Stock market news

Goldman Sachs

Goldman Sachs may lay off more than 3,000 employees this week, which will be the largest layoff in the history of the Wall Street giant, writes Reuters. The layoffs will affect all of the bank's divisions, but the investment banking division and the loss-making consumer lending business could be hit hardest.

VTB Bank

Analysts at Alfa Bank forecast a loss of more than ₽500 billion for VTB in 2022. Among the main negative factors that led to the negative financial result are assets blocked because of sanctions. The amount of losses could also be affected by additional provisioning, a reduction in interest income and other factors.

Russneft Oil Company

According to the results of 2022 "RussNeft" has increased oil production by approximately 3,4% up to 6,91 million tons and natural gas - by 5,4%, up to 295 million cubic meters, follows the report in the corporate newspaper of the company. At that, 3.8 million tons or 55% out of total 6.91 million tons of oil produced were obtained due to development of hard...

LUKOIL

Lukoil made an offer to buy 15.4 billion shares of EL5-Energo (formerly Enel Russia) from minority shareholders at a price of ₽0.48 per share. The date of submission of the corresponding "mandatory offer" was provided by the company to the Bank of Russia on December 15.

Sistema

Sistema's subsidiary Kamchatka Project Management Company acquired LLC Loyd-Fish, which specializes in red fish production and processing. Loyd-Fish LLC is part of the Voskhod integrated fishery holding controlled by the corporation, with its own production and processing of 30-45 thousand tons of Pacific salmon per year.

AstraZeneca

AstraZeneca has entered into a definitive agreement to acquire CinCor Pharma, an American biopharmaceutical company at the clinical stage of development. CinCor Pharma is developing new treatments for resistant and uncontrolled hypertension, as well as chronic kidney disease. The deal will amount to $1.8 billion.

Rosseti

In 2022, Rosseti Group companies installed 74 stations for charging electric vehicles in five regions of Russia: 64 electric charging stations in Moscow and the Moscow region, 10 in the Voronezh, Tula and Lipetsk regions. The company also connected 137 gas stations at the request of consumers with a total capacity of 20.55 MW. The total investments of the ZE...

Rosneft Oil Company

"Rosneft wants to supply gas from its fields in Krasnoyarsk Territory and Irkutsk Region to Gazprom's Power of Siberia-2 projected export pipeline. Kommersant's sources learned that the company asked Rosneft to take Rosneft's volumes into account when designing the gas pipeline. The company has reserves of 1.5 trillion cubic meters of gas in the fields along...

Apple

Apple may introduce a virtual and mixed reality headset in the spring, according to Bloomberg sources. In August last year, Apple, through a third-party company, filed applications for registration of three trademarks Reality Pro, Reality One and Reality Processor. Perhaps one of them — Reality Pro — will become the name of a new Apple product.

Rosbank

Rosbank bought the microcredit company Polza-Finance. This is the fourth systemically important bank in Russia that has entered the microloan market. Alfa-Bank, Sovcombank and TCS Group Holding are already developing similar lines of business.