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: FTSE (0.1%), DAX (0.1%), CAC (0.5%), IBEX (0.4%), MIB +0.2%

Oct 22 ,2025

  • Synopsis

    • European equity markets set to open mostly softer (Italy's FTSE MIB indicated higher) in what is a busy session for earnings/updates in the region.

    • Among companies in focus, banks Unicredit (UCG.IM), DNB (DNB.NO) and Handelsbanken (SHB.A.SS) posted better than expected earnings, while Barclays (BARC.LN) due to report. Last night, Adidas (ADS.GR) preannounced Q3 with better than expected EBIT and raised guidance. L'Oreal (OR.FP) posted softer than expected LFL Sales Growth for Q3.

    • European macro data releases out today include inflation data in the UK (Sep CPI/RPI), as well as Ireland Sep PPI. UK inflation data is set to reach a two-year high of 4% for September (London Times). Acceleration in price pressures reflect further rise in food and energy prices and a pickup in core inflation led by services. However, sell-side economists think September inflation should mark the peak and prices tipped to ease gradually thereafter on more favorable base effects and softening in services prices.

    • Asian equities weaker Wednesday. Hang Seng leading China markets lower amid tech weakness. Japan recouping initial losses. ASX-listed gold producers tracking steep declines in underlying metal. Kospi flat after overcoming early weakness. TSMC weighing on Taiwan's benchmark. S&P 500 futures flat afterhours. Treasuries and JGBs little changed. Dollar a touch lower against yen, steady elsewhere. Gold and silver stabilizing following big Tuesday selloff. Crude extending rally towards one-week high. Bitcoin down sharply from earlier highs.

    • In central banks, ECB's de Guindos speech at 13:00CET at Barcelona Real Assets Meeting (livestream). Riksbank's Jansson speech at 13:05CET at event hosted by Swedish National Mediation Office. Frankfurt Finance & Future Summit (through Thu) includes speech by ECB's Lagarde at 14:30CET, Bundesbank's Theurer panellist at 15:00CET. ECB's Buch lecture at 17:00CET at Frankfurt School of Finance & Management and Riksbank's Thedéen speech at 18:00CET at event held at Economy Museum. BOE's Woods speech at 21:00BST at Annual City Banquet at Mansion House. In the UK, there's PMQs at 12noon BST, whilst parliamentary committee topics include medicines security at 11:00, appointment of Stephen Blyth to the Financial Policy Committee (pre-appointment hearing) at 14:15, health impacts of breast implants and other cosmetic procedures at 14:20, international climate negotiations: COP30 at 14:30 and unlocking community energy at scale at 15:00. Amongst events on Wed, CBI Annual General Meeting 2025 and UK-hosted Berlin Process Summit, Chancellor Merz among the participants, EU-Egypt summit and EU Tripartite Social Summit.

  • Politics/Macro/World News

    • Reeves targets tax partnerships in crackdown on wealthy Britons (FT )

    • Putin-Trump summit on hold after Russia rejects ceasefire (Reuters )

  • Top company news

    • Earnings/updates

      • Italy

        • UCG.IM (UniCredit) -- reports Q3 net profit €2.63B vs consensus €2.44B

      • DACH

        • ADS.GR (Adidas) -- reports preliminary Q3 operating income €736M vs FactSet €679.0M [14 est, €498.3-812M]; increases full-year guidance for 2025

        • TMV.GR (TeamViewer) -- discloses Q3 2025 results and updates FY 2025 pro forma guidance

        • TMV.GR (TeamViewer) -- reports Q3 adjusted EBITDA €87.7M vs FactSet €83.5M [4 est, €82-85.2M]

        • FTK.GR (flatexDEGIRO) -- reports Q3 net income €39.0M vs FactSet €34.3M [4 est, €28-39M]

        • UBXN.SW (u-blox Holding) -- reports 9M revenue CHF186.5M, +19% vs year-ago CHF157.0M

