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 +0.21% to 9157.74, DAX (0.18%) to 24314.77, CAC40 (0.50%) to 7884.05, STOXX 600 +0.08% to 554.01

Aug 18 ,2025

  • Synopsis:

    • European equity markets closed lower, near worst levels. Follows broad strength last week. Healthcare,Telecom and Media higher; basic resources, Construct & Mtls, Autos & Parts biggest laggards.

    • Geopolitics leading press headlines ahead of Ukraine President Zelensky's meeting with Trump on Monday. Trump-Putin meeting on Friday failed to produce agreement on halting war, and there remains uncertainty whether Ukraine will acquiesce to demands to surrender territory. US officials will also discuss security guarantees at Monday's meeting. Uncertain prospects of ceasefire. Analysts skeptical on sanctions relief. Limited read-through for markets right now.

    • Nothing particularly incremental on trade front. India PM Modi pledged to reduce goods and services tax in bid to support economy against tariff headwinds. US-India trade tensions remain high after Reuters sources said talks scheduled next week in Delhi called off. Other articles highlighted how major US trading partners still in dark on when they will see promised tariff relief. Trump revealed he is holding off on hitting China with secondary tariffs for at least for next 2-3 weeks.

    • Quiet macro calendar in Europe at start of the week. Eurozone trade balance much narrower than forecast after fall in imports outpaced export drop. Research showed US investor appetite for UK equities may have outstripped appetite for other markets due to cheap valuations. UK property portal Rightmove said estate agents saw busiest July in five years amid decent supply and discounting of asking prices. Meanwhile, London finance vacancies jumped, according to industry update, bucking trend in rest of the country. Traders now discounting BoE on hold for rest of the year.

    • On light reporting front, Koskisen (KOSKI.FH) repored Q2, whilst TAG Immobilien (TEG.GR) is planning to increase the dividend payout ratio to at least 50% of FFO I for FY26. In M&A news, ZI Zenith launched public tender offer to acquire u-blox (UBXN.SW) at CHF 135.00/sh in cash.

    • Looking ahead to tomorrow's calendar (see - Europe Week Ahead: 18-Aug to 22-Aug attached) Flughafen Wien (FLU.AV), Coloplast (COLO.B.DC), Jyske Bank (JYSK.DC), Stratec (SBS.GR), Deutsche Rohstoff (DR0.GR), Odfjell Drilling (ODL.NO), Scatec (SCATC.NO), Odfjell (ODF.NO), Multiconsult (MULTI.NO), Latour Investment (LATO.B.SS), Ambea (AMBEA.SS), PSP Swiss Property (PSPN.SW), HUBER+SUHNER (HUBN.SW), International Workplace Group (IWG.LN), and Tribal Group (TRB.LN) will be amongst other names to update investors, whilst the macro-calendar releases will include Portugal Jul PPI.

  • Digest:

    • Sectors - STOXX Europe 600:

      • Outperformers:

        • Health Care +1.43%, Telecom +0.50%, Media +0.50%, Persnl & HHold Goods +0.44%, Retail +0.43%, Oil & Gas +0.38%,

      • Underperformers:

        • Basic Resources (1.55%), Construct & Mtls (0.66%), Autos & Parts (0.59%), Insurance (0.51%), Banks (0.50%), Utilities (0.41%), Real Estate (0.29%), Chemicals (0.06%), Technology (0.02%), Financial Svcs +0.01%, Ind Goods & Svcs +0.04%, Travel & Leisure +0.05%, Food & Beverage +0.08%,

    • Macro/Peripheral markets:

      • Geopolitics

        • Volodymyr Zelenskyy and allies to press Donald Trump on security guarantees - FT

        • Trump hails 'big day' as Starmer and EU leaders join Zelensky in Washington for Ukraine talks - BBC

      • Central Banks

        • Traders Boost Bets BOE Will Hold Rate at 4% for Rest of 2025 - Bloomberg

      • EU

        • China Extends Probe Into EU Dairy Imports for Another Six Months - Bloomberg

      • UK

        • Britain cancels extra border checks for animals ahead of UK-EU deal - Reuters

        • Reeves considers replacing stamp duty with new property tax - The Guardian

        • Pub closures hit Home Counties hardest amid Labour's tax raid - The Telegraph

      • France

        • Italy's Key Yield Nears France as Traders Rethink European Risk - Bloomberg

      • Germany

        • Germany likely too stretched to provide troops for Ukraine, foreign minister says - Politico

        • Expenditure on social assistance increased by almost 15 percent in 2024 - Handelsblatt

      • Sweden

        • Swedish Security Adviser Trial Puts New Pressure on Government - Bloomberg

    • Company news:

      • Trading Higher:

        • +16.4% PANR.LN (Pantheon Resources £0.31, +0.04) -- Dubhe-1 appraisal update

        • +15.1% VWS.DC (Vestas Wind Systems DKK132.15, +17.30) -- alternative energy sector move related to US federal tax subsidies rule change

