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 (0.9%), CAC (0.6%)

Mar 12 ,2026

  • Synopsis

    • European equity markets set to open broadly lower. Asia equities seeing losses Thursday as Brent crude prices hovered around $100/bl amid few signs of a de-escalation in the Gulf.

    • Busy session for earnings/updates with the likes of BMW, RWE, Generali, JCDecaux, Swiss Life, and M&G among those reporting

    • Oil rebounding despite IEA's coordinated release of 400M barrels of strategic oil reserves. Left open questions about individual member contributions, timeline and whether release can cushion blow from continued Hormuz closure. Iran issuing more threats to block flows. Iran also said to be deploying mines. Commercial vessels have also been struck in vicinity, including fuel tankers in Iraqi waters. Reports also highlighting US difficulty combatting Iranian threat over the Strait. More mixed messaging from White House on war's timeline after Trump said war could send soon while also vowing to continue until job is finished.

    • In the UK, the RICS UK Residential Market Survey shows buyer demand dipped in Feb amid renewed concerns over the interest rate outlook. Posted a net balance of -26% in February, down from -15% last month. This represents a fresh decline following the slightly less negative trends seen through the early part of the year. Alongside this, the agreed sales measure posted a net balance of -12% (marginally weaker than -9% last time) at the aggregate level. RICS notes momentum appears to have been tempered by heightened geopolitical and macroeconomic uncertainty following the escalation of the conflict in the Middle East. As a result, near-term expectations have suffered a renewed setback, even though the twelve-month outlook for the market remains broadly positive for now.

    • Other European macro data releases out today include Sweden Feb final CPI and Ireland Feb CPI

    • In central banks, it's the start of ECB's pre-rate decision quiet period. BOE Bailey speech at 9:30GMT at Financial Stability Board payments summit (Bloomberg) and BOE's White speech at 14:40GMT at Connect Global Group 4th annual treasury and capital markets forum. Riksbank publishes Payments Report 2026 at 9:00CET with related press conf at 10:00. Turkey interest rate decision at 12:00CET. Consensus is for the benchmark rate to remain unchanged at 37%, with a handful of forecaster looking for a cut. Bank of France, Bundesbank, others host research conf on climate- and nature-related risks in the economic and financial system (through Fri); Bundesbank's Theurer opening remarks at 9:00CET. Estonia central bank hosts public seminar of the Fiscal Council title 'How to reconcile higher defense spending and sound public finances?'. IEA releases its latest monthly oil market report. In politics, Norway's PM Støre speech at 12noon CET at the annual conf. of Offshore Norway, and in the evening, hosts Chancellor Merz, topics for discussion include bilateral cooperation, European foreign and security policy, cooperation within NATO and security in the High North. In the UK, there's MPs questions on business and trade at 9:30GMT. Events include UK Finance releases business finance review and SMMT Electrified - the UK's preeminent summit on the electrification of road transport.

  • Politics/Macro/World News

    • Iranian attacks against ships in Gulf waters heightens market angst

    • Iran Says Truce Depends on US, Israel Pledging Not to Strike -- Bloomberg

  • Top company news

    • Earnings/updates

      • DACH

        • RWE.GR (RWE) -- reports FY Adj. net income €1.80B vs consensus €1.68B and guidance €1.3B-€1.8B; guides 2026 Adjusted net income between €1.55-2.05B vs FactSet €1.81B

        • BMW.GR (Bayerische Motoren Werke) -- reports Q4 EPS €2.92 vs consensus €1.74; announces €2B buyback and guides FY26

        • BNR.GR (Brenntag) -- confirms prelim FY25 earnings as per 4-Mar update; cuts divi by 10% and guides FY26

        • WAF.GR (Siltronic) -- reports Q4 EPS (€1.48) vs FactSet (€1.55) [5 est, (€1.85)-(1.12)]

        • ZAL.GR (Zalando) -- reports Q4 Adj. EBIT €262.1M vs StreetAccount €254.1M; initiates new share buy-back programme up to €300M from today, 12-Mar-26, until 14-Jul-26 (

        • GEBN.SW (Geberit) -- reports FY net income CHF617M ex-items vs FactSet CHF606.6M [20 est, CHF588-635M]

