Stock market news

3M

3M has received applications to exchange 215,199,594 of its securities for Neogen stock as part of a spin-off of its food safety business. 3M stockholders who submitted bids will receive 6.7713 shares of Neogen common stock in exchange for one share of their company's stock. Because more than 15,989,536 shares of 3M common stock were offered, there will be n...

M.Video

Retailer M.Video opened in virtual universe Roblox a show-room of technologies and digital innovations, combined with a gaming space. Project is timed to coincide with the start of the new school year to help students get involved in the educational process after the vacations, as well as in an interactive way to familiarize them with current devices that wi...

Etalon Group

Etalon Group has opened sales of new stage of Novoorlovsky residential complex in Primorsky district of St. Petersburg, near Novoorlovsky Reserve and the river Kamenka. Realized area of the stage is 20.6 thousand sq. m, including 13 thousand sq. m of housing and commercial real estate. Construction is planned to be completed by the end of 2024. Novoorlovsky...

LUKOIL

Lukoil's press service confirmed death of chairman of the company's board of directors Ravil Maganov and specified that he was seriously ill. Maganov died after falling from a window of the Central Clinical Hospital in Moscow. Maganov had held executive positions in Lukoil since the creation of the JSC, for many years headed the block of exploration and prod...

Xiaomi

Xiaomi will likely not buy Beijing Automotive Group's plant and will not operate under the OEM model of production, but will build its own plant, sources told Sina Tech. The company still has time to build a plant to reach its goal of starting mass production of electric cars in 2024. Bloomberg previously reported that the Xiaomi EV project is facing difficu...

Hello Group (Momo)

Hello Group's GAAP net income for 6 months 2022 was CN¥633.13 million, down 31.4% from CN¥922.44 million in the previous year. Revenue declined 12.4% to CN¥6.259 billion from CN¥7.142 billion a year earlier.

United Medical Group

Medical industry is not subject to any sanctions, so even the "heavy" equipment is now possible to buy, despite the fact that delivery time has increased due to the complication and disruption of supply chains, said General Director of the EMC network Andrey Yanovsky in a large interview with newspaper Kommersant. Main question is how to service this equipme...

MOEX Group (Moscow Exchange)

Moscow Exchange on September 12 will resume evening session on the stock market, as well as morning trading on futures and currency markets. On stock market trading will be held from 9:50 to 23:50, and on futures market - from 9:00 to 23:50. Thus, trading will last for 12 hours on the foreign exchange market, 14 hours on stock and bond markets, and 15 hours...

KAMAZ

China's Weichai Power has suspended the supply of gas engines for Kamaz, three sources told Izvestia. According to them, it happened due to the position of the Chinese authorities, who warned the corporation against working with subsanctioned companies from Russia. Weichai engines were installed on K4 generation tractors that run on gas motor fuel. A Kamaz r...

LUKOIL

Head of Board of Directors, First Executive Vice President of Lukoil Ravil Maganov died after falling from a hospital window in Moscow, a source close to the Main Department of the Ministry of Internal Affairs told RBC. According to the source, the incident took place at about 7:30 a.m., the top manager fell out of a window on 6th floor.