          • +6.6% EDPR.PL (EDP Renovaveis €10.36, +0.65) --

        • +10.2% BOOZT.SS (Boozt Fashion SEK92.25, +8.70) -- SEB upgrade

        • +9.6% FPIP.SS (FormPipe Software SEK29.80, +2.60) -- divests its Public Sector business for up to SEK 850M

        • +6.6% NOVO.B.DC (Novo Nordisk DKK347.50, +21.60) -- lowers cost of Ozempic to $499 per month for self-paying patients; enters collaboration with GoodRx (GDRX

        • +6.6% EMBRAC.B.SS (Embracer Group SEK85.33, +5.29)

        • +5.7% ITM.LN (ITM Power £0.72, +0.04)

        • +5.3% VLA.FP (Valneva €5.07, +0.25) -- Chikungunya Vaccine IXCHIQ authorized in Canada for individuals aged 12 and older

        • +5.2% CICN.SW (Cicor Technologies CHF202.00, +10.00) -- contract from European A&D equipment provider

        • +5.0% BAB.LN (Babcock International Group £10.43, +0.50) -- initiated outperform at RBC Capital

        • +4.5% TOKMAN.FH (Tokmanni Group €9.47, +0.41) -- DNB Carnegie upgrade

        • +3.6% FARN.LN (Faron Pharmaceuticals £2.18, +0.07) -- advances bexmarilimab into a registrational Phase 2/3 study in treatment-naïve (frontline) HR-MDS

        • +2.2% EGTX.SS (Egetis Therapeutics SEK5.60, +0.12) -- submits pre-NDA meeting (Type B) request to the FDA for tiratricol

        • +1.6% YIT.FH (Yit €3.14, +0.05) -- parking facility contract

      • Trading Lower:

        • -3.8% CBG.LN (Close Brothers Group £4.97, -0.19) -- RBC Capital Markets downgrade

        • -3.3% CBK.GR (Commerzbank €36.10, -1.24) -- Deutsche Bank downgrade

        • -2.0% UBXN.SW (u-blox Holding CHF136.00, -2.80) -- ZI Zenith cash tender offer at CHF 135.00/sh; Vontobel downgrade

        • -1.9% LXS.GR (Lanxess €24.34, -0.48) -- Van Lanschot Kempen downgrade

        • -1.8% SIILI.FH (Siili Solutions €5.32, -0.10) -- new CFO

    • EU companies reporting tomorrow:

      • Earnings:

        • Austria: Flughafen Wien (FLU.AV)

        • Benelux: EVS Broadcast Equipment (EVS.BB)

        • Denmark: Coloplast (COLO.B.DC), Jyske Bank (JYSK.DC), SP Group (SPG.DC), MT Hojgaard Holding (MTHH.DC), Trifork Holding (TRIFOR.DC)

        • Germany: Stratec (SBS.GR), Deutsche Rohstoff (DR0.GR),

        • Norway: Odfjell Drilling (ODL.NO), Scatec (SCATC.NO), Odfjell (ODF.NO), Multiconsult (MULTI.NO), Cambi (CAMBI.NO), Måsøval (MAS.NO), Salmon Evolution (SALME.NO), Nordhealth (NORDH.NO), Gigante Salmon (GIGA.NO), Spir Group (SPIR.NO)

        • Other: Mobile TeleSystems (MTSS.RU)

        • Sweden: Latour Investment (LATO.B.SS), Ambea (AMBEA.SS), Bahnhof (BAHN.B.SS), Idun Industrier (IDUN.B.SS), BICO Group (BICO.SS), FormPipe Software (FPIP.SS), Maha Capital (MAHA.A.SS), Starbreeze (STAR.B.SS), PION Group (PION.B.SS)

        • Switzerland: PSP Swiss Property (PSPN.SW), HUBER+SUHNER (HUBN.SW), SKAN Group (BVHN.SW), Medartis Holding (MED.SW), DocMorris (DOCM.SW)

        • UK: International Workplace Group (IWG.LN), Tribal Group (TRB.LN)

      • Traffic: Flughafen Wien (FLU.AV)

  • Data:

    • Economics:

      • Spain Jun Trade Balance (€3.59B) vs consensus (€5.8B) and prior (€2.54B)

      • Eurozone Jun Trade Balance €7.0B vs consensus €17.5B and prior revised €16.5B from €16.2B

    • Markets:

      • WTI Crude (Sep 25): +$0.19 or +0.30% to $62.99

      • €-$ (0.0041) or (0.35%) to 1.1671

      • £-$ (0.0035) or (0.26%) to 1.3519

      • €-£ (0.0008) to 0.8633

      • S&P 500 (0.10%)

      • Performance year-to-date

        • FTSE 100: +12.05%

        • DAX: +22.13%

        • CAC: +6.82%

        • MIB: +24.73%

        • Stoxx 600: +9.14%

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