Stock market news

VTB Bank

VTB's Supervisory Board has set the placement price of the additional shares at ₽0.018225 per share. Bank is placing 9.3 trillion ordinary shares, of which 33.5 billion securities have been applied for purchase under the pre-emptive right. Thus, VTB can raise up to ₽169.5 billion as part of the offering of ordinary shares.

Sistema

Sitronics Group presented a passenger double-deck electric catamaran Ecohod 2 of Ecocruiser model. Ship is equipped with two batteries of 400 kW each. Electric catamaran can carry up to 130 passengers. Movement of the electric catamaran is powered by electric traction and batteries, which makes its operation almost noiseless. Already this summer Ecohod 2 wil...

GAZ

GAZ may resume production of Volga brand cars in 2024, said the head of the Ministry of Industry and Trade Denis Manturov. Production of cars under this brand is planned to be organized by analogy with Moskvich, it is with the involvement of a technology partner. It is planned to choose a partner in the near future. Group is also looking for a new partner fo...

Sistema

Sitronics Group will equip the seaport of Sochi with the first domestic ship traffic control system. System will allow real-time control of compliance with rules of navigation and mooring of vessels in seaports. "Our solution has a number of technological innovations that allow us to successfully compete on both Russian and foreign markets,"- noted the presi...

Broadcom

Broadcom's GAAP net income for 6 months of fiscal 2023 was $7.255 billion, up 43.3% from $5.062 billion in the previous year. Revenue increased 11.6% to $17.648 billion from $15.809 billion a year earlier.

Sistema

Sitronics Group plans to create a hydrogen-powered vessel by the end of this summer. In addition, in the fall the company plans to present a fully uncrewed vessel that can operate both in autonomous mode completely without crew and with the possibility of remote control from the Unified Dispatch Center.

Sollers

Sollers' sales in 2023 could grow by 12%, growth could be even higher if there are no problems with the resource and component base, Zoya Kaika, deputy general director and co-owner of Sollers, said. "We expect to end 2023 with a profit. But there are still a lot of challenges, the main one being, of course, still the process of supplying the resource and co...

KAMAZ

Production of the Atom line of electric cars, created with Kamaz's participation by Kama, will most likely be organized at the Moskvich plant in Moscow. Kama plans to present prototypes of electric cars in October 2023 and produce the first prototype in mid-2024. It is planned to start serial production by the middle of 2025.

Far-Eastern Shipping Company

Fesco and RZD Logistics signed an agreement on cooperation and creation of a joint RailJet service for accelerated freight transportation in luggage railcars on the Moscow - Manchuria - Moscow route. Cargo will be dispatched twice a week, and the delivery time will be up to 5 days. Fundamentally new service will be an alternative to air cargo transportation...

Macy's

The Macy’s Board of Directors announced a quarterly dividend of $0.1654 per share. The last day to buy securities to receive the dividend is June 13, 2023. The annual dividend yield may reach 3.73%.