Stock market news

LUKOIL

Lukoil has asked the Russian authorities to allow it to buy back up to 25% of its shares from foreign investors at a discount of at least 50%, said the sources of Interfax. Lukoil's authorized capital consists of 692,865,762 shares. Thus, the company can buy back up to 173 million shares. Market price of such a stake is almost ₽1.1 trillion. However, Lukoil'...

Sberbank

Sberbank conducted Russia's first lending transaction via digital financial assets secured by a company's movable property and goods in turnover. Loan volume amounted to ₽100 million. Use of CFA allows eliminating unnecessary intermediaries, speeding up and reducing the cost of the transaction, and making transactions safer. Therefore, the bank expects more...

Macy's

Macy's GAAP net income for 6 months of 2023 totaled $133 million, down 4.2 times from $561 million in the previous year. Revenue declined 8.3% to $10.453 billion from $11.399 billion a year earlier.

KAMAZ

Kamaz's financial situation is record good by key indicators, marketing director Ashot Harutyunyan said. "We have never felt so good. All indicators - financial revenue, EBITDA, debt to EBITDA ratio - are just breaking all records," he said. By 2030, even under the most conservative scenario, the company plans to double its revenue.

KAMAZ

Company Kama, which develops a line of electric cars Atom with the participation of Kamaz, will be able to supply customers with 25-30 thousand cars in the year of production launch, and plans to increase the production volume up to 100 thousand cars, said the executive director of the company Harald Grubel. This year Kama plans to create about ten prototype...

Baidu

Baidu's GAAP net profit for 6 months of 2023 was CN¥11.691 billion, up 4.2 times from CN¥2.775 billion in the previous year. Revenue rose 12.3% to CN¥65.2 billion against CN¥58.058 billion a year earlier.

Seligdar

Joint venture of Seligdar and Rostec State Corporation, Beloye Zoloto LLC, received a license for geological exploration of the flanks of the Kyuchusskoye ore field on an application basis. P3 category prospective resources of the site amount to 32.8 tons of gold. Study of the flanks is a part of the Kyuchus deposit development project and should allow exten...

Renaissance Insurance

Management of Renaissance Insurance has recommended that the Board of Directors consider paying an interim dividend of ₽4.3 billion, which is 63% of IFRS net profit for the half-year. Recommended dividend per share is ₽7.7. If approved by the board of directors and shareholders' meeting, the payment will be made in October-November this year. Dividend yield...

Renaissance Insurance

Renaissance Insurance's IFRS net profit for 6 months of 2023 amounted to ₽7 billion. Gross premiums written across key lines of business increased 5% to ₽52.9 billion from ₽50.4 billion a year earlier.

Nebius Group

Marketplace Yandex Market has launched the sale of furniture under its own brand in the medium price segment. Now sofas and beds are available on the site. By the end of 2023, the range will be supplemented with furniture for the living room, kitchen and bedroom. Company expects that furniture under its own brand will take up to 10% of the category turnover...