Stock market news

Magnitogorsk Iron and Steel Works

MMK's sales of marketable steel products for 9 months of 2024 decreased by 7.1% to 8.259 million tons. Share of high value-added products increased by 0.8 p.p. to 44%. Steel output fell by 10.6% to 8.826 million tons. Pig iron smelting decreased by 2.2% to 7.361 million tons. Coal concentrate production fell 30% to 1.864 million tons, while iron ore output f...

Yandex

IT company Yandex has launched delivery of goods using unmanned trucks. At first, they will deliver Yandex.Market orders from Moscow to Tula along the M-4 Don highway during the daytime, but it is planned to launch night flights in both directions by the end of the year.

UTair Aviation

UTair Aviation for 9 months of 2024 carried 4.873 million passengers, which is 5.1% more than a year earlier. Cargo transported by aircraft increased by 7.7% to 11.14 thousand tons. Mail transportation increased 2.5 times, to 2.37 thousand tons. Operational flight hours amounted to 121,629 hours. Helicopter passenger traffic increased by 6.3% to 506,717 pass...

Sberbank

Sberbank has closed a deal to buy educational platforms Netology and Foxford, sources told Kommersant. According to them, the deal amounted to about ₽4-6 billion.

Ozon Pharmaceuticals

Ozone Pharmaceuticals has set the IPO offering price at ₽35 per share, which corresponds to the top end of its price range and a capitalization of ₽38.5 billion. Total IPO size was ₽3.45 billion. Raised funds will be for the expansion of its generic and biosimilars product line and the launch of new manufacturing facilities. Trading of the shares will begin...

T-Bank

T-Bank announced the launch of a new open source project - a library of tools for developing AI applications. With its help, startups and large businesses that do not specialize in AI will be able to take advantage of T-lite Bank's large language model for free and use ready-made tools to create LLM products based on it.

MOEX Group (Moscow Exchange)

Moscow Exchange's marketplace, the Finuservices platform, has launched a new service in its mobile application for private investors. It is now possible to fund a brokerage account and trade exchange instruments there. Pilot project is being implemented jointly with Finam broker. In future, the list of partners will be expanded.

Ozon Holdings

Marketplace Ozon launched its first sorting center in Tashkent and opened sales from Uzbekistan to Russia. Registration on the platform has already been completed by more than a thousand local entrepreneurs. As the business develops, Ozon plans to open 3 more sorting centers in Fergana, Termez and Bukhara.

SFI

SFI's RAS net profit for 9 months of 2024 amounted to ₽17.68 billion, up 3 times from ₽5.92 billion in the previous year. Revenue grew 5-fold to ₽26.18 billion against ₽5.08 billion a year earlier.

OGK-2

OGK-2's power plants for 9 months of 2024 generated 42.4 billion kW⋅h, which is 10.1% higher than a year earlier. Change in production volumes was due to increased demand for generating equipment. Heat supply amounted to 3.694 million Gcal, having increased by 5%. Main reason for the increase was the growth of heat consumption from Kirishskaya GRES and Surgu...