean hawkish though market (so far) holding up:

    • Trump weighs US strikes on Iran:

  • Top company news

    • Earnings/updates

      • AIR.FP (Airbus SE) -- to present new dividend policy in 08:00 CET business update

      • DG.FP (VINCI SA) -- Vinci reports May airport passenger traffic +5.3%

      • CANTA.SS (Cantargia) -- signs SEK 50M financing facility agreement, extending cash runway into 2026

      • MEDCL.FP (MedinCell) -- reports FY net income (€18.4M) vs FactSet (€24.9M) [4 est, (€28.2)-(21.6M)]

      • OVS.IM (OVS) -- reports Q1 adj EBITDA €28.1M vs FactSet €27.9M [1 est]; since 1-May st, sales have further accelerated

    • M&A

      • GXI.GR (Gerresheimer) -- responds to media reports, says KPS Capital Partners still in discussions with Warburg Pincus on potential offer

      • BNP.FP (BNP Paribas) -- FTC grants antitrust clearance for BNP Paribas' purchase of AXA Investment Managers (16-Jun, timing uncertain)

      • KOG.NO (Kongsberg Gruppen) -- announces Kongsberg Discovery to acquire Sonatech in the United States; terms not disclosed

      • RF.FP (Eurazeo) -- Euraz completes majority investment in MAPAL

      • AGR.LN (Assura) -- Top Assura holders backing offer from PHP over offer from KKR - Daily Mail

      • PZC.LN (PZ Cussons) -- Wilmar International to acquire PZ Cussons plc's 50% stake in PZ Wilmar JV for cash consideration of $70M

      • ROU.BB (Roularta Media Group) -- Koinon NV acquires 1.1M shares of Roularta Media Group

      • KKR, GIC enter second round of bidding for 40% stake in MasOrange-Zegona JV - Bloomberg

    • Healthcare

      • GALD.SW (Galderma Group) -- Galderma announces new data demonstrating Nemluvio's (nemolizumab) favorable safety profile and sustained and clinically meaningful improvements in symptoms of prurigo nodularis up to two years

      • PHXM.FP (Phaxiam Therapeutics) -- Announces the Suspension of Trading in Its Shares Until Delisting

    • Other

      • KNOW.SS (Knowit) -- acquires consulting firm Milso; enterprise value amounts to SEK 47M

      • LTMC.IM (Lottomatica Group) -- to commence €500M buyback today

      • AYV.FP (Ayvens) -- Holders to place 35M Ayvens shares -- market sources, citing termsheet

      • IBAB.BB (Ion Beam Applications) -- receives order for a fully-integrated Be Wide X-ray Solution worth between €16M to €19M

      • LOGN.SW (Logitech International) -- Logitech board votes to nominate Guy Gecht as new chairperson

      • SAF.FP (Safran) -- Kongsberg and Safran renew partnership agreement for Naval Strike Missile propulsion; agreement includes an order for hundreds Safran's TR40 turbojet engines

      • EL.FP (EssilorLuxottica) -- and Meta to release new versions of AI-based smart glasses under Oakley, Prada brands -- CNBC

      • AD.NA (Koninklijke Ahold Delhaize) -- to nominate Wiebe Draijer as Chair designate

      • HEXA.B.SS (Hexagon) -- announces spin-off of its Asset Lifecyle Intelligence and Safety, Infrastructure & Geospatial divisions, and related businesses will operate as Octave

      • FR.FP (Valeo SE) -- Valeo implements €25M share buy-back program

      • VAR.NO (Vår Energi) -- confirms Balder Phase VI project sanction

      • VENDA.NO (Vend Marketplaces) -- announces result of offer to repurchase up to 13.5M shares

      • PROX.BB (Proximus) -- Group appoints Stijn Bijnens as new CEO

      • GAM.SW (Gam Holding) -- announces Albert Saporta to succeed Elmar Zumbuehl as Group CEO effective from 1-Jul-25

      • Amazon purchases over 9M liters of SAF for cargo flights

  • Key rating changes

    • Upgrades

      • STB.NO (Storebrand) -- buy from hold at Nordea

    • Downgrades

      • WISE.LN (Wise) -- downgraded to neutral from buy at Rothschild & Co Redburn

      • NOD.NO (Nordic Semiconductor) -- underperform from buy at Jefferies

      • KID.NO (Kid) -- to hold from buy at Arctic Securities

      • UBSG.SW (UBS Group) -- to underweight from equal-weight at Morgan Stanley

      • TTALO.FH (Terveystalo) -- to hold from buy at DNB Carnegie

    • Initiations

      • RBT.FP (Robertet) -- outperform at BNP Paribas Exane

      • NOD.NO (Nordic Semiconductor) -- buy at Berenberg

      • BANB.SW (Bachem Holding) -- buy at Berenberg

      • SGO.FP (Compagnie de Saint-Gobain) -- neutral at Goldman Sachs

      • SIKA.SW (Sika Group) -- buy at Goldman Sachs

    • Other Actions

      • HM.B.SS (H&M Hennes & Mauritz) -- re-initiated buy at Handelsbanken

  • Data

    • Nikkei +0.78% to 38838.57

    • Hang Seng (1.19%) to 23694.77

    • Shanghai Composite +0.04% to 3388.70

    • S&P futures +5.3 vs prior close of 6038.5

    • €-$ +0.0023 or +0.20% to 1.1504

    • $-¥ (0.28) or (0.19%) to 145.01

    • €-¥ +0.04 or +0.02% to 166.83

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