Stock market news

Morgan Stanley

Morgan Stanley Board of Directors announced a quarterly dividend of $0.85 per share. The last day to buy securities to receive the dividend is October 27, 2023. The annual dividend yield may reach 3.64%.

Morgan Stanley

Morgan Stanley's GAAP net income for 9 months of 2023 totaled $7.689 billion, down 13.7% from $8.913 billion in the prior year. Revenue increased 0.8% to $41.247 billion from $40.919 billion a year earlier.

Abbott Laboratories

Abbott Laboratories' GAAP net income for 9 months of 2023 was $4.129 billion, down 30% from $5.9 billion in the prior year. Revenue declined 11% to $29.868 bln vs. $33.562 bln a year earlier.

Procter & Gamble

Procter & Gamble's GAAP net income for 3 months of fiscal 2024 was $4.556 billion, up 15% from $3.963 billion in the prior year. Revenue increased 6.1% to $21.871 billion compared to $20.612 billion a year earlier.

Sistema

Sitronics Group has completed assembly and testing of the first pre-production model of a slow charging station for electric vehicles. In the 1st quarter of 2024, the company plans to introduce a line of charging stations of its own production, which will include two types of stations - slow and fast - with a capacity from 22 to 150 kW.

Severstal

Severstal will build on the territory of Cherepovets Iron and Steel Works a complex for the production of iron ore pellets with a capacity of 10 million tons per year. Investment in the project will amount to about ₽97 billion. Launch of the complex is scheduled for 2026.

Gazprom

Gazprom's pipeline supplies to China in the very near future may reach the level of supply volumes that exports to Western Europe have, the holding's head Alexei Miller said. In 2022, Gazprom exported about 85 billion cubic meters of gas to Europe, while supplies to China through the Power of Siberia pipeline amounted to 15.5 billion cubic meters. Alexey Mil...

Genetico

Genetico opened a medical genetics center on the territory of the Technopark of the Moscow Center for Innovative Technologies in Healthcare - Medtech Moscow. Doctors of the center specialize in different areas of medical genetics: reproductive genetics, oncogenetics, cardiogenetics, ophthalmogenetics, genetics of neuromuscular diseases. Center can serve up t...

Transneft

Transneft's RAS net profit for 9 months of 2023 amounted to ₽190.55 billion, up 4.2 times from ₽45.29 billion in the previous year. Revenue rose 7.2% to ₽884.03 billion against ₽824.63 billion a year earlier.

Magnitogorsk Iron and Steel Works

MMK's sales of marketable steel products for 9 months of 2023 increased by 10.9% to 8.893 million tons. Share of high value-added products decreased by 0.8 p.p. to 43.2%. Steel production increased by 11.4% to 9.869 million tons and pig iron production by 13.2% to 7.526 million tons. Coal concentrate production rose 1.1% to 2.671 million tons, while iron ore...