Stock market news

Federal Grid Company - Rosseti

After merger with Rosseti, FGC may issue additional shares to finance the investment program, Andrey Ryumin, general director of Rosseti and, in the future, the merged company, told Interfax in an interview. Investment program is very large, especially if we are talking about projects of state significance, so we are asking to consider additional capitalizat...

Nebius Group

Yandex IT company completed an asset swap with VK. Yandex received the food delivery service Delivery Club in exchange for the blog platform Yandex.Zen and the service Yandex.News. All changes in Yandex services related to the transfer of VK assets will appear to users gradually, starting today.

JPMorgan Chase & Co

JPMorgan is acquiring fintech Renovite Technologies to accelerate the rollout of new retail payment offerings. Founded in 2015 and headquartered in Fremont, California, Renovite has developed six proprietary merchant acquiring payment solutions. The company has partnered with J.P. Morgan since 2021 and already has a presence in India and the U.K.

VK

VK completed an asset swap with Yandex. Company received Yandex.Dzen blog platform and Yandex.News service in exchange for Delivery Club food delivery service. Yandex's Zen and News platforms will retain their familiar user interfaces and will be available at dzen.ru, where Yandex's search bar and weather will also be present. Working on them will be continu...

Nebius Group

IT-company Yandex began selling smart speakers with the voice assistant Alice and other devices for the smart home in Azerbaijan. It also launched a local support service and service warranty center in the country.

Colgate-Palmolive

Colgate-Palmolive Board of Directors announced a quarterly dividend of $0.47 per share. last day to buy securities to receive the dividend is October 19, 2022. Annual dividend yield may reach 2.34%.

Ozon Holdings

Ozon has agreed with New Technological Company to lease 80 thousand square meters in Zhukovsky near Moscow, which were built under the Polish retailer LPP that left the Russian market, sources on the real estate market told Kommersant. Ozon will have to pay about ₽500 mln per year for the new facility. But experts admit that the company may have received a d...

Petropavlovsk

UMMС-Invest has closed the deal on the purchase of Petropavlovsk assets. Gold miner received £166 million, as well as funds for settlements with holders of the company's Eurobonds in amount of approximately $201 million.

AbbVie

AbbVie's Board of Directors announced a quarterly dividend of $1.41 per share. last day to buy securities to receive the dividend is October 12, 2022. Annual dividend yield may reach 3.78%.

Amazon.com

Amazon is buying Belgium-based Cloostermans, which since 2019 has been supplying the online retailer with robotic solutions for moving and stacking heavy pallets and goods in warehouses, as well as for order picking. Cloostermans will become part of Amazon Robotics, a division specializing in warehouse automation. Terms of the deal were not disclosed.