Russian search engine Yandex trumpets fastest growth in six years

Russia’s biggest internet search engine Yandex has registered its fastest growth in six years, it said on Monday as the company raised its 2018 revenue forecast, lifting its share price by almost 8 percent.

The company, which competes with Google and Mail.Ru, said it expects 2018 revenue to grow by 35-38 percent in rouble terms, up from a previous forecast of 30-35 percent.

With more than 20 offices globally, the group’s services include taxis, food delivery and a ride-sharing business with San Francisco-based Uber. [UBER.UL] (Read more….)