Stock market news

Credit Bank of Moscow

Board of Directors of Moscow Credit Bank has recommended shareholders not to pay dividends for 2021, Interfax writes with reference to materials for the meeting. According to the bank's dividend policy, which was adopted by shareholders at the beginning of 2021, dividends should have been at least 25% of IFRS net profit, starting with payments for 2021. The...

Lenta

Lenta chain opened the first test center in St. Petersburg, where visitors will test and taste the retailer's own brands. They will be evaluating the quality of products, as well as packaging and design. The best products will be on the shelves of the retail chain. The company plans to conduct about 30 trials a month. For participation in tastings and interv...

Tesla

Tesla is exploring the possibility of building a lithium hydroxide processing plant on the Gulf Coast in Texas. The facility will process the ore material into a state suitable for battery production and then send the lithium hydroxide to various Tesla battery plants. If the project is approved, construction could begin as early as late 2022. Commercial oper...

Tesla

Sales of Tesla Model Y in China in August totaled 31,112 units, up 2.7 times from 11,576 units a year earlier. Thus, the car was the best-selling premium SUV in China at more than CN¥300,000, according to the CPCA ranking. The Tesla Model Y also ranked No. 1 in sales first of the year. In January-August, 172,418 vehicles were sold, up 2.9 times from 59,900 a...

Nebius Group

Delivery Club has been taken over by Yandex as part of an asset swap deal with VK, according to the Unified State Register of Legal Entities. "We are in the process of preparing documents and the technical part to fully close all parts of this deal. This will take some time. As soon as the deal is closed, we will definitely tell you about it," Yandex's press...

Nebius Group

IT company Yandex added text recognition to the smart camera. Users can point the camera at any printed text and copy the desired phrase in one click. The camera recognizes printed text in 47 languages. Text can be saved, sent in a messenger or in a Yandex search.

Nebius Group

IT-company Yandex is preparing to release a gateway for smart home devices that supports the protocol of local wireless communication Zigbee, Kommersant found out. It should become an alternative to cloud services for the smart home, support for which has ceased foreign vendors. Yandex Station of second generation is already able to work as a Zigbee-gateway....

Applied Materials

The Applied Materials Board of Directors announced a quarterly dividend of $0.26 per share. The last day to buy securities to receive the dividend is November 23, 2022. The annual dividend yield may reach 0.96%.

Alrosa

Alrosa will start selling investment diamonds and "diamond baskets" without VAT on October 1, and they will be available for purchase through partner banks. At the same time, Alrosa is negotiating with its partners on the possibility of creating closed mutual investment funds for diamonds, as well as discussing with the Bank of Russia the creating digital fi...

VK

Social network VKontakte presented a new design of communities, an improved system of recommendations and new tools for content monetization. Communities with different directions will be able to put different types of content on the showcase. For example, a music group - tracks, an artist - photos, a video blogger - videos. Updated recommendation system wil...