Stock market news

Segezha Group

Segezha Group is considering several offers to sell its European assets, said Segezha President Mikhail Shamolin. He commented that the group's enterprises in the EU now continue to work, but have problems with both obtaining raw materials, and with the sale of products. In parallel with the sale of European assets, the company is considering the creation of...

VK

VK will open its first multifunctional concert space, VK Stadium, in December of this year. It will host concert shows, music events, and events of different formats. The venue will be located in a historic building on Leningradsky Prospect in the place of one of the most popular clubs in Moscow. The space has a capacity of 7 thousand people. VK press servic...

Segezha Group

Segezha Group's net income under IFRS for the first nine months of 2022 was ₽7.024 billion, down 36.9% from ₽11.129 billion in the previous year. Revenue increased 28% to ₽87.379 billion compared to ₽68.28 billion a year earlier. The revenue growth is due to the effect of the consolidation of the assets of NLCK JSC and Inter Forest Rus LLC, which the company...

VK

VK online school Skillbox is buying a 10% stake in Grafika, a network of drawing schools for adults and children. Under the agreement, Grafika and Skillbox will create a joint venture that will "scale Skillbox's offline business": the companies will open more than 70 schools under the Skillbox brand by the end of 2024. The companies have already opened seven...

LUKOIL

The buyer of Lukoil's refinery in Sicily is likely to become the American Crossbridge Energy Partners. The companies are close to conclude a deal, Reuters reports. The deal is estimated at about €1.5 billion. Sources said that negotiations between the companies accelerated amid the news that the Italian government wants to attract the oil and gas group Eni t...

Broadcom

Broadcom's GAAP net income for fiscal year 2022 was $11.495 billion, up 70.7% from $6.736 billion the previous year. Revenue increased 21% to $33.203 billion from $27.45 billion a year earlier.

M.Video

M.Video-Eldorado is merging chains under the new Eldorado + M.Video brand in order to increase their cost-effectiveness. The company is merging loyalty programs, and the stores will also share a common stock of appliances. This decision will allow to close some of the stores at least where the brands are present in one mall, and the company will do this, acc...

Philip Morris International

The Philip Morris International Board of Directors announced a quarterly dividend of $1.27 per share. The last day to buy securities to receive the dividend is December 20, 2022. The annual dividend yield may reach 5.21%.

Territorial Generating Company № 1

TGC-1 plans to commission the first Northwest hydroelectric power plant in decades in the Murmansk Region by the summer of 2026. Last hydroelectric power plant in the North-West of Russia was built in the late 1980s. The new power plant with capacity of 16 MW will be named Arktika and will be the eighth hydropower plant of the Pazskiy cascade, part of which...

Rosseti Kuban

Shareholders of Rosseti Kuban approved dividends for 9 months 2022 in the amount of ₽5.5866 per ordinary share. The last day of purchase of securities to receive dividends is December 14, 2022. Dividend yield may amount to 8.56%.