Stock market news

VTB Bank

VTB intends to actively participate in the consolidation of the banking sector, said Alexander Voronov, deputy head of the Department of Strategy and Corporate Development - Vice President of the bank. "The time of any crisis is the time of strong banks, strong players can strengthen their positions through consolidation with other players in the market. We...

Verizon Communications

Verizon's GAAP net income for 9 months of 2022 was $15.05 billion, down 15.8% from $17.881 billion in the previous year. Revenue increased 2% to $101.584 billion from $99.546 billion a year earlier.

Uralskaya Kuznitsa

Ural Forge's RAS net profit for the 9 months of 2022 was ₽4.135 billion, up 4.3 times from ₽0.954 billion in the previous year. Revenue rose 62.9% to ₽16.333 billion compared to ₽10.024 billion a year earlier.

American Express

American Express' GAAP net income for 9 months of 2022 was $5.942 billion, down 6.3% from $6.341 billion in the previous year. Revenue increased 28% to $38.686 billion from $30.235 billion a year earlier.

Coca-Cola

The Coca-Cola Board of Directors announced a quarterly dividend of $0.44 per share. The last day to buy securities to receive the dividend is November 29, 2022. The annual dividend yield may reach 2.99%.

Nokia

The Nokia Board of Directors announced a quarterly dividend of $0.0204 per share. The last day to buy securities to receive the dividend is October 21, 2022. The annual dividend yield may reach 0.86%.

MOEX Group (Moscow Exchange)

Moscow Exchange has launched the fastest protocols for accessing and distributing information on the stock and currency markets. The new services are a proprietary development of the trading floor and are designed for banks, brokers, algorithmic and high-frequency traders who place their equipment in the exchange's data center. They are an optimal technologi...

Nebius Group

SME Corporation has launched a service on its digital platform that will help launch advertising of their business through Yandex Business. Service will allow entrepreneurs to run an advertisement for their business in a couple of clicks. To run an advertisement, simply upload a photo, add a website and address in the personal cabinet of the platform, after...

Noventiq

IT-solutions provider Softline has rebranded after announcing the completion of the sale of its Russian business. The company will now have the name NOVENTIQ, which consists of: NOV from Latin novus(new) means innovation; EN — entrepreneurial, entrepreneurial spirit; T — technology; IQ — intelligence and quality. And the new slogan of NOVENTIQ: "Global exper...

Twitter

Elon Musk told potential investors that he plans to cut nearly 75% of Twitter employees if he buys the company. It is a question of reducing the staff from the current 7,500 people to just over 2,000 employees. Even if Musk's deal with Twitter fails, the company still expects big cuts: Twitter's current management planned to cut labor costs by $800 million b...