Stock market news

Nebius Group

Head of the Audit Chamber Alexei Kudrin asked Vladimir Putin for permission to move from his position to work at Yandex, and the president gave his consent, sources told Meduza. Previously, Meduza and The Bell sources reported that Alexei Kudrin may join Yandex in fall as part of the Kremlin's agreement to restructure the business of the IT-company. Accordin...

Nebius Group

Yango, international brand of Yandex.Taxi, began operating in the United Arab Emirates in test mode. "Yandex develops world-class technologies and services and is constantly experimenting with them in international markets. Cab testing in Dubai in the pilot mode is not an exception", - Yandex Go press service notes.

Sakhalinenergo

Sakhalinenergo has signed a contract with ODK Aviadvigatel JSC for the supply of two gas turbine units EGES-25PA, 25 MW each for Yuzhno-Sakhalinsk CHPP-1. One of them is to be put into operation in January 2024 and the other one in July 2024. The turbines will replace foreign units, which Sakhalinenergo cannot service due to sanctions - the U.S. and EU custo...

Sberbank

Sberbank will open first office of Islamic finance in Kazan by the end of this year. Office will serve both retail and corporate clients. On bank shelf there will be partnership financing products: analog of asset management mudaraba, halal investment instruments, trade finance, bank guarantee, payment and current accounts, as well as cash and settlement ser...

Rosneft Oil Company

German government is transferring two Rosneft subsidiaries, Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, to the Federal Network Agency for a six-month trust management period. The authorities explained their decision by the need to ensure the operation of the refineries in Schwedt, Karlsruhe and Foburg an der Donau, and the critical service pro...

VEON

VEON's EBITDA for 8 months of 2022 was $2.29bn, up 3.9% from $2.205bn in the previous year. Revenue increased by 3.1% to $5.226bn compared to $5.07bn a year earlier. Also the company announced the purchase of the controlling stake of Kyivstar Helsi, which develops SaaS solutions for medical information systems. Helsi solutions are used by 1,600 healthcare in...

Abbott Laboratories

The Abbott Laboratories Board of Directors announced a quarterly dividend of $0.47 per share. The last day to buy securities to receive the dividend is October 12, 2022. The annual dividend yield may reach 1.62%.

Tesla

A class action lawsuit was filed in federal court in San Francisco against Tesla, demanding compensation for anyone who bought or leased company cars with autopilot, enhanced autopilot or fully autonomous driving functionality after 2016. The plaintiffs believe that Tesla misled the public by claiming that the feature has been developed and will become avail...

STORE Capital Corp.

GIC and Oak Street are buying STORE Capital for $14 billion, or $32.25 per share. Closing of deal is scheduled for the first quarter of 2023.

Federal Grid Company - Rosseti

Shareholders of FGC UES approved company's reorganization through the merger with Rosseti. Conversion ratio for Rosseti's ordinary shares is set at 0.09040/0.60580, and for preferred shares at 0.09040/1.27300. Combined company will be called Federal Grid Company-Rosseti, with abbreviated name Rosseti.