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: BNY).

 

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 +0.3%, DAX +0.5%, CAC +0.6%, IBEX +0.5%, MIB +0.3%; Nordic markets and Switzerland closed

May 14 ,2026

  • Synopsis

    • European equity markets set to open broadly higher. Note that Denmark, Finland, Iceland, Norway, Sweden, Switzerland are all closed (Ascension Day).

    • Asian equities mixed Thursday. Greater China markets losing momentum with Hong Kong erasing gains and mainland losses picking up. Nasdaq futures higher afterhours with CSCO up 20% after revenue guidance topped expectations. Crude turning higher. Gold and silver tracking lower. Dollar steady against majors. Bitcoin back below $80K.

    • Trump-Xi summit underway. Two leaders opened with friendly remarks, Trump vowing US-China relations will be better than before and Xi noting importance of stable ties. Two sides expected to extend trade truce with Chinese purchases of agricultural, energy products and aircraft on the cards. Mooted Board of Trade to facilitate talks on framework for reducing tariffs on some $30B of non-strategic goods. US CEOs in attendance with Trump pushing China for increased market access.

    • European macro data releases include UK Q1 preliminary GDP, Mar industrial/manufacturing production, trade balance, construction output, monthly GDP tracker - NIESR, Spain Apr final CPI, Ireland Apr CPI

    • RICS UK Apr house price balance already on the tape, coming in at (34%) vs consensus (25%) and prior revised (25%) from (23%). Regional results point to a growing divergence between the North and South. Higher mortgage rates and wider geopolitical uncertainty continuing to weigh on buyer demand and sales activity. Forward-looking indicators suggest muted conditions are likely to persist over the coming months.

    • In central banks, SNB's Moser panellist 11:45BST at FT's Digital Assets Summit and ECB's Machado speech at 14:10CET at 4th Annual Lisbon Securitisation Symposium. BOE's Pill speech at a NatWest roundtable.

    • BoE's Breeden cited in the FT saying she saw a lower risk of the war in the Middle East fuelling a "nasty" spiral of rising wages and prices compared with the fallout from the Russian invasion of Ukraine. "It's much less likely to lead to second-round effects on the scale that we saw back in 2022," she was cited saying. This is because "activity is lacklustre, the labour market is looser, monetary policy was restrictive prior to the shock, and is more restrictive now". According to the report, Breeden signalled there is no rush to raise rates, suggesting any move could wait until late 2026, pushing back on market bets for summer hikes.

    • In politics, in the UK, MPs continue to debate the Kings Speech. German Chancellor Merz attends and delivers speech at the International Charlemagne Prize award ceremony (prize will be awarded to Mario Draghi). EU's Kadis delivers a welcome address at the 4th Aquaculture Industry Congress. There's FT event US Pharma and Biotech Summit, speakers include execs from Bayer (BAYN.GR), Novartis (NOVN.SW)

    • Among notable companies out with earnings/updates are Telefonica (TEF.SM), Aviva (AV.LN), ITV (ITV.LN), National Grid (NG.LN), Burberry Group (BRBY.LN),

  • Macro/politics

    • ECB to Hike If Oil Deanchors Inflation Expectations, Kazaks Says -- Bloomberg

    • Streeting expected to launch leadership bid, allies say, as PM warns any contest would cause 'chaos' -- BBC

    • Angela Rayner says she has been cleared by HMRC after stamp duty row -- ITV

    • Miliband vows permanent shutdown of the North Sea -- Telegraph

  • Top company news

    • Earnings/updates

      • TEF.SM (Telefonica) -- reports Q1 adj EBITDA €2.84B vs consensus €2.79B; confirms 2026 guidance

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

      • AB.FP (AB Science) -- reports FY25 net income (€1.6M) vs FactSet (€8.3M) [1 est]

      • GEST.SM (Gestamp Automoción) -- reports Q1 net income attributable €49.1M vs FactSet €29.7M [3 est, €11-48.6M]; reaffirms FY guidance

      • CTY1S.FH (Citycon) -- reports Q1 EPRA EPS €0.15 ex-items vs year-ago €0.15

      • SHUR.BB (Shurgard Self Storage) -- reports Q1 Adj EPRA EPS €0.34 vs year-ago €0.36

      • NB2.GR (Northern Data) -- reports Q1 adjusted EBITDA €24M (including €8M other operating income)

      • MFEB.IM (MFE-MEDIAFOREUROPE) -- reports Q1 net income €26.1M vs year-ago pro forma (€41.3M)

      • BLC.FP (Bastide Le Confort Medical) -- reports Q3 revenue €131.5M, +5% vs year-ago €125.3M

      • Also reporting today

        • Earnings:

          • DACHs: Freenet (FNTN.GR)

          • Greece: HELLENiQ ENERGY Holdings (ELPE.GA)

