Stock market news

Gazprom

Gazprom Holding will be a partner of United Shipbuilding Corporation in a project to build Aurus-branded marine vessels. Partners plan to develop an outline design of a premium-class vessel with a length of 20-40 meters by the end of 2023. Preliminary design is planned to be realized by the end of 2024 at the latest. Organization of serial production and sal...

Severstal

Severstal is not considering buying back shares from non-residents, said Nikita Klimantov, head of the company's investor relations department. "Firstly, it is technically impossible, given our status as a sanctioned company. And secondly, there is no desire to do so. Having bought back these shares, what will we do with them later? Will they be treasury sha...

MMC Norilsk Nickel

MMC Norilsk Nickel is not yet generating free cash flow on a stable enough basis to resume dividend payments, but does not rule it out in the future, said Mikhail Borovikov, head of investor relations. Repurchase of shares from non-residents is also not considered by the company, as it requires diversion of significant funds. However, Nornickel is seriously...

Severstal

Severstal plans to return to steel output of 11.5 million tons by the end of 2023. In 2022, 10.69 million tons of steel were produced, down 8.2% from 11.65 million tons in 2021. In the first half of 2023, steel production increased 6% and sales increased 9%.

VK

VK launched digital video advertising in SDEK order delivery points. Local targeted advertising allows for spot placement of clips within a radius of 2-3 km. Digital media content system of SDEK operates in 83 regions of Russia and on average covers more than 12 million people in 350 cities. Launch video ads without sound in parcel delivery zones via the myT...

Verizon Communications

The Verizon Communications Board of Directors announced a quarterly dividend of $0.665 per share. The last day to buy securities to receive the dividend is October 6, 2023. The annual dividend yield may reach 7%.

RUSAL

SUAL Partners demands that Moscow Exchange check Rusal's listing and compliance with its dividend policy, according to a letter from the company's CEO Oleg Fomichev. An issuer whose shares are included in the first level of listing must have a dividend policy approved by the board of directors. This requirement also implies the obligation to ensure actual co...

Artgen

Companies of Artgen Biotech Group are considering entering the markets of a number of friendly countries, Artgen Biotech Chairman of the Board of Directors Artur Isayev said. First to enter foreign markets is likely to be Genetico, which is currently negotiating with potential partners in Kazakhstan and the United Arab Emirates.

Sistema

Authorities of Mordovia are planning to create the republic's first special economic zone on the territory of the largest lighting enterprise in the USSR - Svetotekhnika plant. Main investor will be AFK Sistema, said the head of Mordovia Artem Zdunov during a meeting with Vladimir Putin. "I think it will significantly renew the industrial potential as well....

Sollers

At the industrial site of the Ulyanovsk Automobile Plant began production of compact light-duty trucks Sollers Argo. Full-cycle production includes welding, cabin painting and assembly. Level of production localization will reach at least 60% in 2024. Earlier this year, Sollers started assembling this model at the production site. Planned capacity is designe...