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Morgan Sindall and others win $3.9bn contracts at Sellafield
Yahoo Finance· 2025-10-14 09:32
Core Points - Morgan Sindall Infrastructure, Costain, and HOCHTIEF (UK) have been awarded contracts totaling up to £2.9bn ($3.9bn) for nonnuclear infrastructure works at the Sellafield site in England, with an initial duration of nine years and an option to extend for six more years, potentially lasting until 2040 [1][5] Group 1: Contract Details - The scope of work includes detailed design, procurement, installation, construction, commissioning, and handover processes, covering electricity distribution, water supply, road and rail networks, bridges, foundations, and security systems [2] - Morgan Sindall will serve as the electrical distribution partner, overseeing maintenance and upgrades to Sellafield's electrical network in collaboration with design partners Baker Hicks and GHD [3] - Costain has been appointed as the utilities delivery partner for work valued at up to £1bn, emphasizing long-term relationships with tier 1 customers [4] Group 2: Company Roles and Contributions - HOCHTIEF (UK) will deliver civil infrastructure works under a contract worth up to £595m, providing design, engineering, and delivery services in support of Sellafield's nuclear operations and decommissioning [5] - The companies will operate under the new Infrastructure Delivery Partnership (IDP), which replaces the previous Infrastructure Strategic Alliance at Sellafield [5] Group 3: Community and Economic Development - The contracts include provisions for supporting economic and community development in West Cumbria, focusing on local business support, access to Sellafield contracts, job creation, workforce development, and skills training opportunities [6]
Fluor Corporation Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before November 14, 2025 to Discuss Your Rights – FLR
Globenewswire· 2025-10-13 20:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed costs related to infrastructure projects [1][3]. Summary by Sections Allegations - The complaint alleges that during the class period from February 18, 2025, to July 31, 2025, Fluor Corporation made materially false and misleading statements regarding the costs of its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35 [3]. - It is claimed that these costs were increasing due to subcontractor design errors, price hikes, and scheduling delays [3]. - The allegations further state that customer reductions in capital spending and hesitance due to economic uncertainty were negatively impacting the company's business and financial results [3]. - Consequently, Fluor's financial guidance for FY 2025 was deemed unreliable, and the effectiveness of its risk mitigation strategies was overstated [3]. Class Action Details - Shareholders who purchased shares of Fluor during the specified class period are encouraged to register for the class action, with a deadline set for November 14, 2025 [4]. - Registration allows shareholders to receive updates on the case's progress through portfolio monitoring software [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].
The Gross Law Firm Reminds Fluor Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 14, 2025 - FLR
Prnewswire· 2025-10-13 13:00
, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fluor Corporation (NYSE: FLR). Shareholders who purchased shares of FLR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. https://securitiesclasslaw.com/securities/fluor-corporation-loss-submission-form/?id=171647&from=4 WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? CLASS PERIOD: Feb ...
Analysts See Long-Term Upside for Hormel Foods Corporation (HRL) Among Leading Food Dividend Stocks
Insider Monkey· 2025-10-10 03:00
Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for supporting the anticipated surge in energy demand from AI data centers [3][7] - This company is characterized as a "toll booth" operator in the AI energy boom, benefiting from the increasing need for energy as AI technologies expand [4][5] Market Position - The company is noted for its unique position in the market, being debt-free and holding a significant cash reserve, which is approximately one-third of its market capitalization [8][10] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities in the AI sector [9][10] Strategic Advantages - The company is involved in large-scale engineering, procurement, and construction (EPC) projects across various energy sectors, including nuclear energy, which is crucial for America's future power strategy [7][8] - The current political climate, particularly the push for onshoring and increased U.S. LNG exports, positions this company favorably to capitalize on these trends [6][14] Future Outlook - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, making investments in AI a strategic move for future growth [12] - The potential for significant returns is emphasized, with projections suggesting over 100% returns within 12 to 24 months for investors who act promptly [15]
Shareholders that lost money on Fluor Corporation (FLR) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
Globenewswire· 2025-10-09 20:24
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the rising costs of its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, significantly harmed the Company's business and financial results [2]. - The complaint asserts that Fluor's financial guidance for FY 2025 was unreliable, overstating the effectiveness of its risk mitigation strategy and understating the impact of economic uncertainty [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].