        • NB2.GR (Northern Data) -- reports prelim Q3 revenue €33.2M vs year-ago €58.3M

      • France

        • OR.FP (L'Oreal) -- reports Q3 revenue €10.33B vs StreetAccount €10.42B

        • VIV.FP (Vivendi) -- reports Q3 revenue €68M vs year-ago €69M

        • WLN.FP (Worldline) -- reports Q3 revenue €1.15B vs consensus €1.14B

        • ETL.FP (Eutelsat Communications) -- reports Q1 revenue €293.2M vs consensus €296.0M; all financial objectives confirmed

        • FGR.FP (Eiffage) -- reports Q3 revenue ex construction €925.9M, +3% vs year-ago €900.4M

        • OPM.FP (OPmobility) -- reports Q3 revenue €2.46B vs FactSet €2.43B [1 est]

      • Benelux

        • RAND.NA (Randstad) --reports Q3 adjusted net income €120M vs consensus €111M; Organic revenue growth (1.2%) vs consensus (1.3%)

        • AKZA.NA (Akzo Nobel) -- reports Q3 EPS from continuing ops €1.01 ex-items; FY guidance intact; structural savings offsetting macro headwinds

      • Nordics

        • SHB.A.SS (Svenska Handelsbanken) -- reports Q3 EPS SEK3.00 vs FactSet SEK2.89 [14 est, SEK2.73-3.10]

        • STB.NO (Storebrand) -- reports Q3 cash EPS NOK3.08 vs consensus NOK2.63

        • AKRBP.NO (Aker BP) -- reports Q3 EPS $0.45 vs FactSet $0.55 [12 est, $0.45-0.62]

        • NAS.NO (Norwegian Air Shuttle) -- reports Q3 EPS NOK2.41 vs FactSet NOK2.12 [5 est, NOK1.87-2.26]

        • ARJO.B.SS (Arjo) -- reports Q3 EPS SEK0.30 vs FactSet SEK0.35 [5 est, SEK0.26-0.43]

        • SSAB.B.SS (SSAB) --reports Q3 EPS SEK1.49 vs consensus SEK1.40

      • Also reporting today

        • Earnings:

          • DACHs: SAP (SAP.GR), VEF (0TX.GR), BAWAG Group (BG.AV)

          • France: Verallia (VRLA.FP), Icade (ICAD.FP), Amplitude Surgical (AMPLI.FP), Bastide Le Confort Medical (BLC.FP)

          • Norway: DNB Bank (DNB.NO), Borregaard (BRG.NO),

          • Sweden: Boliden (BOL.SS), Thule Group (THULE.SS), Alleima (ALLEI.SS), Vimian Group (VIMIAN.SS), JM (JM.SS), MIPS (MIPS.SS), Bergman & Beving (BERG.B.SS), Swedencare (SECARE.SS), HEBA Fastighets (HEBA.B.SS), Elanders (ELAN.B.SS), Midsona (MSON.B.SS), Corem Property Group (CORE.A.SS), B3 Consulting Group (B3.SS), Logistea (LOGI.A.SS), MAG Interactive (MAGI.SS), Viaplay Group (VPLAY.A.SS)

          • Denmark: Ringkjøbing Landbobank (RILBA.DC),

          • Finland: OLVI (OLVAS.FH), Relais Group (RELAIS.FH), WithSecure (WITH.FH)

          • Southern Europe: Saipem (SPM.IM), CIE Automotive (CIE.SM), Global Dominion Access (DOM.SM), The Navigator Co. (NVG.PL)

          • UK: Barclays (BARC.LN), Softcat (SCT.LN)

          • Other: Icelandair Group (ICEAIR.IR)

        • Trading Update:

          • Benelux: Heineken (HEIA.NA), Econocom Group (ECONB.BB)

          • DACHs: u-blox Holding (UBXN.SW)

          • France: Hermes (RMS.FP), Kering (KER.FP), Cie Generale des Etablissements Michelin (ML.FP), Carrefour (CA.FP), Ipsen (IPN.FP), Klepierre (LI.FP), Covivio (COV.FP), VusionGroup (VU.FP), Exail Technologies (EXA.FP), Voltalia (VLTSA.FP), Fnac Darty (FNAC.FP), Synergie (SDG.FP), Groupe Crit (CEN.FP), Verimatrix (VMX.FP)

