Stock market news

X5 Group

X5 Group's net retail revenue for 2022 was ₽2.577 trillion, up 18.3% compared to ₽2.178 trillion in the previous year. Average check was ₽469, up 7.2%. Retail space increased year-over-year by 8.3% to 9,107,479 square meters. Revenue from digital businesses was ₽70.4 billion, up 46.6% from ₽47.991 billion in the same period last year.

China Eastern Airlines

China Eastern Airlines will delist from the NYSE. China Eastern Airlines, like other Chinese companies, cited insignificant ADR trading volume on the NYSE, as well as the substantial costs of maintaining the listing and associated liabilities, as the reason for its departure. The company's last ADR trading day on the NYSE will be February 2, 2023.

Evoqua Water Technologies

Evoqua has entered into a merger agreement with Xylem. Evoqua shareholders will receive 0.48 shares of Xylem stock for each share of their company. As a result, they will own 25% of the combined company. Completion of the merger is scheduled for mid-2023.

Xylem

Xylem has entered into a merger agreement with Evoqua. Evoqua shareholders will receive 0.48 Xylem shares for each share of their company. As a result, they will own 25% of the combined company. Completion of the merger is expected in mid-2023.

China Southern Airlines Company

China Southern Airlines will delist from the NYSE. China Southern Airlines, like other Chinese companies, cited insignificant ADR trading volume on the NYSE as the reason for its exit, as well as the substantial costs of maintaining the listing and the obligations associated with it. The company's last ADR trading day on the NYSE will be February 2, 2023.

MOEX Group (Moscow Exchange)

Authorities plan to simplify the access of investors and companies from friendly countries to the Russian stock market. It is planned to improve tax conditions for foreigners, including in the area of remote identification. There are also plans to develop the issuance of securities in Russian jurisdiction by foreign companies. The Russian market will be most...

TMK

TMK sold its European division, TMK Artrom, to Serbian investment company Hefestos Capital. TMK Artrom is one of Europe's leading manufacturers of industrial seamless pipes; the company exported nearly 85% of its products to more than 50 countries. Production capacity of TMK-Resita metallurgical plant is 450 thousand tons of slabs a year, TMK-Artrom - 200 th...

Territorial Generating Company № 1

TGC-1's electricity generation, including Murmanskaya CHPP, amounted to 29.78 billion kW∙h in 2022, a 1.2% decrease from 30.137 billion kW∙h a year earlier. Heat output was 25.686 million Gcal, down 1.8% from 26.145 million Gcal in the previous year.

Cherkizovo Group

Cherkizovo Group increased the share of contracts in yuan in payments for supplies to China to 50% in 2022. Last year, the company also increased its overseas shipments by almost 25%, to more than 100,000 tons. As in previous years, chicken meat accounted for a significant part of exports - about 75,000 tons, 20% more than a year earlier.

Far-Eastern Shipping Company

Container market in Russia in 2022 decreased by 15.9% compared to 2021 and amounted to about 5.5 million TEU. Imports decreased by 12% to 2.1 million TEU, exports - by 25% to 1.5 million TEU, transit - 23%, to 750 thousand TEU. Domestic shipments remained at the level of 2021 - 1.1 million TEUs.