Stock market news

Splunk

Cisco is buying Splunk for $28 billion, or $157 per share. The deal is expected to close by the end of Q3 2024.

Far-Eastern Shipping Company

Fesco plans to introduce autonomous ship navigation systems. Company has already agreed on a pilot project with Sitronics Group, under which Fesco will test Sitronics solutions on small-capacity vessels that will be sailing in cabotage in the Far East.

KuibyshevAzot

KuibyshevAzot redeemed 58 mln treasury shares, which accounted for 24.4% of the authorized capital. Now the capital of KuibyshevAzot is divided into 176,582,531 ordinary shares and 3,205,289 preferred shares.

Solidcore Resources

Polymetal is exploring opportunities for expansion into new jurisdictions. Company has conducted a preliminary analysis of other countries, and working groups have been set up for some of them together with representatives of government agencies. It is premature to talk about anything concrete, but we are looking at it seriously, explained Vitaly Nesis, head...

TMK

TMK's main shareholder, OOO TMK Steel Holding, is selling 15 million shares of the company, which corresponds to 1.5% of the authorized capital, as part of the SPO. Price range of the offer will be from ₽205-235 per share. Applications for participation in the SPO will be collected from September 21 to September 28 inclusive. After the SPO is completed, TMK...

FedEx

FedEx's GAAP net income for 3 months of fiscal 2024 was $1.08 billion, up 23.4% from $0.875 billion in the prior year. Revenue declined 6.5% to $21.7 bln vs. $23.2 bln a year earlier.

Cherkizovo Group

Shareholders of Cherkizovo approved dividends for 6 months 2023 in the amount of ₽118.43 per ordinary share. Last day of purchase of securities to receive dividends is September 28, 2023. Dividend yield may amount to 2.81%.

MMC Norilsk Nickel

MMC Norilsk Nickel plans to ship 45 thousand tons of copper to China via the Eastern Transport Corridor during the summer navigation period this year. Previously, the main channel of copper products supply to China was overland shipments from the Bystrinsky Mining and Processing Division in the Zabaikalsky Territory, which produces up to 70 thousand tons of...

Alrosa

Alrosa suspended sales of rough diamonds for two months amid concerns about a decline in demand in international markets. Decision was made after receiving a request from India's Gem and Jewelry Export Promotion Council. Company believes that the suspension of sales will help prevent overstocking, especially as the Diwali festival in India approaches, when m...

Detsky Mir

DMFA JSC consolidated 58.26% of Detsky Mir PJSC shares by transferring 100% of shares to non-public DMK JSC as payment for part of the repurchased shares. Now DMFA intends to make another offer to repurchase the remaining shares of Detsky Mir PJSC. Upon completion of the repurchase, PJSC Detsky Mir may be liquidated, subject to necessary corporate resolution...