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Public Joint Stock Company Magnit (MGNT.ME)

MCX - MCX Real Time Price. Currency in RUB
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4,620.00-265.00 (-5.42%)
At close: 06:49PM MSK
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  • Reuters

    Russian retailers in talks to import goods via Kazakhstan -report

    Russian retailers Magnit and Lenta are in talks with their suppliers and other parties about importing goods via Kazakhstan, Russia's southern neighbour and close partner, a Kazakh official was quoted as saying on Tuesday. Rouble volatility and supply chain disruptions have hit the Russian market since President Vladimir Putin sent troops into Ukraine on Feb. 24 in what Moscow says is a "special military operation" to degrade Kiev military capabilities and root out what it calls dangerous nationalists. The West has imposed sweeping sanctions on Russia in an effort to force it to withdraw its forces, while many foreign companies have ceased or suspended their Russian operations.

  • TheStreet.com

    Etoro Apologizes After Liquidating Its Clients' Russian Stocks

    The trading platform took an unprecedented action without warning its customers who do not hide their anger and frustration.

  • Reuters

    Russian retailer Magnit eyes expansion of new ready-to-eat project

    Magnit, one of Russia's largest food retailers, said on Friday it had launched a range of ready-to-eat products at certain stores and could develop the project further with the construction of what it called "kitchen factories". Magnit, which on Thursday reported a drop in quarterly net profit of 6%, is trying to close the gap on market leader X5 and finalised its purchase of rival Dixy earlier this month for 87.6 billion roubles ($1.2 billion). The ready-to-eat project has been launched in two Russian cities, with around 40 items available at almost 50 stores, and Magnit said it would decide on expansion plans once the pilot was complete.

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