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 +0.27%, DAX +0.39%, CAC40 +0.16%

Jul 02 ,2025

  • Synopsis

    • European equity markets are set for a positive open amidst mixed trading in Asia on Wednesday. US futures building momentum following mixed performance in the cash session.

    • In central banks, Poland interest rate decision - no change in the 5.25% benchmark interest rate is expected - release at 15:00CET. ECB Forum sees session/panels chaired by ECB's de Guindos at 10:00CET, Cipollone 11:00, Lane, Riksbank's Seim 12:30, with closing remarks from Lagarde. BOE's Mills keynote address at 9:20BST at City Week 2025. Bank of Spain's Núñez speech at 11:00CET at event organised by CESEDEN. Bundesbank's Theurer panellist at 18:30CET at BaFinTech (through Thu).

    • In the UK, there's weekly PMQs at 12noon BST, committee topics include rail investment pipelines: ending boom and bust 9:30, Sec. of State for Defence, Healey, 14:00 and Strategic Defence Review 14:30. Chancellor Merz speech/panellist at Chef:innensache. Irish government to hold a special meeting of Ireland's trade forum, a week before re-implementation of higher tariffs by US (due on 9-Jul). ifo CEO Fuest among the speakers at L-Bank Economic Forum.

    • Economic data due include Italy, Greece and Eurozone May unemployment rate, Spain Jun unemployment change and Ireland Jun unemployment rate.

    • In earnings, BMW (BMW.GR) and Stellantis (STLAM.IM) released their respective Q2 US brand sales, whilst Air Liquide (AI.FP) announced pre-H1 2025 results communication and Aeroport de Paris (ADP.FP) issued preliminary information on H1 results.

    • On the M&A front, Banco de Sabadell (SAB.SM) agreed to sell TSB Banking Group to Banco Santander (SAN.SM) for an initial consideration price of £2.65B ($3.64B) with extraordinary meeting set for 6-Aug.

    • Also due to report/release updates today are Volvo Car (VOLCAR.B.SS), Dustin Group (DUST.SS) and Topps Tiles (TPT.LN).

  • Politics/Macro/World News

    • UK pay awards rise to 3.4% in three months to May, IDR survey shows - Reuters

    • EU blocks Britain's attempts to join pan-European trading bloc - FT

    • Trump says Israel agreed to conditions for 60-day Gaza ceasefire - Bloomberg

  • Top company news

    • Earnings/updates

      • DACHs:

        • BMW.GR (Bayerische Motoren Werke) -- of North America reports Q2 2025 U.S. BMW brand sales 90,884 vehicles, (0.4%) y/y

      • France:

        • AI.FP (Air Liquide) -- announces availability of pre-H1 2025 results communication

        • ADP.FP (Aeroport de Paris) -- reports preliminary information on 1H25 results

      • Southern Europe:

        • STLAM.IM (Stellantis) -- FCA US reports Q2 sales of 309,976 vehicles, (10%) y/y

        • SAN.SM (Banco Santander) -- Follow-up Santander issues press release on acquisition of TSB from Sabadell

        • UCG.IM (UniCredit) -- announces revised date for 2Q and 1H25 results

    • M&A

      • TKA.GR (ThyssenKrupp) -- German government currently not interested in investing in ThyssenKrupp's submarine division but does want a say through a special agreement -- Handelsblatt

      • EXAI.IM (Expert.ai) -- agrees to acquire I.S.E.D.; announces up to €20M capital increase

      • SGSN.SW (SGS) -- to acquire Applied Technical Services for EV of $1.33B (CHF1.05B)

      • SAB.SM (Banco de Sabadell) -- enters agreement to sell TSB Banking Group to Banco Santander for an initial consideration price of £2.65B ($3.64B); extraordinary meeting set for 6-Aug-25

      • INLOT.GA (Intralot) -- to acquire Bally's International Interactive, transaction enterprise value of €2.7B

      • SAN.SM (Banco Santander) -- Follow-up Santander issues press release on acquisition of TSB from Sabadell

      • BN.FP (Danone) -- completes acquisition of Kate Farms

      • SRT3.GR (Sartorius) -- completes acquisition of MatTek

      • ZAL.GR (Zalando) -- and ABOUT YOU receive final regulatory clearance to team up; closing planned for 11-Jul-25

