Stock market news

TNS Energy Kuban

TNS Power Kuban's net profit under RAS for 2022 was $461.31 million, up 10.6 times from $43.47 million in the previous year. Revenue increased by 8.5% to $71.26 billion from $65.67 billion a year earlier.

KAMAZ

Kamaz automobile concern plans to generate ₽350 billion in additional revenue from passenger cars by 2030. A prototype of the digital car within the Atom project will be created by May of this year, Sergey Kogogin, head of Kamaz, said at the final session of Naberezhnye Chelny city council.

Fix Price Group

Fix Price's IFRS net income for 2022 was ₽21.411 billion, up 0.1% from ₽21.389 billion the previous year. Revenue increased 20.5% to ₽277.64 billion compared to ₽230.47 billion a year earlier.

NOVATEK

South Korean shipyard Daewoo Shipping & Marine Engineering has completed construction of a floating storage facility for Novatek's transshipment complex in Murmansk. The storage facility will arrive in Murmansk in a few months. According to Kommersant, a similar storage facility for Kamchatka's Koryak FSU will be ready in the second quarter. Using floating s...

Kazanorgsintez

Kazanorgsintez is preparing a lawsuit against Siemens Energy for the return of the unused part of the ₽9.1 billion advance on the construction project for the chemical plant's 250 MW combined-cycle plant. Under the contract, the CCGT-250 was to be commissioned on a turnkey basis by March 2023. However, in July 2022, Siemens backed out of its obligations due...

T-Technologies

European Union announced the tenth package of sanctions, which included three Russian banks - Tinkoff Bank, Alfa Bank and Rosbank. Tinkoff Investments said that they had been preparing for this scenario and had developed an infrastructure solution that would allow clients to transfer assets to a non-sanctioned company seamlessly within one to three weeks. Ac...

Motorola Solutions

The Motorola Solutions Board of Directors announced a quarterly dividend of $0.88 per share. The last day to buy securities to receive the dividend is March 13, 2023. The annual dividend yield may reach 1.38%.

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 March 13, 2023. The annual dividend yield may reach 3.16%.

RUSAL

March 10, the U.S. will impose a 200% duty on imports of aluminum and aluminum products from Russia, the press service of the White House. In a month from April 10 a similar duty on products containing Russian aluminum will take effect. Russia remains the fifth largest supplier of aluminum to the U.S. From March to July 2022 aluminum imports to the U.S. from...

Cowen

TD Bank Group received all necessary regulatory approvals to buy Cowen for $1.3 billion, or $39 per share. Deal will be closed on March 1.