Stock market news

Federal Grid Company - Rosseti

Capital expenditures of Rosseti Group in 2023-2024 will reach a record level of ₽1 trillion. About 40% of investments will be used to implement programs in Siberia and the Far East.

Nebius Group

IT company Yandex has confirmed plans to open a second office in Belgrade this fall. It will become the company's main European hub, where Yandex employees from different countries will work. Company opened its first office in Serbia in the summer of 2022. It is designed for 700 people. By the end of the year, Yandex plans to expand its Serbian staff to 2,00...

Sistema

JFSC Systema will continue paying out dividends to its shareholders after the expiration of its dividend policy, the amount will be approximately at the level of previous years, said largest shareholder of the corporation Vladimir Evtushenkov. Current dividend policy is for the years 2021-2023. However, due to the macroeconomic turbulence caused by the event...

MOEX Group (Moscow Exchange)

Moscow Exchange presented a beta version of the information and trading terminal Trade Radar for work in the Russian financial market. Terminal gives access to the news feed and quotations for assets on Moscow Exchange, as well as reference data on securities issues. Besides, the system allows exchanging messages to negotiate conditions and conclude over-the...

Delta Air Lines

The Delta Air Lines Board of Directors announced a quarterly dividend of $0.1 per share. The last day to buy securities to receive the dividend is July 13, 2023. The annual dividend yield may reach 0.24%.

Rostelecom

Operator Rostelecom and National Media Group announced a deal to merge the video services More.tv and Wink into a joint venture. Combined service will operate under the Wink brand. Rostelecom's share in the capital of the joint venture will amount to 70%, and NMG's share will be 30%.

RUSAL

Rusal intends to build an alumina refinery in the Leningrad region with a capacity of 4.8 million tons. First stage with a capacity of 2.4 million tons per year will be commissioned by the end of 2028, the second stage with the same capacity - in 2032. Investment will amount to about ₽400 billion.

Russneft Oil Company

Trust non-core assets bank sold at the market 3.61% of RussNeft ordinary shares for nearly ₽1,4 billion, said Alexander Sokolov, chairman of the bank. He did not disclose the buyer of the block, pointing out that it was not a one-off sale - the shares were sold gradually. Besides, this year Trust intends to sell about one third of its stake of privileged sha...

X5 Group

Chizhik, a chain of hard discounters, opened its first stores in the Saratov region. Stores will be supplied by both federal and local suppliers from Chizhik's distribution center in Volgograd. Saratov region became the thirteenth region of the chain's presence. By the end of June 22 stores will open in the region, and in total up to 55 Chizhiks will work in...

Sistema

Sistema's OIBDA for 3 months of 2023 was ₽82.4 billion, up 12.9% from ₽73 billion in the previous year. Revenue increased by 7% to ₽221.1 billion versus ₽206.6 billion a year earlier.