Stock market news

Novorossiysk Bakery Products Plant

Novorossiysk Grain products plant's RAS net profit for 9 months of 2022 was ₽0.982 billion, down 2 times from ₽1.999 billion in the previous year. Revenue fell 36.7% to ₽3.241 billion versus ₽5.121 billion a year earlier.

OR Group

Sberbank and VTB have filed applications to intervene in the bankruptcy cases of companies of the Obuv Rossii group. These banks and Promsvyazbank are the largest creditors of the retailer, which has been experiencing financial difficulties throughout 2022. As follows from the files of arbitration cases, all of the group's companies have filed lawsuits again...

Magnitogorsk Iron and Steel Works

MMK sales of finished steel products in 9 months of 2022 decreased by 10.8% to 8.018 mln tonnes. The share of high value added products increased by 2.2 p.p. to 44%. Production of steel and pig iron decreased by 12.2% and 15.2% to 8.859 million tons and 6.649 million tons respectively. Coal concentrate production increased by 3.3% to 2.642 million tonnes, wh...

NovaBev Group

Beluga Group is selling the international rights to the Beluga super-premium vodka brand, while retaining the intellectual rights to the trademark in Russia. The deal will be worth at least $75 million. The company was forced to sell the rights due to problems with exports of vodka products from Russia amid sanctions and other restrictions, which caused many...

Nebius Group

Service "Yandex Delivery" in the end of October will launch delivery of parcels through points of delivery orders "Yandex Market" between different cities of Russia. Now the service, included in the Yandex Go application, is being tested on a limited audience. By the end of 2022 it will be possible to send a parcel to any Yandex Market outlet in more than 40...

Rostelecom

Telecom operator Rostelecom plans to enter the edtech market and is looking at assets in it, Vedomosti's sources told. The online school "Internet-lesson" may become an object for takeover or purchase of a share.

Sistema

Sistema is buying 47.7% of Melon Fashion Group from Swedish companies Eastnine and East Capital Holding, as well as a group of private investors. Deal is worth ₽15.8 billion and will be closed by the end of 2022. Melon Fashion Group is one of the largest clothing retailers in Russia. It owns the brands Zarina, befree, Love Republic and Sela. At the end of 20...

Gazprom

Board of Directors of Gazprom, in connection with the development of the Yamal, Yakutsk and Irkutsk gas production centers and the Power of Siberia pipeline, approved an increase in the investment program for 2022 to ₽1.98 trillion, a 13% increase over the initial program approved in December 2021. Capex was increased by ₽319.12 billion, to ₽1.746 trillion,...

Netflix

Netflix subscribers stood at 223.09 million at the end of the third quarter, up 9.4 percent from 213.56 million a year earlier. Number of subscribers increased by 2.4 million in the third quarter, exceeding the company's forecast and breaking the customer churn that began in the first quarter. Netflix expects 4.5 million more subscribers in the next quarter,...

LUKOIL

Lukoil is exploring the possibility of splitting up its Swiss trading company, creating its unit in Dubai and selling its refinery in Italy, sources told Bloomberg. Dubai becomes the new center for trading Russian crude instead of Switzerland because it did not impose any sanctions against Russia. Litasco is one of the largest oil traders in the world. In 20...