Stock market news

Macy's

Macy's GAAP net income for 3 months of 2023 was $155 million, down 45.8% from $286 million in the previous year. Revenue declined 6.8% to $4.982 billion from $5.348 billion a year earlier.

Mobile TeleSystems

MTS acquired the remaining 41.62% in Gulfstream Security Systems JSC, consolidating 100% of the provider of security services and smart home solutions. Company also completed the reorganization of the Smart Home business line, which was aimed at consolidation of Gulfstream assets and projects related to security and implementation of digital systems for home...

SPB Exchange

SPB Exchange on June 5 will admit 14 new ETFs to trading, including 13 margin funds, five of which are reverse ETFs. Margin ETFs are designed to produce returns that correlate with the benchmark index, but at two or three times higher than it, or, conversely, show returns that are one, two or three times the return of the benchmark index.

Federal Grid Company - Rosseti

Rosseti intends to carry out an additional issue of 240.89 billion shares. Securities will be placed by private subscription in favor of the Federal Property Management Agency and will be paid for by shares of Regional Electric Grids, Electromagistral, and Energetik, as well as property, including electric grid facilities located in the Republic of Crimea, K...

Segezha Group

Segezha Group sees great prospects in doing business in North Africa - the region has not only developed logistics, but also relatively solvent demand. At the same time, the potential of cooperation with African countries is still largely unexplored.

Solidcore Resources

Polymetal has fully approved the sites for the autoclave complex in Kazakhstan. Negotiations will take place in June to transport the autoclave heart of the plant to the site. Expectedly, the unit will be ready for shipment from Belgium in Q3.

Salesforce

Salesforce's GAAP net income for 3 months of fiscal year 2024 was $199 million, up seven times from $28 million in the previous year. Revenue rose 11.3% to $8.247 billion from $7.411 billion a year earlier.

Magnit

Retailer Magnit will change the company's management structure starting June 30 with the introduction of two new positions - managing director and executive director. President of the retailer Jan Dunning will move to the position of executive director. Anna Meleshina, the head of corporate relations and sustainable development department of the company, wil...

Rostelecom

Rostelecom Data Center plans to bring the number of rack space in data centers in Russia to 22 thousand this year, and within 5 years their number is expected to at least double. At present, the company has just over 16 thousand data centers. Besides, the company has started to develop mobile mini-DPCs, which can be delivered to any place a customer wants. S...

Yakovlev

Irkut Corporation in 2023 will produce 6 Superjet-100 aircraft instead of 19 because of problems with spare parts, said Yevgeny Romanov, Minister of Industry and Trade of the Khabarovsk Territory. Sanctions include a ban on the supply of systems and components necessary for the production and maintenance of aircraft. Russian aviation industry stopped receivi...