Stock market news

Twitter

Elon Musk stated that he needed the purchase of Twitter to "accelerate the creation of X, the app for everything." He did not provide more details. Perhaps Musk is alluding to the so-called "super apps" that are popular in China and other parts of Asia, the first being WeChat by Chinese tech giant Tencent. Such an app is usually a one-stop store for all your...

Magnit

Retailer Magnit opened a coffee roasting and packaging shop on the basis of its own enterprise in Tver. With the launch of the new production facility, the company plans to cover up to 26% of its chain's needs for these products and annually produce more than 800 tons of coffee in different price categories. Due to their own facilities, logistics and retail,...

Solidcore Resources

Polymetal shareholders opposed the sale of company's assets in Russia to an outside buyer, as the price will be very low now. Now the company will take steps to separate assets in and outside Russia to create two listed companies, Polymetal CEO Vitaly Nesis said. According to him, re-registering the company from Jersey to a more Russian-friendly jurisdiction...

SPB Exchange

Trading volume of foreign stocks on SPB Exchange in September 2022 amounted to $5.85 billion, down 78.16% from $26.79 billion a year earlier and 36.11% from August this year. The number of active accounts fell by 3.44% to 352,82 thousand. The volume of trading in Hong Kong securities also declined, amounting to HK$0.39 billion, down 15.89% from August. Numbe...

Twitter

Twitter has accepted an offer from Elon Musk to renew its deal to buy the social network at an initial price of $44 billion, or $54.2 per share. The parties plan to close the deal within weeks.

Twitter

Elon Musk offered Twitter a renewed deal to buy the company for $44 billion, or $54.2 per share. Twitter agreed with Musk to buy the company in April, but the businessman backed out of the deal in May, which led to a lawsuit between the company and the billionaire.

International Distributions Services

Royal Mail has changed its name to International Distributions Services to more clearly reflect the group's structure of two separate companies, Royal Mail and GLS. The group also intends to make a clearer financial separation of these businesses. Share ticker has changed from RMG.L to IDS.L.

MOEX Group (Moscow Exchange)

Total trading volume in markets of Moscow Exchange in September 2022 amounted to ₽74.3 trillion, down 16.7% from ₽89.2 trillion a year earlier. Trading volume in the stock market declined 1.7 times to ₽2.506 trillion. in the futures market, 2.7 times, to ₽4.7 trillion. trading volume in the foreign exchange market declined 23%, to ₽19.5 trillion. Volume of t...

Mobile TeleSystems

MTS released for sale the first in Russia 5G Development Kit, which will help developers and researchers to create various devices for working in the fifth generation networks. The 5G Development Kit is designed for testing device prototypes and practicing user scenarios in such areas as telemetry collection and analysis systems, smart city and smart home ec...

Caterpillar

Caterpillar has developed four prototypes of battery-powered electric machines. On display at Bauma 2022 in Munich will be a 301.9 mini excavator, a 320 excavator and a 950 GC loader of medium lift capacity, and a 906 compact wheel loader. Machines are powered by Caterpillar prototype batteries and feature a built-in AC charger. Expectedly, that first mass-p...