Stock market news

Nebius Group

IT company Yandex has merged the Yandex Market, Yandex Food, Yandex Lavka and Market Delivery services into a new e-commerce business unit. Roman Maresov, who was previously responsible for Yandex Food and Deliveri, became the head of the new division. Combined team will continue to improve unit-economics of services and strengthen their integration. End-to-...

Mosenergo

Mosenergo increased its stake in the authorized capital of Gazprom Energoholding Industrial Assets by making an additional contribution with a nominal value of ₽7.5 billion. As a result, Mosenergo's stake in the engineering company increased from 39.95% to 46.96%.

Positive Technologies Group

Positive Technologies has agreed to partner with eight cybersecurity service and solution providers in the Middle East to develop cooperation in the region to promote state-of-the-art products as well as to share IS expertise. Market for security service providers in the region is growing at an average annual rate of 9.5%, driven in part by regulatory requir...

Whoosh

Whoosh has developed its own batteries for electric scooters with improved performance and is testing them. Proprietary electric batteries have nearly twice the capacity of current batteries, charge twice as fast as their counterparts, and have interfaces for remote data collection. Their introduction will have a positive impact on both operational performan...

Rostovoblgaz

Gazprom Gazoraspredelenie Rostov-on-Don's RAS loss for 9 months of 2023 amounted to ₽42.77 million, against a profit of ₽237.35 million in the previous year. Revenue rose 8.8% to ₽7.029 billion against ₽6.46 billion a year earlier.

M.Video

M.Video-Eldorado's total sales for 9 months of 2023 decreased by 0.9% to ₽359.3 bln. Online sales grew by 5% to ₽253.5 bln. Share of online sales in GMV increased by 3.9 p.p. to 70.5%. Sales on the company's own marketplace grew 2.5 times year-on-year in Q3 as the number of sellers more than doubled and the company's available assortment doubled to around 15...

Astrakhan Power Sale Company

Astrakhan Power Supply Company's RAS net profit for 9 months of 2023 amounted to ₽81.609 million, up 1.8% from ₽80.129 million in the previous year. Revenue rose 17.7% to ₽10.565 billion against ₽8.975 billion a year earlier.

Novartis

Novartis' IFRS net income for 9 months of 2023 amounted to $6.374 billion, up 16.1% from $5.489 billion in the previous year. Revenue increased by 7.5% to $34.017 bln vs. $31.63 bln a year earlier.

RUSAL

Rusal buys 30% of Chinese metallurgical company Hebei Wenfeng New Materials for CN¥1.911 billion or $267 million. HWNM owns an alumina refinery in China's Hebei province with a capacity of 4.8 million tons of raw material. Upon completion of the transaction, the companies will receive alumina produced in proportion to their stakes.

Sollers

Sollers' RAS loss for 9 months of 2023 amounted to ₽206.32 million, down 2.4 times from ₽499.83 million in the previous year. Revenue increased 6.6 times to ₽212.67 million against ₽32.15 million a year earlier.