Stock market news

Walt Disney

Walt Disney's GAAP net income for 6 months of fiscal year 2023 was $2.849 billion, up 62.9% from $1.749 billion in the previous year. Revenue increased 10.4% to $45.327 billion from $41.068 billion a year earlier.

Federal Grid Company - Rosseti

State will pay for additional issue of Rosseti with shares of Novosibirsk Regional Power Grids JSC, which it received as part of the trial of ex-Minister Mikhail Abyzov. RPG has a dominant position in the market of electric power transmission services in the Novosibirsk Region. Company revenues last year amounted to ₽17.5 billion, profit - ₽801.6 million.

Seligdar

Seligdar's RAS net profit for 3 months of 2023 amounted to ₽1.078 billion, a 3-fold increase from ₽0.373 billion in the previous year. Revenue rose 1.4% to ₽218.61 million versus ₽215.55 million a year earlier.

Rusolovo

Rusolovo's RAS loss for 3 months of 2023 was ₽82.121 million, down 2.4 times from ₽194.95 million in the previous year. Revenues fell threefold to ₽0.91 billion versus ₽2.88 billion a year earlier.

LSR Group

LSR is exploring the possibility of selling land plots on Sofiyskaya Street in the Frunzensky District of St. Petersburg, where the company's concrete plant is located. Plant is located on two plots of land with a railway line, the total area of the territory is 5.8 hectares. However, the production facilities that are located on the site occupy only 0.8 hec...

Sistema

Natura Siberica plans to expand its retail network by a third over the next year. Three new outlets have already been opened this year, and eight more will start operating in May. By the summer of 2024, the Natura Siberica network will grow to 100 stores. Currently the company has 67 outlets. In addition to its own retail stores the company is developing the...

Syneos Health

A consortium of investment firms including Elliott Investment Management, Patient Square Capital and Veritas Capital is buying Syneos Health for $7.1 billion, or $43 per share. Closing of deal is scheduled for second half of 2023.

Transneft

Transneft plans to complete the expansion of its trunk oil pipelines to the Baltic port of Primorsk in 2024 and to Novorossiysk in 2025. Plan of development of the Russian oil export infrastructure till 2026 provides for expansion of all the main oil ports - Kozmino, Primorsk, Novorossiysk. After its implementation the capacity will increase by more than 26...

Nizhnekamskshina

Nizhnekamskshina's RAS net profit for 3 months of 2023 was ₽73.032 million, down 13.7% from ₽84.666 million in the previous year. Revenue was down 3.6% to ₽2.388 billion versus ₽2.476 billion a year earlier.

Sberbank

Herman Gref's contract as head of Sberbank will be extended for the next four years, sources told Frank Media. Gref has been the head of the bank since late 2007. Last time his powers were extended in May 2019, then it was done by the bank's shareholders, and the controlling stake belonged to the Bank of Russia. However, since then, control has passed to the...