Stock market news

FedEx

FedEx's GAAP net income for 3 months of fiscal 2024 was $1.08 billion, up 23.4% from $0.875 billion in the prior year. Revenue declined 6.5% to $21.7 bln vs. $23.2 bln a year earlier.

Cherkizovo Group

Shareholders of Cherkizovo approved dividends for 6 months 2023 in the amount of ₽118.43 per ordinary share. Last day of purchase of securities to receive dividends is September 28, 2023. Dividend yield may amount to 2.81%.

MMC Norilsk Nickel

MMC Norilsk Nickel plans to ship 45 thousand tons of copper to China via the Eastern Transport Corridor during the summer navigation period this year. Previously, the main channel of copper products supply to China was overland shipments from the Bystrinsky Mining and Processing Division in the Zabaikalsky Territory, which produces up to 70 thousand tons of...

Alrosa

Alrosa suspended sales of rough diamonds for two months amid concerns about a decline in demand in international markets. Decision was made after receiving a request from India's Gem and Jewelry Export Promotion Council. Company believes that the suspension of sales will help prevent overstocking, especially as the Diwali festival in India approaches, when m...

Detsky Mir

DMFA JSC consolidated 58.26% of Detsky Mir PJSC shares by transferring 100% of shares to non-public DMK JSC as payment for part of the repurchased shares. Now DMFA intends to make another offer to repurchase the remaining shares of Detsky Mir PJSC. Upon completion of the repurchase, PJSC Detsky Mir may be liquidated, subject to necessary corporate resolution...

Mastercard

The Mastercard Board of Directors announced a quarterly dividend of $0.57 per share. The last day to buy securities to receive the dividend is October 5, 2023. The annual dividend yield may reach 0.6%.

Cian

Cian has received approval from the government commission for control over foreign investment in Russia to acquire SmartDeal, a real estate transaction registration service. Cian has been trying to acquire the service since 2021, but the company has been unable to obtain regulatory approvals.

Yakovlev

Yakovlev expects to receive requirements for civilian drone characteristics from GTLK by the end of the year and start designing the aircraft. Production may be launched as early as 2024.

OGK-2

OGK-2's additional share issue will be placed by private subscription in favor of GEH Engineering LLC, which is part of Gazprom Energoholding. An extraordinary shareholders' meeting on the issue of 48.3 billion shares will be held on October 10. Additional shares can be paid for both in cash and by offsetting cash claims against the company. Now the authoriz...

LUKOIL

Arbitration Court of Moscow has approved a settlement agreement in the dispute over the application of the bankruptcy trustee of Otkritie Holding, Maria Bulatova, and its main creditor, Trust Bank, to recover ₽12.1 billion from Lukoil to the bankruptcy estate of Otkritie Holding. Conditions of the settlement agreement were not disclosed.