Tag: Procurement

BusinessEnergy

Starboard Pushes Fluor to Unlock $4.3 Billion Nuclear Stake Value

Activist investor Starboard Value has taken a nearly 5% position in Fluor Corporation and is pushing the engineering giant to unlock value from its substantial stake in nuclear technology company NuScale Power. According to analysis, Fluor’s 39% holding in NuScale represents over 60% of the company’s market capitalization but trades at a significant discount within the larger corporation. The potential separation could trigger a major rerating of Fluor’s core engineering business.

Activist Pressure Builds at Engineering Giant

Starboard Value, the prominent activist investor known for pushing operational improvements at industrial companies, has set its sights on Fluor Corporation in what analysts suggest could be another lucrative campaign. Reports indicate Starboard has accumulated a nearly 5% stake in the engineering and construction firm and is specifically targeting what they see as buried value in Fluor’s nuclear technology investments.

by Darren Holt
BusinessInnovation

Record-breaking ABSA ESD Expo Generates R24m in SMME Business Opportunities

The 14th annual ABSA Enterprise & Supplier Development Expo has reportedly generated over R24 million in business opportunities for South African small businesses. Sources indicate the event achieved record attendance with 6,451 engagements between SMMEs and corporate buyers during the two-day Johannesburg gathering.

Record-breaking ABSA ESD Expo boosts SMMEs with R24m in opportunities

The 14th annual Absa Enterprise & Supplier Development (ESD) Expo has reportedly generated over R24 million in business opportunities for South African small, medium and micro enterprises (SMMEs), according to event organizers. The event, held alongside the 19th annual Smart Procurement World Indaba in Johannesburg, achieved record attendance with 6,451 total engagements – the highest in the event’s 14-year history.

by Darren Holt
AI AnalyticsAssistive Technology

IBM CEO: AI Growth Slower Than Expected But Poised for Long-Term Revolution

IBM’s CEO suggests AI adoption is progressing slower than expected in the short term but will ultimately revolutionize productivity. The executive emphasized that successful AI implementation requires deep enterprise integration rather than treating the technology as “magic.”

IBM’s Enterprise AI Strategy and Revenue Growth

IBM has significantly scaled its artificial intelligence business, with generative AI now representing approximately 10% of revenue at over $7.5 billion, according to reports from the company’s recent earnings disclosure. Sources indicate the technology giant is focusing heavily on enterprise applications where AI can be integrated into existing business workflows and systems.

by Natalie Brooks