          • Nordics: BioGaia (BIOG.B.SS)

          • UK: Reckitt Benckiser (RKT.LN), Fresnillo (FRES.LN), Aberdeen Group (ABDN.LN), Quilter (QLT.LN), Hochschild Mining (HOC.LN), International Personal Finance (IPF.LN), PensionBee Group (PBEE.LN)

        • CMD/Events: Rieter Holding (RIEN.SW), Rank Group (RNK.LN), Kainos Group (KNOS.LN), System1 Group (SYS1.LN)

    • M&A

      • MC.FP (LVMH Moet Hennessy Louis Vuitton) -- LVMH considering sale of 50% stake in Fenty Beauty - Reuters

      • FOUR (Shift4 Payments) -- Shift4 To Acquire Worldline's North American Subsidiaries; terms not disclosed

      • OR.FP (L'Oreal) -- remains on lookout for acquisitions; says Chinese beauty market is improving - FT, citing CEO

      • IPN.FP (Ipsen) -- acquires ImCheck Therapeutics for €350M and downstream payments contingent upon achievement of regulatory and sales-based milestones for a total potential consideration of up to €1B

      • DEMANT.DC (Demant) -- to sell Oticon Medical to Impilo for total contractual consideration of up to DKK600M

      • EDPR.PL (EDP Renovaveis) -- announces JV Ocean Winds agrees to sell a 20.25% stake in the 500 MW Îles d'Yeu et Noirmoutier offshore wind farm (post EU close 21-Oct)

      • FLS.DC (FLSmidth & Co.) -- receives all regulatory approvals for Cement business divestment to Pacific Avenue Capital Partners, transaction will close in 4Q25

      • TWEKA.NA (TKH Group) -- Anritsu completes acquisition of DEWETRON GmbH

      • GCO.SM (Grupo Catalana Occidente) -- INOC increases price of voluntary public offer for acquisition of Grupo Catalana Occidente

      • Airbus, Thales and Leonardo nearing deal to merge their space businesses - Reuters, citing FT

    • Healthcare

      • SAN.FP (Sanofi) -- Sanofi's efdoralprin alfa meets primary, key secondary endpoints in ElevAATe phase 2 study

      • IVA.FP (Inventiva) -- SEC filing: SCHEDULE 13D (Filed by Samsara BioCapital, L.P.)

      • IVA.FP (Inventiva) -- Transcript Intelligence: Inventiva at H.C. Wainwright Liver Disease Virtual Conference

      • VIJ.GR (Viemed Healthcare) -- Transcript Intelligence: Viemed Healthcare at LD Micro Main Conference

      • NB2.GR (Northern Data) -- provides operational and capital markets update

    • Other

      • BP.LN (BP) -- JERA Nex bp to reduce activities in the US to minimal level and will close operating activities in the market

      • VOW.GR (Volkswagen) -- preparing to pause production of Golf and Tiguan models this week - Reuters (21-Oct, 16:13 CET)

      • ITV.LN (ITV) -- holder Liberty Global Ventures Limited intends to sell in aggregate ~191M shares by way of accelerated bookbuilding

      • SPM.IM (Saipem) -- strengthens offshore drilling order intake: new contracts and extensions worth a total amount of $135M

      • DOCM.SW (DocMorris) -- launches approx. CHF 45M Convertible Bonds due 2028 to fund early buyback of Convertible Bonds 2026

  • Key rating changes

    • Upgrades

      • XPP.LN (XP Power) -- to hold from reduce at Peel Hunt

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

    • Downgrades

      • GETI.B.SS (Getinge) -- to hold from buy at Pareto

      • HUSQ.A.SS (Husqvarna) -- to hold from buy at DNB Carnegie

      • MUM.GR (Mensch & Maschine Software) -- to hold from buy at Berenberg

      • INWI.SS (Inwido) -- to hold from buy at SEB

      • BNP.FP (BNP Paribas) -- to equal weight from overweight at Barclays

      • GLEN.LN (Glencore) -- to market perform from outperform at Bernstein

    • Other Actions

      • INWI.SS (Inwido) -- resumed hold at Handelsbanken

  • Data

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