          • Italy: Unipol Gruppo (UNI.IM), Technoprobe (TPRO.IM), A2A (A2A.IM), ACEA (ACE.IM), Carel Industries (CRL.IM), Moltiply Group (MOL.IM), Tinexta (TNXT.IM), doValue (DOV.IM), Italian Exhibition Group (IEG.IM), Equita Group (EQUI.IM), Orsero (ORS.IM), FNM (FNM.IM), Sabaf (SAB.IM), Biesse (BSS.IM), SYS-DAT (SYS.IM), Trevi-Finanziaria Industriale (TFIN.IM), Aquafil (ECNL.IM)

          • Nordics: Vantage Drilling International Ltd. (VDI.NO), S.D. Standard ETC (SDSD.NO), Electromagnetic Geoservices (EMGS.NO)

          • Other: CEZ (CEZ.CP), KRKA d.d. (KRKG.SV)

          • Spain: TMERLIN Properties SOCIMI (MRL.SM), Inmobiliaria Colonial SOCIMI (COL.SM),

          • UK: National Grid (NG.LN), 3i Group (III.LN), Land Securities Group (LAND.LN), Burberry Group (BRBY.LN), Grainger (GRI.LN), Auction Technology Group (ATG.LN), Future (FUTR.LN), Microlise Group Holdings (SAAS.LN)

        • Trading Update:

          • Southern Europe: Webuild (WBD.IM)

          • UK: Aviva (AV.LN), ITV (ITV.LN), Vesuvius (VSVS.LN), Princes Group (PRN.LN)

    • M&A

      • SHEL.LN (Shell Plc) -- Aditya Birla Group and KKR are remaining bidders for Shell Plc's Sprng Energy -Economic Times

      • ITV.LN (ITV) -- Sky progressing towards deal to acquire ITV's Media and Entertainment unit - Reuters

      • UPM.FH (UPM-Kymmene) -- acquires Ray Technology(R) intellectual property from Avantium, broadening its bio-based glycols IP portfolio

      • EAPI.FP (Euroapi) -- notes local media reports regarding its Brindisi site; is engaged in discussions with potential buyers regarding the future of the Brindisi site but no decision has been made

      • 2371.JP (Kakaku.com) -- LY Corp., Bain Capital revise offer for Kakaku.com to ¥3,232/share from ¥3,000/share

      • THEON.NA (Theon International) -- to acquire a single digit minority equity stake in Twin Prime for total cash consideration of $3M

      • BCHN.SW (Burckhardt Compression Holding) -- to acquire Fornovo Gas; financial terms not disclosed

      • NB2.GR (Northern Data) -- Rumble announces initial results of exchange offer for Northern Data

      • AVTX.NA (Avantium) -- confirms the sale of Ray Technology intellectual property to UPM-Kymmene for €2.7M in cash

    • Healthcare

      • 2KZ0.GR (Kezar Life Sciences) -- SEC filing: SCHEDULE 13D/A (Filed by TANG CAPITAL MANAGEMENT LLC)

      • CRNA.NO (Circio Holding) -- Transcript Intelligence: Circio Holding Business Update Call

    • Other

      • DG.FP (VINCI SA) -- subsidiary Taylor Woodrow awarded contract with a total value of £856M (€990M) for the future HS2 line

      • Inner Mongolia Dian Tou Energy receives HKIAC final ruling on Glencore alumina contract dispute; subsidiary liability up to $44.7M

      • CIE.SM (CIE Automotive) -- holder Mahindra Overseas Investment Co placing ~4.29M shares via accelerated bookbuild through BNP Paribas (post EU close 13-May) (

      • XPeng, Inc. explores Volkswagen factory deal in Europe - FT

  • Key rating changes

    • Upgrades

      • ORSTED.DC (Ørsted) -- to overweight from equal-weight at Morgan Stanley

      • EPI.A.SS (Epiroc) -- to buy from neutral at Goldman Sachs

      • TKMS.GR (TKMS AG & Co. KGaA) -- to neutral from underperform at BofA

    • Downgrades

      • TRMD.A.DC (TORM Plc) -- to hold from buy at Pareto (earlier, timing uncertain)

      • VTY.LN (Vistry Group) -- to hold from buy at Stifel

      • WKP.LN (Workspace Group) -- to hold from buy at Peel Hunt

      • SRG.IM (Snam) -- to hold from buy at Kepler Cheuvreux

  • Data

    • Nikkei (0.90%) to 62703.02

    • Hang Seng +0.26% to 26458.31

    • Shanghai Composite (0.89%) to 4204.77

    • S&P futures +12.0 vs prior close of 7469.5

    • €-$ (0.0002) or (0.02%) to 1.1711

    • $-¥ +0.02 or +0.01% to 157.90

    • €-¥ +0.01 or +0.01% to 184.91

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

    • 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.