      • SAB.SM (Banco de Sabadell) -- Sabadell reportedly makes decision to sell British unit TSB to Santander for £2.65B ($3.64B) - Reuters, citing The Expansión

      • SPIE.FP (SPIE) -- signs agreement for the acquisition of SD Fiber; price not disclosed

      • DOKA.SW (dormakaba Holding) -- dormakaba announces acquisition of TANlock; financial terms were not disclosed

      • AGS.BB (Ageas) -- completes the acquisition of Saga's Underwriting Business

      • GALE.SW (Galenica) -- to acquire Diagnostics Group; terms undisclosed

      • NHH.SM (Minor Hotels Europe & Americas) -- Minor International increases offer price for Minor Hotels Europe & Americas from €6.37 per share to €6.51 per share

      • BICO.SS (BICO Group) -- completes divestment of MatTek and Visikol

      • GENO.SS (Genovis) -- exercises call option to acquire remaining shares in SEQURNA for a purchase price of SEK52.5M

      • ENRO.SS (Eniro Group) -- Eniro acquires Qwamplify Nordics for €700K

      • ALERS.FP (Eurobio-Scientific) -- Eurobio Scientific completes acquisition of Life Science unit of Voden Medical Instruments Spa in Italy

    • Healthcare

      • AZN.LN (AstraZeneca) -- FDA approves FluMist for 2025-26 US formulation

      • RDHL (RedHill Biopharma) -- announces recruitment initiated into expanded Phase 2 opaganib/darolutamide combination study in advanced prostate cancer

      • SFL.IM (Safilo Group) -- and Victoria Beckham announce 10-year global licensing agreement for the design, manufacturing and distribution of the Victoria Beckham branded eyewear collections until Dec 2035

    • Other

      • DNO.NO (DNO) -- enters into an offtake agreement with ENGIE for DNO's Norwegian gas production

      • ALFEN.NA (Alfen) -- announces CEO Marco Roeleveld to retire by year end

      • SAN.SM (Banco Santander) -- announces 2025 stress capital buffer

      • CS.FP (AXA) -- executes share repurchase agreement of up to €3.8B following the sale of IM

      • STAN.LN (Standard Chartered) -- issues statement in response to media reports of a legal case filed in the High Court of Singapore

      • ENGI.FP (ENGIE) -- announces full commissioning of Red Sea Wind Energy wind farm in Middle East and Africa

      • France Jun new passenger car registration (6.7%) y/y to 169,504 vehicles -- PFA (1-Jul)

      • Italy Jun new passenger car registrations 132,191; (17.4%) y/y -- UNRAE (1-Jul)

      • Senate bill removes excise tax on solar and wind projects with China components, restores tax credits for certain projects -- Politico, citing sources (11:30ET)

      • Spain Jun new passenger car registrations 119,125 units, +15.2% y/y - ANFAC (1-Jul)

  • Key rating changes

    • Upgrades

      • Goldman Sachs upgrades ADM.LN, HSX.LN, NN.NA; downgrades ASRNL.NA, LGEN.LN, ZURN.SW

      • Oddo upgrades STMPA.FP; downgrades ARM

      • MUV2.GR (Munich Re) -- to overweight from neutral at JPMorgan

    • Downgrades

      • LAND.LN (Land Securities Group) -- sell from neutral at Van Lanschot Kempen

      • LHA.GR (Deutsche Lufthansa) -- market perform from outperform at Bernstein

      • EQNR.NO (Equinor) -- to sell from neutral at UBS

      • DHL.GR (DHL Group) -- to hold from buy at HSBC

      • NHY.NO (Norsk Hydro) -- to hold from buy at Norne Securities

      • SWED.A.SS (Swedbank) -- to hold from buy at Deutsche Bank (earlier, timing uncertain)

      • JET2.LN (Jet2) -- to hold from buy at Panmure Liberum

      • SMHN.GR (SÜSS MicroTec) -- to neutral from outperform at Oddo

    • Other Actions

      • VOD.LN (Vodafone Group) -- resumed equal-weight at Morgan Stanley

  • Data

    • Nikkei (0.46%) to 39801.16

    • Hang Seng +0.49% to 24189.22

    • Shanghai Composite (0.04%) to 3456.26

    • S&P futures +14.3 vs prior close of 6248.8

    • €-$ (0.0018) or (0.15%) to 1.1790

    • $-¥ +0.35 or +0.24% to 143.75

    • €-¥ +0.13 or +0.08% to 169.44

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