Stock market news

Ashinskiy metallurgical works

Shareholders of Ashinskiy Metallurgical Plant decided to apply for delisting of the company's ordinary shares.

Svetofor Group

Svetofor driving school has developed a platform for driver training using Svetofor VR virtual reality technologies. Company intends to train high school students in St. Petersburg with the help of the new platform. According to a survey conducted by the company, about 50 thousand high school students are ready to be trained. Given the average cost of traini...

LUKOIL

Lukoil and KazMunaiGas close the Zhenis project. At the project a geological risk was realized - drilling of a prospecting and exploration well confirmed that the trap was not filled with hydrocarbons. Probability of success at the time of appraisal and start of the project was 20%. Exploration work to clarify the prospectivity of the area was fully financed...

SPB Exchange

SPB Exchange will move Hong Kong securities to a friendly infrastructure by the end of 2023. First Hong Kong instruments to be traded on the exchange through a fully friendly infrastructure will be ETFs with a primary listing on the Hong Kong Stock Exchange. Trading in Hong Kong ETFs will be launched by SPX Exchange tomorrow, July 12. Settlement will be in R...

NOVATEK

Polish authorities have started the process of selling the property of Novatek's subsidiary Novatek Green Energy. In the fall of last year, Novatek Green Energy, which was placed on the national sanctions list, was placed under compulsory administration. Prior to being placed on the sanctions list, Novatek Green Energy sold propane-butane and liquefied natur...

TMK

Sergey Chikalov, the company's former Deputy CEO for Operations and Development, has been appointed CEO of Pipe Metallurgical Company, according to the Unified State Register of Legal Entities. In this position he replaced Igor Korytko, who worked at TMK since August 2018 and was responsible for the issues of digital business transformation. He held the posi...

VTB Bank

VTB's net profit under IFRS for 6 months of 2023 amounted to 289 billion rubles, according to the bank's materials for the working meeting of the head of the credit institution Andrey Kostin with Russian President Vladimir Putin. By the end of 2023, VTB plans to earn about 400 billion rubles of net profit.

Acron

Poland imposed compulsory administration of Akron's stake in Grupa Azoty with a view to its subsequent seizure. Grupa Azoty specializes in the production of structural plastics, nitrogen and complex fertilizers. Chemical Holding is the fifth largest polyamide producer in Europe, the only Polish producer of polyoxymethylene and one of the leading fertilizer p...

Kovrov Mechanical Plant

Kovrov Mechanical Plant's RAS loss for 6 months of 2023 amounted to ₽26.466 million, up 46.5% from ₽18.071 million in the previous year. Revenue increased 25.7% to ₽894.54 million against ₽711.73 million a year earlier.

Magnitogorsk Iron and Steel Works

MMK will create an import-substituting production facility for rolling rolls. The capacity of the new shop will be about 24 thousand tons of products per year. Investment in the project will exceed ₽14 billion. Main consumers of the new products will be large metallurgical companies, including MMK itself, Severstal, NLMK, EVRAZ, Mechel, ChTPZ and Krasny Okty...