Stock market news

Gazprom

Gazprom started gas production at the Kovykta field in Irkutsk Region and operation of the Kovykta-Chayanda section of the Power of Siberia gas pipeline. Field is the largest one in the East of Russia and is unique. The recoverable gas reserves amount to 1.8 trillion cubic meters, gas condensate - 65.7 million tons.

Lenta

Lenta chain has completed the integration of the online retailer Utkonos. Company bought Utkonos in February of this year from its shareholder - Severgroup Alexey Mordashov. Deal amounted to ₽20 billion. Merger of Lenta Online and Utkonos will create one business with two brands, each covering its own market segment and certain customer missions, increase it...

NanduQ (QIWI)

Qiwi transferred its subsidiaries Flocktory and IntellectMoney to a Russian legal entity - JSC Kiwi. This step is related to the internal restructuring of the group, is formal in nature and does not affect the work of subsidiaries, the press service of Qiwi explained, without specifying the purpose of the restructuring.

Nike

Nike's GAAP net income for 6 months of fiscal 2023 was $2.799 billion, down 12.8% from $3.211 billion in the previous year. Revenue increased 10.2% to $26.002 billion from $23.605 billion a year earlier.

MMC Norilsk Nickel

MMC Nornickel is considering cutting nickel production by about 10% in 2023, sources told Bloomberg. According to them, the company has notified some customers of its plans. A 10% reduction in output would take the company closer to its 2021 production levels, the agency said. Nornickel's press office declined to comment.

FedEx

FedEx's GAAP net income for 6 months of fiscal year 2023 was $1.663 billion, down 22.9% from $2.156 billion in the previous year. Revenue increased 1.3% to $46.056 billion from $45.477 billion a year earlier.

Gazprom

Gazprom's Board of Directors approved the investment program and budget for 2023. Investment program's funding will amount to a record ₽2.3 trillion. Previous highs were in the revised 2018 version - ₽1.496 trillion. Priority projects of investment program include the development of Yamal, Yakutsk and Irkutsk gas production centers as well as the Power of Si...

Worthington Industries

Worthington Industries' GAAP net income for 6 months of fiscal year 2023 was $84.75 million, down three times from $254.66 million in the previous year. Revenue increased 10.2% to $2.584 billion from $2.344 billion a year earlier.

Worthington Industries

The Worthington Industries Board of Directors announced a quarterly dividend of $0.31 per share. The last day to buy securities to receive the dividend is March 13, 2023. The annual dividend yield may reach 2.45%.

Gazprom

An explosion occurred at a section of the Urengoy - Pomary - Uzhgorod gas pipeline in Chuvashia during scheduled repairs. The resulting fire was extinguished. Three people died as a result of the accident and one more was injured. Gas transportation to consumers is ensured in full through parallel gas pipelines, according to the press service of Gazprom Tran...