Stock market news

VTB Bank

VTB plans to increase its office network by 40% over the next three years and to enter new territories for the bank, said Georgy Gorshkov, Deputy Chairman of the Bank's Management Board. VTB also plans to expand its courier staff by 1.5 times next year to make banking services more accessible to retail customers. Bank's goal is to double the coverage of phys...

Headhunter

ICJSC Headhunter received bids for exchange of 73.3% of HeadHunter plc receipts for shares in the ratio of 1:1. Holders of 1.3% of HeadHunter securities submitted bids to buy back the receipts.

Ozon Holdings

Online retailer Ozon has brought to full design capacity a new logistics center in Zhukovsky near Moscow. High-tech complex with an area of more than 79 thousand square meters handles 650 thousand orders per day. Hub carries out a full cycle of order processing: from receiving goods to the formation of parcels and their further distribution to sorting center...

Electrozinc

Moscow Exchange has set the limitation of settlement codes when making deals in shares of Elektrozinc. Last trading day of the paper will be December 20, 2023. Earlier shareholders of Elektrotsink decided to voluntarily liquidate the company.

SFI

SFI is considering various options regarding the reduction of the quasi-treasury stake. The priority is to redeem it. Two other options are to sell it to the market or pay to buy some asset. Size of the quasi-treasury stake is more than 57%. It is almost impossible to sell such volume to the market. It is also impossible to redeem it at one time, because of...

UTair Aviation

UTair and Irkutsk Oil Company signed agreements on charter and scheduled transportation on the Irkutsk-Ust-Kut-Irkutsk route. During the period of cooperation UTair will carry more than 75,000 employees of Irkutsk Oil Company and residents of the region. Airline has also signed a cooperation agreement with the Irkutsk regional government, which provides for...

Nizhnekamskneftekhim

Nizhnekamskneftekhim started modernization of the mechanical plant producing components for the enterprise's process equipment. Plant is equipped with 970 machine tools. Most of the old-style machine tools will be dismantled. They will be replaced by 214 machines and benches of the latest generation with a high degree of automation. Investment will amount to...

Phosagro

Fertilizer producer Phosagro will sell seeds. Company aims to offer farmers a comprehensive solution: seeds, mineral nutrition systems for a specific crop type, preparations for plant protection against weeds and diseases, as well as a range of services: from agrochemical soil survey to digital agro-support and leaf diagnostics for correcting the course of v...

Sberbank

Sberbank intends to increase fee and commission income by 10% next year. Net interest margin is expected to be 5.7%. Ratio of operating expenses to income is 30-32%. Cost of risk - 100-110 basis points.

MOEX Group (Moscow Exchange)

Moscow Exchange floated a new issue of digital financial assets, the issuer of which was Rostelecom. Earlier, the trading platform conducted pilot issues of DFA organized by Gazprombank. New strategy for the development of Moscow Exchange until 2028 envisages special attention to the attraction of financing by companies in the capital markets through DFA, in...