Stock market news

Rusolovo

Moscow Exchange has announced the removal of the restriction on settlement codes for Rusolovo shares from January 19. Earlier it was planned to resume trading from January 18. Calculated price of one share taking into account conducted split 1:10 is ₽0.7955.

Alrosa

Indian diamond traders want to get more rough from Russia, but so far they can't solve the problem with payment. Deliveries from Russia to India have dropped by 40% since April this year due to the refusal of banks to finance the deals. The rupee-denominated trade mechanism is not working because none of the counterparties are willing to take on the currency...

Sberbank

Sberbank has formed a team and is starting to work on the Crimean peninsula. First offices will open in the largest cities of Crimea in the first half of 2023, and the first ATMs of the bank have already been installed. By the end of the year, a network of self-service devices will work on the entire peninsula.

Samolet Group of Companies

Developer Samolet Group of Companies and Severstal Metallurgical Company will build the first modern multi-storey building based on a metal frame in Moscow region. Construction of the 17-storey building is scheduled to start in June this year. In the future it is planned to develop serial standardized projects of multi-storey residential buildings on the bea...

T-Technologies

Tinkoff Bank is studying the possibility of launching a leasing business without offices on its basis, several sources in various Russian leasing companies told Frank Media. Alexander Mikhailov, the former general director of LC Evroplan, may head this direction.

Fix Price Group

First two stores of the discounter Fix Price appeared in the capital of Mongolia, Ulan Bator. The outlets are opened under the franchise scheme. Delivery to Fix Price stores in Mongolia will be carried out by a franchise partner by motor transport from RC in Novosibirsk. For Fix Price Mongolia is the eighth country where chain stores operate.

A. O. Smith

The A. O. Smith Board of Directors announced a quarterly dividend of $0.3 per share. The last day to buy securities to receive the dividend is January 27, 2023. The annual dividend yield may reach 1.99%.

Morgan Stanley

Morgan Stanley's GAAP net income for 2022 was $11.029 billion, down 26.6% from $15.034 billion the previous year. Revenue fell 10.2% to $53.668 billion from $59.755 billion a year earlier.

Goldman Sachs

Goldman Sachs' GAAP net income for 2022 was $11.261 billion, down 48% from $21.635 billion the previous year. Revenue fell 20.2% to $47.365 billion from $59.339 billion a year earlier.

MOEX Group (Moscow Exchange)

Russian President Vladimir Putin signed a decree on the special regime of corporate decision-making by large companies. Until December 31, 2023, they will be able not to take into account the votes of co-owners from unfriendly countries who have withdrawn from management. Decree affects companies in the spheres of energy, trade and machine building.