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 +0.01%, DAX (0.18%), CAC40 +0.06%

Aug 22 ,2025

  • Synopsis

    • European equity markets indicate a mixed open mirroring trading in Asia and amidst soft US futures following moderate declines in Thursday trading. Asia big tech and autos mostly higher, particularly in Japan and Hong Kong, despite softer US tech leads. Treasuries slightly firmer, recovering some of Thursday's weakness. Dollar firmer. Oil down. Gold lower. Industrial metals lower.

    • Fed now squarely in focus ahead of Powell's speech at the Jackson Hole symposium. September rate cut expectations fell below 80% after latest hawkish Fedspeak and upside surprise in US flash PMIs. Nothing new on European central bank policy. Yesterday's PMIs reinforced expectations of unchanged policy for ECB and BoE in September. Markets still bracing for announcement of US chip tariffs potentially in the triple digits, which President Trump flagged could be announced this week. US and EU reached framework agreement on trade, though now largely on the back burner.

    • There is little of note on the agenda for today out of Europe. On the macroeconomics calendar for today, Germany Q2 GDP and UK Jul retail sales are due at 7:00 BST, followed by France Aug business confidence at 7:45 BST. Norway Q2 GDP, Sweden Jul unemployment rate, Ireland Jul PPI also pending release. UK Aug consumer confidence came in at (17) vs consensus (20) and prior (19) - Gfk; UK consumer confidence sentiment reached the best level since December, with biggest driver changing perception on personal finances.

  • Politics/Macro/World News

    • Military options for Ukraine discussed by US, European national security advisers (Reuters )

    • Proposed Ukraine land concessions are Putin's trap, EU's top diplomat tells BBC

    • What's in the EU's framework trade deal with the US - and what isn't (Politico )

    • What issues are likely to be discussed at the US-South Korea summit? (Reuters )

  • Top company news

    • Earnings/updates

      • AMBU.B.DC (Ambu) -- reports Q3 EPS DKK0.46 vs FactSet DKK0.55 [2 est, DKK0.51-0.58]; Raises lower end of FY organic revenue growth guidance

      • BAVA.DC (Bavarian Nordic A/S) -- Q2 net income DKK362.6M, +39% vs year-ago DKK261.1M; narrows FY revenue expectations

      • BTS.B.SS (BTS Group) -- final Q2 earnings: EPS SEK2.03 vs FactSet SEK3.13 [2 est, SEK2.76-3.50]; reaffirms FY guidance

      • HAUTO.NO (Höegh Autoliners) -- Q2 EPS $0.64 vs FactSet $0.67 [7 est, $0.57-0.75]

      • PRS.NO (Prosafe) -- Q2 EPS ($1.34) vs year-ago ($0.58)

      • RECSI.NO (REC Silicon) -- reports Q2 EPS cont ops ($0.02) vs year-ago ($0.02)

      • SYNSAM.SS (Synsam) -- Q2 EPS SEK0.79 vs FactSet SEK0.96 [2 est, SEK0.94-0.98]

      • SZU.GR (Suedzucker) -- expects FY EBITDA 470-570M vs prior guidance €525-675M and FactSet €570.1M

      • UQA.AV (UNIQA Insurance Group) -- H1 net income €232.5M, +5% vs year-ago €220.9M; expects FY EBT of €490-510M

      • ALLN.SW (Allreal Holding) -- reports H1 net income (ex-revaluation gains) CHF62.6M, +3% vs year-ago CHF60.5M

      • APETIT.FH (Apetit) -- Q2 EPS (€0.23) vs year-ago €0.01; confirms FY profit guidance

    • M&A

      • AI.FP (Air Liquide) -- to acquire DIG Airgas for EV of €2.85B/KRW4.6T

      • TPG.GR (The Platform Group) -- is negotiating an acquisition in the pharmaceutical platform sector

      • MOBN.SW (Mobimo Holding) -- completes the acquisition of EMWE Holding LTD

      • CAPMAN.FH (Capman) -- Real Estate acquires 262-unit multifamily housing development project in Stockholm; terms unisclosed

    • Other

      • BA.LN (BAE Systems) -- to accelerate chip production for mission-critical defense programs using CHIPS Act funding towards modernization of Microelectronics Center (MEC) in New Hampshire

      • HTG.LN (Hunting) -- issues an update regarding the restructuring of the EMEA operating segment, which was previously announced in January 2025.

      • HYL.BB (Hyloris Pharmaceuticals) -- signs exclusive license and supply agreement with Huons Co., Ltd (243070.KS) for XTRAZA in South Korea

      • SHLF.NO (Shelf Drilling) -- announces one-year contract extension for Shelf Drilling Tenacious; firm contract value ~$50M

  • Key rating changes

    • Upgrades

      • AAF.LN (Airtel Africa) -- to buy from hold at HSBC

      • BOL.SS (Boliden) -- to buy from hold at Handelsbanken

      • FLS.DC (FLSmidth & Co.) -- to buy from hold at Handelsbanken

      • FUR.NA Fugro upgraded to outperform from neutral at BNP Paribas Exane

      • KAR.SS (Karnov Group) -- to buy from hold at DNB Carnegie

      • ROCK.B.DC (Rockwool) -- to buy from hold at Danske Bank

    • Downgrades

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

      • EVD.GR (CTS Eventim) -- to neutral from outperform at Oddo

      • SPIR.NO (Spir Group) -- to hold from buy at ABG Sundal Collier

    • Other Actions

      • SBS.GR (Stratec) -- transferred buy at Berenberg; prior rating was buy

  • Data

    • Nikkei (0.12%) to 42557.01

    • Hang Seng +0.40% to 25204.07

    • Shanghai Composite +0.89% to 3804.69

    • S&P futures (2.5) vs prior close of 6388.3

    • €-$ (0.0017) or (0.14%) to 1.1590

    • $-¥ +0.29 or +0.20% to 148.67

    • €-¥ +0.04 or +0.02% to 172.25

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