Stock market news

Worthington Industries

Worthington Industries' GAAP net income for fiscal year 2023 was $269.17 million, down 32.6% from $399.26 million in the previous year. Revenue declined 6.2% to $4.916 billion from $5.242 billion a year earlier.

Micron Technology

Micron Technology's GAAP loss for 9 months of fiscal year 2023 was $4.403 billion, compared to a profit of $7.195 billion in the previous year. Revenue decreased twofold to $11.53 billion from $24.115 billion a year earlier.

Magnit

Retailer Magnit increased the volume of the offer to buy out shares from non-residents by three times - up to 30.37 million shares or up to 29.8% of all outstanding securities. Decision was made due to a large number of shareholders' requests to increase the volume of supply for the most complete sale of their shares, the company said. Other terms of offer,...

VTB Bank

Management company Progressive Investment Ideas bought out about 20% of VTB's market additional issue, said to journalists at the annual general meeting of NP RTS members chairman of the association council Anatoly Gavrilenko. In particular, VTB shares could have been purchased by the closed unit investment fund FDI Reserve managed by Progressive Investment...

SPB Exchange

SPB Exchange is not planning to pay dividends in the near future and will reinvest profits in business development. "We mostly reinvest all of our profits in development projects. That's why for the time being we were going to continue to do exactly that. We do not yet see any limit to our growth," said head of the trading floor Roman Goryunov.

SPB Exchange

SPB Exchange is considering the launch of DFA on Chinese shares and intends to launch a pilot by the end of the year, said the head of the trading platform Roman Goryunov. Earlier, the trading floor also reported on plans to provide its information platform to other organizations to issue and circulate cash DFA as well as hybrid digital rights, which include...

T-Technologies

Tinkoff Bank has launched the Tinkoff Pay instant payment service for Android-based smartphones, to which any Tinkoff card of the Mir payment system can be linked. Opportunity to pay for purchases in stores by attaching a smartphone to the payment terminal will appear to users of the application gradually: all customers - Android users the function will be a...

Magnit

Retailer Magnit is considering doubling its offer to buy back blocked shares amid high demand from Western investors seeking to exit Russian assets, sources told Reuters. In mid-June, the company offered non-residents to buy back up to 10.191 million shares at a price of ₽2215 per share.

Sollers

Sollers Automobile Building Group supplied 100 all-metal vans Sollers Atlant to the carsharing service of Yandex.Drive for rent around Moscow. Vans with GVW up to 2.5 tons with a short wheelbase and a low roof are equipped with Euro-5 diesel engine with a capacity of 1.9 liters and a maximum power of 136 hp. The cargo compartment of the vehicle has a volume...

MOEX Group (Moscow Exchange)

Moscow Exchange offered money market participants an opportunity to place and raise funds in Chinese yuan in the M-deposits segment and on the MOEX Treasury platform. Transactions with a term of up to one year are available to customers. In addition, the platform now allows for the settlement of transactions concluded on the M-deposit market through the Nati...