Stock market news

MOEX Group (Moscow Exchange)

Russian authorities allow dividends to be paid by Russian subsidiaries of foreign companies if the relevant agencies see that they continue to work and invest in full, and the amount of payments is consistent with the traditional, said the deputy head of the Ministry of Finance of Russia Alexei Moiseyev. If the relevant authority confirms that the company is...

Samolet Group of Companies

Developer Samolet plans to start building a new resort city in the Krasnodar region in 2024, where the group has already gathered a land bank of about 3 thousand hectares. City could be designed for 500 thousand - 1 million people. It is planned to develop the concept and the master plan during 2023.

Nebius Group

IT company Yandex launched Bookmate e-book service for Yandex.Plus users. Company obtained the rights to the Bookmate brand in the CIS in August of this year and now the service in Russia is available only to subscribers of Yandex Plus. Current Bookmate subscribers will have access to Yandex subscription until the end of their subscription. You can get acces...

Samolet Group of Companies

Developer Samolet plans to pay shareholders ₽10 billion in dividends in 2023, said the company's deputy general director for economics and finance Natalia Groznova. She reminded that the minimum dividend payout is ₽5 billion. Moreover, Samolet planned to pay such an amount in December this year based on the results of 9 months, but postponed the payment to 2...

Samolet Group of Companies

Developer Samolet, according to preliminary data, will increase revenue in 2022 compared to last year by 40% to ₽189 billion. Company's EBITDA according to management accounts will almost double, reaching ₽48 billion. In 2023, company intends to increase revenue by 85% to ₽350 billion, EBITDA should almost double, reaching ₽90 billion.

Sollers

Sollers Group plans to resume production of eight-cylinder ZMZ engines in the first half of 2023. Gasoline and bi-fuel engines of the ZMZ 523 and 524 series were produced at the Zavolzhsky Engine Plant until 2021 and were used in many well-known models of commercial vehicles and buses. Currently, there is a renewed demand in the market for the V8 engine line...

L3Harris Technologies

L3Harris is buying Aerojet Rocketdyne for $4.7 billion, or $58 per share. Closing of deal is scheduled by the end of 2023.

Sberbank

Service for cooking and delivery of food Kitchen on Raion launched its first offline project Kholodos - a network of vending machines with ready-made homemade food prepared by the company. Currently, company has installed ten vending machines in the offices of major Moscow companies. Assortment now includes 140 items, the number of which will grow next year.

Aerojet Rocketdyne Holdings

L3Harris is buying Aerojet Rocketdyne for $4.7 billion, or $58 per share. Closing of deal is scheduled by the end of 2023.

Magnit

Chain stores drogerie Magnit Cosmetic launched sales on Wildberries. The online site will feature more than 6,000 products from Magnit Cosmetics. These include exclusive Magnit brands, including popular items of Stellary and Beauty Bomb decorative cosmetics, Kasper and NaNi children's products, eco-friendly Gardenica household chemicals and others. Wildberri...