Stock market news

Territorial Generating Company № 2

Leninsky District Court of Yaroslavl has satisfied the lawsuit filed by the Prosecutor General's Office to convert 81.66% of TGK-2 shares into state revenue. Papers were seized from the structures of Leonid Lebedev, a former senator from Chuvashia, who is on an international wanted list on charges of embezzling $220 million from TGK-2 together with other uni...

Wells Fargo & Co

Wells Fargo & Co's GAAP net income for the first six months of 2023 was $9.929 billion, up 43.3% from $6.93 billion in the prior year. Revenue rose 18.7% to $41.262 billion from $34.768 billion a year earlier.

JPMorgan Chase & Co

JPMorgan Chase & Co's GAAP net income for the first six months of 2023 totaled $27.094 billion, up 60% from $16.931 billion in the prior year. Revenue rose 29.7% to $79.656 billion from $61.432 billion a year earlier.

UnitedHealth Group

UnitedHealth Group reported GAAP net income of $11.085 billion for the first six months of 2023, up 9.8% from $10.097 billion in the prior year. Revenue increased 15.2% to $184.834 billion from $160.481 billion a year earlier.

VK

The Russian Quantum Center and VK will jointly develop quantum computing using the VK Cloud platform. The first experiments have already solved some of the technological and infrastructural problems and allowed to perform calculations with record-breaking indicators for Russia. The companies signed a strategic cooperation agreement.

Acron

In the first half of 2023, Acron increased its commercial fertilizer output by 7% to 3,669,000 tonnes, up from 3,425,000 tonnes a year earlier. Nitrogen fertilizer output increased by 12.1% to 2,879,000 tonnes, while ammonia production rose to 1,398,000 tonnes, 7.8% higher than in the first half of 2022.

Aeroflot

The total volume of transportation by Aeroflot Group airlines in June amounted to 4.3 million passengers, up 15.7% year-on-year. 3.6 million passengers were carried on domestic routes. On international lines - 794.3 thousand passengers, which is 2.3 times higher compared to the same period in 2022. From January to July 2023, passenger traffic increased by 21...

Sollers

"Sollers has closed a deal to buy out Isuzu Rus from Japanese Isuzu. The Russian company will supply spare parts for ISUZU trucks and fulfill warranty obligations to customers. Sollers also plans to restart production in Ulyanovsk to save jobs and ensure maximum utilization of existing production facilities.

Seligdar

Seligdar Holding does not rule out the possibility of paying dividends based on the results of 2023. "I think that based on the results of 2023, the probability that we will pay dividends, it is not zero," said Konstantin Beirith, President of the company and member of the Board of Directors. When deciding on dividends, we take into account the interests of...

Seligdar

Seligdar Holding will maintain gold production at 7.6 tons per year in 2023-2024. After the launch of the gold extraction plant at the Khvoynoye deposit in 2025, the company expects to cross the production milestone of 10 tons, and with the start of production at Kyuchus, to reach annual production of 20 tons of gold by 2030. Company has already completed dr...