        • BANB.SW (Bachem Holding) -- reports FY EPS CHF1.98 vs FactSet CHF1.56 [9 est, CHF1.40-1.67]

        • FHZN.SW (Flughafen Zuerich) -- reports February traffic statistics

        • PPGN.SW (PolyPeptide Group) -- reports FY EPS (€0.64) vs FactSet (€0.39) [4 est, (€0.55)-(0.26)]

        • ACLN.SW (Accelleron Industries) -- reports FY EPS $2.48 vs FactSet $2.45 [9 est, $2.29-2.68]; raises dividend +20% y/y, to launch a share buyback

        • KARN.SW (Kardex Holding) -- reports FY net income attributable €41.6M including items

        • INRN.SW (Interroll Holding) -- reports FY net income CHF55.9M vs FactSet CHF57.0M [9 est, CHF50-60M]

        • GLJ.GR (GRENKE) -- reports FY EPS €1.29 vs FactSet €1.32 [6 est, €1.21-1.40]

      • Benelux

        • DSFIR.NA (dsm-firmenich)

          • sees FY26 adj EBITDA margin at ~20%; issues mid-term targets -- CMD

          • announces €540M share repurchase program

        • PHARM.NA (Pharming Group) -- reports Q4 EPS $0.01 vs FactSet $0.00 [3 est, $0.00-0.00]; guides FY26 total revenues between $405M - $425M vs FactSet $420.05M

      • Southern Europe

        • G.IM (Assicurazioni Generali) -- reports FY net income €4.32B vs consensus €4.23B; hikes divi by ~15% and announces €500M buyback

        • SFER.IM (Salvatore Ferragamo) -- reports FY net income (€49.2M) vs FactSet (€49.3M) [12 est, (€63.3)-(26.1M)]

      • France

        • DEC.FP (JCDecaux) -- reports FY net income attributable €262.9M vs FactSet €257.3M [10 est, €234.6-298.7M]

        • GBT.FP (Guerbet) -- reports FY net income (€112.7M) vs year-ago €13.5M

        • IDL.FP (ID Logistics Group) -- reports FY net income €64.4M vs FactSet €68.8M [7 est, €63.5-76.0M]

        • MTU.FP (Manitou BF) -- reports FY net income €68.5M vs FactSet €88.1M [7 est, €78.7-104.7M]

      • Nordics

        • RUSTA.SS (Rusta) -- reports Q3 EPS SEK2.20 vs FactSet SEK1.90 [3 est, SEK1.71-2.09]

    • Also reporting today

      • Earnings:

        • Austria: Vienna Insurance Group (VIG.AV), Oesterreichische Post (POST.AV)

        • Benelux: Groupe Bruxelles Lambert (GBLB.BB)

        • France: Vivendi (VIV.FP), Rubis (RUI.FP), Maurel et Prom (MAU.FP), Antin Infrastructure Partners (ANTIN.FP), Voltalia (VLTSA.FP), Sword Group (SWP.FP), Verimatrix (VMX.FP)

        • Germany: Daimler Truck (DTG.GR), Hannover Re (HNR1.GR), MLP (MLP.GR)

        • Nordics: Bavarian Nordic (BAVA.DC), Columbus (COLUM.DC)

        • Other: CEZ (CEZ.CP)

        • Southern Europe: ACEA (ACE.IM), Avio (AVIO.IM), SeSa (SES.IM), Safilo Group (SFL.IM), Aquafil (ECNL.IM), Multitude (FRU.MIL.IM)

        • Switzerland: Swiss Life Holding (SLHN.SW), Autoneum Holding (AUTN.SW), Molecular Partners (MOLN.SW)

        • UK: Informa (INF.LN), M&G (MNG.LN), Computacenter (CCC.LN), Helios Towers (HTWS.LN), TP ICAP Group (TCAP.LN), Savills (SVS.LN), Volution Group (FAN.LN), Vesuvius (VSVS.LN), Oakley Capital Investments (OCI.LN), Alfa Financial Software Holdings (ALFA.LN), Secure Trust Bank (STB.LN), James Fisher & Sons (FSJ.LN)

      • Trading Update:

        • UK: Halma (HLMA.LN)

      • Traffic:

