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 (0.23%), DAX (0.47%), CAC40 (0.27%)

Sep 09 ,2025

  • Synopsis

    • European equity markets are set to open lower, whilst Asian equities mixed Tuesday. Japan stocks off highs as post-Ishiba resignation momentum fades. Greater China markets mixed with property developers leading in Hong Kong while mainland indexes turning lower. Big tech firms contributing to gains on South Korea and Taiwan benchmarks.

    • In politics, French PM Bayrou's government came to an end after a confidence motion for his deficit-cutting measures was defeated by 364 to 194 votes in the national assembly (Le Monde, FT, Bloomberg). Both Le Pen's National Rally and leftist France Unbowed have called for new elections. There are thoughts that Macron could opt for a caretaker government to pass a budget by decree to buy time to find another prime minister. Sources said Macron's preference is to avoid another election.

    • Elsewhere, Norwegian Labour party secured 4 additional years in government after seeing off a surge of support for the populist right in a polarised election. Incumbent Prime Minister Jonas Gahr Stoere's Labour and four smaller, left-leaning parties won 87 seats, above the 85 needed for a majority, with 99% of ballots counted. (Reuters, the Guardian).

    • On today's agenda, in Germany in the morning, Chancellor Merz will attend the opening of the International Motor Show "IAA MOBILITY 2025" in Munich and deliver a speech. In the UK, there are MPs questions on Treasury, whilst committee topics include work of the FCA at 9:30BST and reforming the water sector at 10:00. Also EIA short-term energy outlook, 80th session of the UN General Assembly (UNGA 80) opens, DI CFO conf. UK in a Change Europe hosts event Can Keir Starmer's EU and US balancing act succeed in an increasingly turbulent world?

    • In central banks, ECB's Montagner speech at 8:30CET at AEFR conf, Bundesbank's Nagel speaks at 13:30CET at BIS Innovation Summit (through Thu), SNB's Schlegel panellist at 13:50, Riksbank's Bunge panellist at 15:20, Bank of France's Villeroy fireside chat at 17:15, moderator BOE's Breeden. Bundesbank's Theurer speech at 17:30CET at bank's office in Saarbrucken.

    • In trade developments, Yonhap sources said South Korean delegation currently in US for talks to work out details of trade deal struck in July. Two sides trying to resolve differences over details of Seoul's proposed investments and addressing non-tariff measures. Trade headlines have leaned hawkish over recent days with US-EU trade deal said to be under threat, China unwilling to offer meaningful concessions to US, US raid of Hyundai plant and associated risk to investment plans and India's wariness despite Trump softening his tone).

    • European macro data releases out today include France Jul industrial production, Netherlands Aug final CPI, Norway Aug PPI, UK Aug retail sales monitor - BRC.

    • In corporate news, Novartis (NOVN.SW) to acquire Tourmaline Bio, Inc (TRML); offer price of $48 per share valuing Tourmaline Bio at ~$1.4B on fully diluted basis. Anglo American (AAL.LN) is reportedly nearing deal to acquire Teck Resources in mostly stock transaction valuing the company at ~$20B. In earnings/updates, Interparfums (ITP.FP) reported H1 earnings this morning and slightly lowered FY25 revenue guidance, whilst Euronext (ENX.FP) released August trading activity. In Sweden, HMS Networks (HMS.SS) issued a presentation ahead of the company's CMD today guiding to net sales target for 2030 set to SEK 7.5B, with an EBITA-margin target of 25% for the period. In Germany, Handelsblatt reported that Lufthansa' s (LHA.GR) Eurowings CEO expects to post profit in the hundreds of millions this year.

  • Politics/Macro/World News

    • Norway's centre-left parties retain power after parliamentary elections - FT

    • Badenoch tells Starmer: Let's work together to cut welfare bill - The Telegraph

    • Gold Climbs to Another Record After Fed Rate-Cut Optimism Soars - Bloomberg

    • French parliament ousts prime minister, deepening political crisis - Reuters

    • UK suffers worst hiring slump in Europe as tax raid drags on jobs market -- The Telegraph

    • Rachel Reeves to tell ministers to prioritise fight against UK inflation -- FT

    • UK consumer confidence slumps among over-65s but surges in young -- FT

    • UK Stores Get Sunshine Boost But Fears Are Mounting, BRC Says -- Bloomberg

  • Top company news

    • Earnings/updates

      • ABVX.FP (Abivax) -- reports H1 net income (€100.8M) vs FactSet (€101.1M) [3 est, (€102.9)-(98.3M)]

      • ENX.FP (Euronext) -- Aug trading activity

      • ITP.FP (Interparfums) -- reports H1 net income €73.0M, +4% vs year-ago €70.1M

      • LHA.GR (Lufthansa) -- Lufthansa' s Eurowings CEO expects to post profit in the hundreds of millions this year - Handelsblatt