Fluor Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before November 14, 2025 to Discuss Your Rights - FLR
Prnewswire· 2025-10-09 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit, alleging that the company made materially false and misleading statements during a specified class period, which could have significant implications for its financial results and guidance [1][2]. Group 1: Allegations Against Fluor Corporation - The complaint alleges that costs associated with Fluor's infrastructure projects were increasing due to subcontractor design errors, price increases, and scheduling delays [1]. - It is claimed that customer reductions in capital spending and client hesitations due to economic uncertainty were likely to have a significant negative impact on Fluor's business and financial results [1]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategy [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 18, 2025, to July 31, 2025, with a deadline for shareholders to register as lead plaintiffs set for November 14, 2025 [2]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3: Firm's Mission and Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements or omissions that led to artificial inflation of stock prices [3].
Fluor Corporation Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fluor Corporation - FLR
Globenewswire· 2025-10-08 01:20
Core Viewpoint - A securities class action lawsuit has been filed against Fluor Corporation for failing to disclose material information during the class period from February 18, 2025, to July 31, 2025, which is in violation of federal securities laws [3]. Group 1: Lawsuit Details - Investors have until November 14, 2025, to file lead plaintiff applications in the lawsuit against Fluor Corporation [1]. - The lawsuit is pending in the United States District Court for the Northern District of Texas [1]. - The case is titled Maglione v. Fluor Corporation, et al., No. 25-cv-02496 [5]. Group 2: Financial Performance - On August 1, 2025, Fluor announced its Q2 2025 financial results, reporting a non-GAAP EPS of $0.43, which missed consensus estimates by $0.13 [4]. - The company's revenue for Q2 2025 was $3.98 billion, reflecting a 5.9% year-over-year decline and missing consensus estimates by $570 million [4]. - The financial outlook for FY 2025 was negatively revised, with adjusted EBITDA guidance lowered to $475 million to $525 million from a prior range of $575 million to $675 million [4]. - Adjusted EPS guidance was also reduced to $1.95 to $2.15 per share, down from a previous range of $2.25 to $2.75 per share [4]. Group 3: Market Reaction - Following the announcement of the financial results, Fluor's share price fell by $15.35, or 27.04%, closing at $41.42 per share on August 1, 2025 [5].
Contact Levi & Korsinsky by November 14, 2025 Deadline to Join Class Action Against Fluor Corporation(FLR)
Globenewswire· 2025-10-06 20:52
Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, which were increasing due to subcontractor design errors, price hikes, and scheduling delays [2] - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2] - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees, allowing class members to potentially receive compensation without financial obligation [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years, indicating its expertise in handling complex cases [4]
Lost Money on Fluor Corporation(FLR)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-10-06 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit for shareholders who purchased shares during the specified class period from February 18, 2025, to July 31, 2025 [1] - Allegations include that Fluor Corporation made materially false and misleading statements about the costs associated with its infrastructure projects, which were impacted by subcontractor design errors, price increases, and scheduling delays [1] - The lawsuit claims that these issues, along with reduced capital spending from customers and economic uncertainty, negatively affected Fluor's business and financial results, rendering its financial guidance for FY 2025 unreliable [1] Summary by Sections Allegations - The complaint alleges that Fluor Corporation failed to disclose increasing costs related to infrastructure projects due to various factors, including subcontractor errors and economic conditions [1] - It is claimed that the company's public statements were materially false and misleading throughout the relevant period [1] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 14, 2025, to participate in the case without any cost or obligation [2] - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2] Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
Looking to Beat the Stock Market? 1 Reason to Set Your Sights on Fluor Stock.
Yahoo Finance· 2025-10-05 22:45
Group 1 - The article highlights Fluor (NYSE: FLR) as a promising growth stock amidst a variety of popular growth stocks available to investors [2][6] - Fluor has a substantial backlog of $28.2 billion as of Q2 2025, compared to its reported revenue of $16.3 billion in 2024, indicating strong future growth potential [4] - The company is well-positioned to capitalize on the increasing demand for data centers driven by artificial intelligence and the resurgence in the nuclear energy sector, particularly through high-assay, low-enrichment uranium projects [5] Group 2 - Fluor is recognized for its comprehensive project development capabilities, managing all phases from design to operations and maintenance, which enhances its competitive edge [7] - The company is generating free cash flow, making it an attractive option for investors seeking a balance between risk and growth [6][7] - With shares priced at 17 times forward earnings, the current valuation presents a favorable buying opportunity for investors [6]