Latest news with #contractrenewal
Globe and Mail
16 hours ago
- Business
- Globe and Mail
Why Centrus Energy Stock Leaped 5% Higher Today
Centrus Energy (NYSEMKT: LEU) attracted the right kind of energy on the stock exchange Friday. The company's shares closed that session 5% higher, after it published news of an important contract renewal. That pop looked particularly impressive when matched against the S&P 500 's (SNPINDEX: ^GSPC) trajectory, which dipped into the red with a 0.2% decline. An energetic extension Before market open that morning, Centrus divulged that the U.S. Department of Energy (DoE) exercised its option to extend the company's contract to produce for it high-assay, low-enriched uranium (HALEU). The extension now runs through June 30, 2026. HALEU is a type of nuclear fuel that has a level of enrichment considered most suitable for current nuclear reactor technology, including the small nuclear reactors (SMRs) that have recently come into vogue. In what's probably not a coincidence, Centrus' latest news comes barely a week after its business partner Oklo was tapped to build and operate a nuclear plant to supply heat and electricity to an Air Force base in Alaska. The two companies have a memorandum of understanding (MOU) in place for Centrus to supply HALEU for Oklo's projects. The trend is its friend In its press release on the contract extension, Centrus added that the DoE holds options for further extensions to the existing contract. It could opt to keep Centrus's HALEU supply going for as much as a further eight years. So it's not only good news that a major business for the company has a longer runway, but it's looking for more as time goes by. Assuming President Trump's embrace of nuclear energy remains in place (and possibly outlives his administration), Centrus will be in a very good position indeed. Should you invest $1,000 in Centrus Energy right now? Before you buy stock in Centrus Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Centrus Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
2 days ago
- Sport
- Yahoo
Barcelona key defender's renewal to be finalised after the summer window
Barcelona key defender's renewal to be finalised after the summer window Earlier today, reports emerged claiming that FC Barcelona had reached a verbal agreement with key defender Jules Kounde over a new contract. The 26-year-old right-back's current deal expires in 2027. Given his performances and importance in the team, the Blaugrana are keen on rewarding him with an extension – more so with some clubs in the Premier League showing interest in him. Talks on track, but no immediate renewal However, according to the latest update from Mundo Deportivo, Kounde's contract renewal will not be finalised and formalised this summer. Advertisement The report states that talks over an extension for the French international are on track and both parties are aligned towards reaching an agreement. However, the renewal will have to wait until after the summer transfer window as Barcelona currently have other priorities. New deal after the summer window. (Photo by) Indeed, the La Liga champions have more pressing matters on their hands such as the registration of new signing Joan Garcia and the activation of key target Nico Williams' €62 million release clause and his subsequent registration. For those things to happen, Barça need to free up salary space through the departure of players not in manager Hansi Flick's plans. Advertisement As such, Kounde's renewal is not seen as a priority task for the moment. However, given that both he and Barcelona are committed to continuing together, the intention is to finalise the renewal once the transfer window closes. Having joined from Sevilla in 2022, Kounde has grown into a permanent fixture in the Barcelona starting lineup. A renewal, whenever it happens, will be more than well-deserved for the Frenchman.
Globe and Mail
3 days ago
- Business
- Globe and Mail
NTG Clarity Announces Work Valued at $11.2 Million
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF) NTG Clarity ("NTG") is pleased to announce it has received new purchase orders ("POs") and contract renewals totaling approximately $11.2M CAD from existing and new customers. $1.3M in new purchase orders for offshore software development services. These POs represent a new project under the previously announced $22M three-year contract announced in December 2024. $282K in purchase orders from a new telecom client in Oman for licensing, customization, and ongoing support of our NTGapps platform. $9.6M in contract renewals, expansions, and related purchase orders including: $8.2M in renewed contracts for both offshore and onsite software development services. Several of these renewals include an increase in the number of contracted resources. $1.4M in new purchase orders for offshore and onsite software development services. These POs represent billings under previously announced agreements, including the $53M three-year contract announced in August 2024, as work continues to ramp up. $62K in purchase orders for NTGapps with an existing Telecom client. Included in these POs is $1.3M attributed to the $22M three-year contract announced in December 2024 for a new project not captured in the original contract. This brings expected first-year billing to approximately $12.4M -- 69% higher than originally planned -- highlighting both accelerated ramp-up and expanded client scope. The increase reflects the client's growing reliance on NTG's offshore development capabilities and underscores our ability to scale efficiently within large enterprises. The $282K in new POs from Oman also marks further expansion into the market and aligns with the country's national digitization initiatives -- similar to Saudi Arabia's Vision 2030. The new customer will deploy NTGapps as a network inventory solution to modernize its asset tracking and management systems. "We're seeing momentum on all fronts-accelerated billings on key contracts, strong renewals with increased service commitments, and new customer wins in target markets," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "The uplift in year-one revenue on our $22M contract reflects both the client's confidence and the expanding scale of our work. At the same time, our growth in Oman furthers NTG's position as a trusted partner in a region rapidly advancing its digital infrastructure." About NTG Clarity Networks Inc. NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,200 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises. Forward Looking Information Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.
Yahoo
5 days ago
- Business
- Yahoo
ISS further renews and expands public healthcare contract in Southeast Asia
ISS, a leading global workplace experience and facility services company, has further extended and expanded a significant public healthcare contract in Southeast Asia. The annual value of the contract has increased by more than DKK 100 million, bringing the value of the entire contract to approximately DKK 1.0 billion. A further revenue ramp-up is expected over the five-year contract period. Copenhagen , June 16, 2025 (GLOBE NEWSWIRE) -- Under the contract, which commences in July 2025, ISS will deliver services across a range of public healthcare institutions. The contract forms part of a larger tender from which ISS has already secured new business, as recently announced. Carl-Fredrik Bjor, Group Chief Commercial & Revenue Officer at ISS says: 'We're very excited about the further renewal and expansion of this significant public healthcare contract. This continued collaboration reflects our shared commitment to delivering consistent, high-quality services that support better care and a more positive experience for patients. It also demonstrates ISS's ambition to grow our business through strong, long-term partnerships.'For media enquiries:Charlotte Holm, Head of External Communication, +45 4176 1989 For investor enquiries:Michael Vitfell-Rasmussen, Group Head of Investor Relations, +45 5353 8725Anne Sophie Riis, Senior Investor Relations Manager, +45 3052 9468 CONTACT: For media enquiries: Charlotte Holm, Head of External Communication, +45 4176 1989 For investor enquiries: Michael Vitfell-Rasmussen, Group Head of Investor Relations, +45 5353 8725 Anne Sophie Riis, Senior Investor Relations Manager, +45 3052 9468Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Sport
- Yahoo
Svilar turns down Serie A, Premier League, Bundesliga teams
Mile Svilar is ready to extend his adventure with Roma. After weeks of negotiations, Roma are very close to making his contract renewal official. As reported by Nicolò Schira, the renewal of the Serbian goalkeeper is now in the final stages and the signature could arrive in the next few days. Advertisement The agreement includes a new multi-year contract with a salary of 3.5 million euros per season, to which will be added bonuses linked to individual and team objectives. Svilar strongly wanted to remain at Roma and rejected concrete offers from Serie A, Premier League and Bundesliga clubs, choosing to continue his journey in Giallorossi.