      • HMS.SS (HMS Networks) -- Guidance and Business update: Net Sales target for 2030 has been set to SEK 7.5B, with an EBITA-margin target of 25% for the period

      • Also due to report today includes:

        • Earnings:

          • DACHs: M1 Kliniken (M12.GR)

          • France: Rubis (RUI.FP), Fleury Michon (ALFLE.FP), Haulotte Group (PIG.FP)

          • Southern Europe: Metlen Energy & Metals (MYTIL.GA), Puig Brands (PUIG.SM), Moltiply Group (MOL.IM), GR Sarantis (SAR.GA), LU-VE (LUVE.IM), Fourlis Holdings (FOYRK.GA), B&C Speakers (BEC.IM)

          • UK: Computacenter (CCC.LN), Gamma Communications (GAMA.LN), Midwich Group (MIDW.LN), Luceco (LUCE.LN), James Fisher & Sons (FSJ.LN), accesso Technology Group (ACSO.LN), Somero Enterprises (SOM.LN), The Pebble Group (PEBB.LN), Likewise Group (LIKE.LN)

        • Trading Update:

          • France: Groupe Partouche (PARP.FP), LightOn (ALTAI.FP)

        • CMD/events: DOF Group (DOFG.NO), Envipco Holding (ENVI.NA), Pantheon Resources (PANR.LN)

    • M&A

      • TECK.B.CN (Teck Resources) -- Anglo American closing in on deal to acquire Teck Resources - Bloomberg, citing sources

      • TECK.B.CN (Teck Resources) -- Anglo American nearing deal to acquire Teck Resources in mostly stock transaction valuing the company at ~$20B - FT

      • NOVN.SW (Novartis) -- to acquire Tourmaline Bio, Inc (TRML); offer price of $48 per share valuing Tourmaline Bio at ~$1.4B on fully diluted basis

      • DEC.LN (Diversified Energy Co.) -- acquires Canvas Energy for total consideration of ~$550M, to close during 4Q25

      • AZE.BB (Azelis Group) -- Azelis announces acquisition of Distona AG; price not disclosed

    • Healthcare

      • BAYN.GR (Bayer AG) -- JAMA publishes article on Bayer's Phase 3 trial of Elinzanetant for treating VMS

      • CAMX.SS (Camurus) -- FDA grants orphan drug designation to octreotide (Oczyesa) for ADPKD

      • ATORX.SS (Alligator Bioscience) -- renegotiates outstanding loan from Fenja Capital; receives subscription intentions from board members and management

      • OSE.FP (OSE Immunotherapeutics) -- provides update on ongoing proceedings ahead of shareholders' annual general meeting of 30-Sep-25

    • Other

      • ASML.NA (ASML Holding) -- ASML and Mistral AI enter strategic partnership; ASML to invest €1.3B Series C funding round

      • BARC.LN (Barclays) -- Transcript Intelligence: Barclays at Barclays Global Financial Services Conference

      • SGO.FP (Compagnie de Saint-Gobain) -- Saint-Gobain strengthens its construction chemicals organization in Germany

      • DB1.GR (Deutsche Börse) -- subsidiary ISS Stoxx could announce plans in coming days to raise as much as €1B in IPO - FT

      • RHM.GR (Rheinmetall) -- announces Bundeswehr approval of new training system for Infantry Fighting Vehicle Puma (0920 ET)

      • BNR.GR (Brenntag) -- announces departure of Essentials division head Ewout van Jarwaarde; CEO Jens Birgersson to assume direct leadership of division

      • MBTN.SW (Meyer Burger Technology) -- SIX orders delisting of Meyer Burger Technology shares

      • KNDS to decide in coming months whether to launch IPO next year - Reuters

  • Key rating changes

    • Upgrades

      • PUB.FP (Publicis Groupe) -- to outperform from neutral at Oddo

      • SOF.BB (Sofina) -- to buy from hold at Kepler Cheuvreux

      • SGRO.LN (Segro) -- to buy from neutral at Goldman Sachs

      • CAST.SS (Castellum AB) -- to neutral from sell at Goldman Sachs

    • Downgrades

      • SYENS.BB (Syensqo) -- to hold from buy at Kepler Cheuvreux

      • AT1.GR (Aroundtown) -- to neutral from buy at Goldman Sachs

  • Data

    • Nikkei (0.22%) to 43546.82

    • Hang Seng +0.64% to 25797.45

    • Shanghai Composite (0.73%) to 3799.06

    • S&P futures +4.3 vs prior close of 6506.0

    • €-$ +0.0013 or +0.11% to 1.1776

    • $-¥ (0.59) or (0.40%) to 146.93

    • €-¥ (0.47) or (0.27%) to 173.07

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