Stock market news

OGK-2

OGK-2 power plants in 9 months of 2022 generated 35.8 billion kWh, which is 4.3% less than 37.4 billion kWh a year earlier. Heat output was 3.473 million Gcal, down 5.9% from the same period last year.

Cherkizovo Group

Cherkizovo's RAS loss for 9 months of 2022 was ₽0.48 billion, versus a profit of ₽13.267 billion in the previous year. Revenue decreased fivefold to ₽3.281 billion versus ₽16.756 billion a year earlier.

Novolipetsk Iron and Steel Works

NLMK Group's steel production for the 9 months of 2022 remained at the level of the previous year, amounting to 12.8 million tonnes. Sales increased by 4% to 12.9 million tonnes due to the sale of inventories accumulated at the end of 2021. Share of semi-finished products in sales reached 41%, up 7 p.p. Finished product sales decreased by 7% to 7.6 million...

VK

Content platform Zen will cease to support the function of broadcasting due to the lack of demand for the format. According to the platform, today more than 100 thousand active authors publish their content on Zen, but less than 1% of them use broadcasts. Live broadcasts will stop working on October 31. Zen team intends to focus on the development of the oth...

Bank of America

Bank of America's GAAP net income for 9 months of 2022 was $20.396 billion, down 18.3% from $24.965 billion in the previous year. Revenue rose 5% to $70.418 billion from $67.053 billion a year earlier.

X5 Group

X5 Group launched delivery via Yandex.Eda service. Currently goods from several "at home" stores "Pyaterochka" and supermarkets "Perekrestok" in Moscow and St. Petersburg are available for ordering. By the end of the year the number of X5 stores available in Yandex.Eda will increase to 2,3 thousand, and the number of cities where the new service operates - t...

VK

VK acquired from Lanit Group 25% of Goodt, which develops solutions for automation of processes in HR under Rostalent brand. Amount of the acquisition was not disclosed. VK and Goodt will integrate their solutions in three stages. In the first, the teams will accelerate the development of Rostalent in order to scale the product in the market. Stage two is to...

X5 Group

X5 Group's net retail revenue for nine months of 2022 was ₽1.897 trillion, up 19% from ₽1.594 trillion in the previous year. The average bill was ₽463.6, up 8.8%. Retail space increased year over year by 6.6% to 8,755,302 square meters. Revenue from digital businesses was ₽48.295 billion, up 52.1% from ₽31.747 billion in the same period last year.

VK

Kismet group of former Megafon CEO Ivan Tavrin entered into an agreement to buy Avito from South African holding company Naspers. Amount of the deal is ₽151 billion. Earlier it was reported that VK is one of the contenders for the purchase of Avito. However, according to The Bell, Mr. Tavrin's holding offered the highest price for the asset.

Forma Therapeutics Holdings

Novo Nordisk bought Forma Therapeutics for $1.1 billion, or $20 a share.