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 (0.31%), CAC +0.05%

Sep 02 ,2025

  • Synopsis

    • European equity markets set to open mixed to lower as Asian equities also mixed Tuesday. Losses intensifying in mainland China following August rally that spurred bubble discussions. Korea rebounding from Monday's tech-led sell-off. Mild gain in Japan while Australia and Taiwan indexes slightly lower. S&P 500 futures flat before US markets resume trade Tuesday. Bonds weakening with Treasury and JGB curves steepening. Dollar strongest against yen, steady elsewhere. Gold trading at record with silver at 14-year high amid Fed rate cut expectations. Crude firming towards one-week high. Bitcoin rebounding from two-month low.

    • On today's agenda, Chancellor Merz hosts Swiss President Karin Keller-Sutter, with joint press conf scheduled in the afternoon and UK parliamentary committee topics include small business strategy at 14:30BST. Norway's PM Støre participates in party leadership debate at 20:00CET on NRK. In political developments, UK PM Starmer yesterday announced a major shake-up of his top team in Downing Street, bringing in officials with economic and Treasury experience ahead of a likely challenging autumn budget (BBC, FT, London Times). Some government figures are interpreting the changes as Starmer wanting to take a big role in discussions in the run-up to the budget.

    • In central banks, Latvia central bank's Kazāka interview on TV3 "900 seconds" and Bitāns participates in the Latvian Radio program "Krustpunktā". Bank of Greece's Stournaras addresses a financial education workshop at 9:00CET. ECB's Elderson chairs panel at 13:30CET at ECB Legal Conf. includes ECB's Machado. Bundesbank's Nagel speech at 18:00CET at event at bank's offices in Chemnitz.

    • Macroeconomic updates include: Spain Aug unemployment change, Italy Jul PPI, Eurozone Aug preliminary CPI, Switzerland Jul retail sales, Netherlands Aug preliminary CPI, Finland Aug preliminary HICP, Austria Aug preliminary CPI

    • In corporate news, Partners Group Holding (PGHN.SW) reported H1 earnings including net income CHF578M vs consensus CHF570M; brings forward guidance to 2025 for performance fees to account for 25-40% of total revenues. Yesterday after the close SMA Solar Technology (S92.GR) provided new guidance of FY EBITDA (€80M)-(€30M) vs prior guidance €70-80M and FactSet €71.2M. InPost (INPST.NA) also posted its latest numbers whilst dormakaba Holding (DOKA.SW) is out with FY earnings.

    • CMD/events: Coloplast (COLO.B.DC), Taaleri (TAALA.FH), PVA TePla (TPE.GR)

  • Politics/Macro/World News

    • Starmer freezes out Reeves in No 10 reset - The Telegraph

    • Ukraine backers to discuss post-war guarantees at Thursday summit - Reuters

    • French Far Right Builds Momentum as Premier Heads Toward Exit - Bloomberg

    • Netherlands Aug Preliminary CPI +2.8% y/y vs consensus +2.9% and prior +2.9%

    • Finland Aug preliminary HICP +2.2% y/y vs consensus +2.0% and prior +2.0%

  • Top company news

    • Earnings/updates

      • PGHN.SW (Partners Group Holding) -- reports H1 net income CHF578M vs consensus CHF570M; brings forward guidance to 2025 for performance fees to account for 25-40% of total revenues

      • S92.GR (SMA Solar Technology) -- guides FY EBITDA (€80M)-(€30M) vs prior guidance €70-80M and FactSet €71.2M [7 est, €66.9-77M]

      • INPST.NA (InPost) -- reports Q2 EPS PLN0.28 vs FactSet PLN0.69 [3 est, PLN0.65-0.76]

      • DOKA.SW (dormakaba Holding) -- reports FY net income attributable CHF97.9M vs FactSet CHF113.4M [7 est, CHF83.4-181.5M], proposes dividend +15% y/y, share split

      • ONWD.BB (Onward Medical) -- reports H1 net loss (€21.2M) vs year-ago (€18.3M); on track to meet its sales target for Q3

    • M&A

      • ML.FP (Cie Generale des Etablissements Michelin SA) -- Michelin completes divestment of its bias tires and tracks for compact construction equipment activities

      • GIVN.SW (Givaudan) -- completes previously announced acquisition of majority stake in Vollmens Fragrances; terms undisclosed

      • DKSH.SW (DKSH Holding) -- DKSH to acquire Aston Chemicals Ltd operating in the UK and Poland

      • BWLPG.NO (BW LPG) -- subsidiary India enters into agreement to sell BW Lord for net cash proceeds $61M

      • DEZ.GR (Deutz AG) -- acquires SOBEK Group at ~11x FY25 EBITDA multiple

      • TXGN.SW (TX Group) -- will not sell any of its shares in SMG Swiss Marketplace Group IPO

      • GRE.SM (Grenergy Renovables) -- agrees to sell phase 4 of the Oasis Atacama project (272MW + 1.1GWh) in northern Chile

      • ITH.LN (Ithaca Energy) -- DKL Energy Limited and Eni UK Limited announce their intention to sell, in aggregate, ~33M ordinary shares of Ithaca Energy

      • AKH.NO (Aker Horizons) -- provides update on merger with Aker

    • Healthcare

      • IDIA.SW (Idorsia) -- has eight poster presentations at World Sleep 2025

      • PHARM.NA (Pharming Group) -- names Kenneth Lynard CFO, effective 1-Oct

      • OXUR.BB (Oxurion) -- confirms progress in negotiations related to its treasury diversification strategy; closing of the transaction expected before 25-Sep

    • Other

      • NESN.SW (Nestle) -- CEO Laurent Freixe dismissed with immediate effect.

      • PSM.GR (ProSiebenSat.1 Media) -- extends contract with Group CFO Martin Mildner until 2029

      • WIZZ.LN (Wizz Air Holdings) -- Wizz Air seeking deal to accelerate servicing of its engines - Reuters

  • Key rating changes

    • Upgrades

      • CON.GR (Continental) -- to neutral from underperform at Oddo

      • SU.FP (Schneider Electric) -- to buy from hold at Deutsche Bank

    • Downgrades

      • BATS.LN (British American Tobacco) -- to underperform from sector perform at RBC Capital Markets

      • FME.GR (Fresenius Medical Care) -- to sell at UBS

      • SIE.GR (Siemens AG) -- to market perform from outperform at Bernstein

  • Data

    • Nikkei (0.15%) to 42123.91

    • Hang Seng (0.64%) to 25454.23

    • Shanghai Composite (1.07%) to 3834.14

    • S&P futures (7.5) vs prior close of 6472.8

    • €-$ (0.0019) or (0.16%) to 1.1692

    • $-¥ +0.70 or +0.48% to 147.88

    • €-¥ +0.54 or +0.31% to 172.91

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