Stock market news

TMK

Pipe Metallurgical Company's IFRS net income for six months of 2022 was ₽20.412 billion, against a loss of ₽2.882 billion in the previous year. Revenue increased 72.6% to ₽300.84 billion compared to ₽174.28 billion a year earlier.

Xiaomi

Xiaomi is in talks with local automaker BAIC about a partnership to produce electric cars, sources told Bloomberg. Company is also exploring other options, including buying a stake in Beijing's Hyundai No. 2 plant, which has a full license to produce cars in China. They said Xiaomi is considering a manufacturing partnership because it faces delays in getting...

Segezha Group

Segezha's IFRS net income for 6 months of 2022 was ₽12 billion, up 58.3% from ₽7.582 billion in the previous year. Revenue increased 48.4% to ₽63.327 billion compared to ₽42.671 billion a year earlier.

Mobile TeleSystems

MTS AI Artificial Intelligence Center, MTS AI, is considering an IPO on the Moscow Exchange, its head Alexander Khanin told RBC in an interview. IPO may take place presumably in first half of 2025. MTS AI is now 100% owned by MTS. But by the end of September about 10% of company should receive Khanin and Ivan Laptev, from whom MTS buys the developer of facia...

Meta (Facebook)

Meta will unveil a new virtual reality headset in October, CEO and founder Mark Zuckerber said. New headset will be equipped with the most advanced eye and face tracking features, which will allow the device to understand when people are smiling or frowning, their digital avatars will do the same in virtual reality.

Micro Focus International

Open Text is buying Micro Focus International for $6 billion, or 532 pence per share. Closing of deal is scheduled in first quarter of 2023.

M.Video

M.Video-Eldorado Group increased the share of direct imports to 5% of sales in July, and already in August the figure increased twice more and amounted to 10%. Direct imports allow to replace the sales of brands that left the Russian market. The company will continue to develop this direction and expects to improve its economy due to the growth of volumes an...

General Dynamics

General Dynamics has received an order from the U.S. Army to deliver 250 Abrams M1A2 SEPv3 tanks to Poland. The M1A2 SEPv3 features technological advances in communications, fire control and lethality, reliability and fuel efficiency, as well as improved armor. In addition, the tank is designed so that it can be easily upgraded in the future.

Tufin Software Technologies

Turn/River Capital bought Tufin Software Technologies for $570 million, or $13 per share.

Sberbank

Sberbank has launched the Edutoria educational marketplace. Site is a kind of aggregator of educational courses from various online schools. Edutoria provides course authors with a free curriculum builder, and purchase analytics are available in the personal account. In addition, the marketplace provides authors with marketing promotion and increased brand a...