        • Fraport AG Frankfurt Airport Services Worldwide (FRA.GR), Flughafen Wien (FLU.AV), DFDS (DFDS.DC)

    • M&A

      • CEMEXCPO.MM (CEMEX) -- Holcim agrees to acquire the building materials and solutions operations in Colombia from Cemex; transaction value $485M

      • SVS.LN (Savills) -- reportedly in talks to acquire Eastdil Secured for $1.2B - Bisnow, citing report from Green Street News

      • BHP.AU (BHP Group) -- South32 considered a leading contender for BHP's West Musgrave nickel mine - The Australian

      • 5.HK (HSBC Holdings) -- Allianz, Sun Life Financial consider bidding for HSBC's Singapore insurance business - Bloomberg

      • ACA.FP (Credit Agricole) -- Crédit Agricole Ukraine signs agreement to acquire Bank Lviv; terms not disclosed

      • Last day of initial acceptance period in connection with Worthington Steel's (WS) offer to acquire Kloeckner & Co. (KCO.GR)

    • Healthcare

      • GMAB.DC (Genmab) -- Transcript Intelligence: Genmab at Barclays Global Healthcare Conference

      • ZEAL.DC (Zealand Pharma) -- Transcript Intelligence: Zealand Pharma at Barclays Global Healthcare Conference

      • ONT.LN (Oxford Nanopore Technologies) -- Transcript Intelligence: Oxford Nanopore Technologies at Barclays Global Healthcare Conference

      • EGTX.SS (Egetis Therapeutics) -- Transcript Intelligence: Egetis Therapeutics at Leerink Global Healthcare Conference

      • 4FR.GR (Faron Pharmaceuticals) -- receives approval from Finnish Financial Supervisory Authority for previously announced €40M rights offering

    • Other

      • APAM.NA Aperam will join the Bel20 effective 23-March

      • AIR.FP (Airbus SE) -- ÖAMTC Flugrettung and Airbus Helicopters announce strategic long-term framework contract for Airbus H135, H140 and H145 helicopters

      • RKT.LN (Reckitt Benckiser) -- Transcript Intelligence: Reckitt Benckiser at UBS Global Consumer and Retail Conference

      • ADEN.SW (Adecco Group) -- signs a new multi-year agreement with Salesforce

      • MTRS.SS (Munters Group) -- announces Stefan Aspman to succeed Klas Forsström as President and CEO

      • CO.FP (Casino Guichard-Perrachon) -- Casino Group comments on Co. Brasileira's agreement with main creditors for filing of extrajudicial recovery plan

  • Key rating changes

    • Upgrades

      • HOC.LN (Hochschild Mining) -- to overweight from neutral at JPMorgan

      • NESTE.FH (Neste) -- to outperform from sector perform at RBC Capital Markets

      • REP.SM (Repsol) -- to outperform from underperform at RBC Capital Markets

      • RTO.LN (Rentokil Initial) -- to buy from neutral at UBS

      • SHUR.BB (Shurgard Self Storage) -- to buy from hold at Kepler Cheuvreux

    • Downgrades

      • BOY.LN (Bodycote) -- to sector perform from outperform at RBC Capital Markets

      • AKRBP.NO (Aker BP) -- to sell from hold at SEB

      • ANDR.AV (Andritz) -- to neutral from outperform at Oddo

      • NEXI.IM (Nexi SpA) -- to hold from buy at Kepler Cheuvreux

    • Initiations

      • HBR.LN (Harbour Energy) -- buy at DNB Carnegie

    • Other Actions

      • HIK.LN (Hikma Pharmaceuticals) -- reinstated buy at Peel Hunt; prior rating was buy

  • Data

    • Nikkei (1.04%) to 54452.96

    • Hang Seng (0.92%) to 25661.11

    • Shanghai Composite (0.08%) to 4130.22

    • S&P futures (50.5) vs prior close of 6779.5

    • €-$ (0.0018) or (0.16%) to 1.1549

    • $-¥ (0.00) or (0.00%) to 158.95

    • €-¥ (0.31) or (0.17%) to 183.54

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

    • BNY.com Terms of Use Privacy Cookie Notice Manage Cookies Disclaimer CUSIP Disclaimer

    • ©  2025 The Bank of New York Corporation. Depositary Receipt business and services are conducted through The Bank of New York.