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Defence firm moving to Wales with plans to create 250 jobs

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Marshall Land Systems has informed staff it plans to relocate from Cambridge to Merthyr

Marshall Land Systems.

A leading defence firm has confirmed plans to relocate from Cambridge to South Wales in an investment expected to create 250 jobs.

Marshall Land Systems, which designs and manufactures specialist deployable defence infrastructure, has informed its staff that it plans to move to Merthyr with a consultation under way.

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The business was acquired last year from family-owned Marshall Group by Canadian investment firm Flowing River Capital Partners. At the time of the acquisition they were aware of the relocation requirement with Marshall Group looking to sell land around Cambridge Airport – where Marshall Land Systems and other group companies are based -for residential development.

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The firm’s current Cambridge operation employs 158 people, alongside 59 fixed-term agency contractors. However, the new owners are upbeat about the company’s growth and job-creating prospects.

A spokesperson for the company, which also has sites in Canada and the Netherlands with a total workforce of around 500, said: “Marshall Land Systems needs to relocate from its current home due to redevelopment of the area around Cambridge Airport. We’ve looked at potential facilities close to Cambridge and more widely across the UK. Subject to employee consultation, it is our intention to establish a manufacturing/assembly facility in Merthyr Tydfil.

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“We are currently consulting with our impacted workforce and unions about the proposal.” Depending on the outcome of the consultation process, we will be offering impacted employees the opportunity to relocate.

“If we go ahead with the proposal and establish the facility in Merthyr, we will bring a currently mothballed industrial facility back into use, providing a base for growth and expansion for the company. We will be creating up to 250 permanent jobs over five years.

“The proposed move makes financial and industrial sense in terms of supply chain, local industry, and the Welsh Defence Growth Deal.”

The company wouldn’t comment on a precise location in Merthyr and only referred back to its statement.

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However, with a lack of large scale industrial units in the town, a likely location is a vacant factory and office site that was occupied by Vision Modular Systems. It extends to 191,600 sq ft and occupies a 8.2 acres at Merthyr Industrial Park. The building is being marketed by the Cardiff office of property advisory firm Knight Frank.

It is anticipated that the new Merthyr site will become operational by the end of the year.

The Welsh Government said: “We welcome the decision by Marshall, subject to staff consultation, to move their manufacturing operation to Merthyr Tydfil.

“This shows Wales is an attractive location for investment and this new government is determined and focused on bringing many more jobs here.”

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Announcing its acquisition last November, Thomas Benjoe, chief executive of Flowing River Capital Partners, confirmed plans to expand the business. He said: “Marshall Land Systems has a tremendous pedigree, a highly capable workforce and management team, and strong opportunities for growth in the strategically important defence market as Canada and its allies focus on national capability and international partnership.

“This acquisition is a perfect fit, advancing our ambition to build a thriving portfolio of companies while staying true to our values of community stewardship, sustainability, and collaboration. We look forward to working with the team to grow the business.”

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Apple Unveils iOS 27 with Major Performance Gains and Refined Design for iPhones

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Xperia 1 VIII

CUPERTINO, Calif. — Apple on Monday officially announced iOS 27, the next major software update for iPhones, promising significant performance improvements, visual refinements and new capabilities across core apps as the company continues to enhance its mobile operating system. The update builds on previous versions with faster app launches, improved search functionality and expanded cross-platform features.

iOS 27 introduces Liquid Glass, an enhanced design element gaining a transparency slider as part of broader interface advancements. Icons receive sharper definitions with additional layers of refraction for a more polished appearance. According to Apple, apps launch up to 30% faster, while AirDrop transfers see an 80% speed improvement.

The update maintains broad device compatibility, supporting all iPhones capable of running iOS 26, including models from the iPhone 11 and second-generation iPhone SE onward. Older devices are expected to feel more responsive thanks to an optimized CPU scheduler.

Performance and Search Enhancements

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A rebuilt search index powers improvements to Spotlight and system-wide search, with iOS 27 indexing device context upon installation for more relevant results. The Mail app gains a new ranking system to better surface important messages. These changes aim to make everyday interactions smoother and more intuitive for millions of users worldwide.

Apple highlighted faster overall system performance, with particular attention to responsiveness on older hardware. The focus on efficiency addresses long-standing user feedback regarding device longevity and software optimization across its aging lineup.

App-Specific Updates and Hardware Integration

Several built-in applications receive notable upgrades in iOS 27. The Photos app now supports sharing iCloud Shared Albums with Android and Windows users, broadening collaboration options. Health gains advanced cycle tracking capabilities, while AirPods users will benefit from new custom EQ settings for personalized audio experiences.

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Apple Maps features an upgraded Flyover mode with richer aerial imagery, enhancing virtual exploration. Additional refinements include better battery insights, improved widget options and expanded language support across keyboards and interfaces.

The update emphasizes trust and safety, with enhancements to Apple Child Accounts and parental controls. A wide array of smaller improvements spans Shortcuts, Freeform, Messages and other tools, including faster PDF handling, new drawing capabilities and multilingual grammar checking.

Compatibility and Rollout Plans

Apple confirmed that iOS 27 will be available as a free software update later this year for supported devices. The broad compatibility ensures that even users with older iPhones can access the latest features and security patches, extending the useful life of hardware and reducing electronic waste.

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Developers and early testers have already begun exploring the beta versions, with public previews expected in the coming weeks. The update aligns with Apple’s annual cadence of major iOS releases, typically previewed in June and finalized in September alongside new iPhone models.

User and Industry Implications

The performance-focused approach in iOS 27 reflects Apple’s ongoing commitment to software excellence even as hardware innovation continues. Faster app launches and AirDrop transfers address practical pain points for users who rely on their iPhones for daily productivity and connectivity.

Industry analysts view the refinements as evolutionary rather than revolutionary, building steadily on the foundation of previous updates. The inclusion of features like perimenopause and menopause support in the Health app demonstrates Apple’s attention to diverse user needs across life stages.

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Cross-platform sharing improvements, such as Shared Albums with non-Apple users, may help bridge ecosystems in mixed households and workplaces. Enhanced parental controls respond to growing concerns about digital safety for children and teenagers.

Broader Context in Apple’s Ecosystem

iOS 27 arrives alongside updates to other operating systems in the Apple family, creating a cohesive experience across iPhone, iPad, Mac, Watch and other devices. Features like improved Continuity, Handoff and iCloud integration benefit users with multiple Apple products.

The emphasis on efficiency and battery life addresses increasing demands on mobile devices in an always-connected world. Optimizations for Low Power Mode, wireless connectivity and background processes help extend usage between charges.

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Privacy and security remain central, with incremental improvements building on Apple’s longstanding reputation in these areas. The update includes refinements to emergency alerts, data protection and access controls.

What Users Can Expect

Early indications suggest iOS 27 will feel snappier and more visually refined for most users. The Liquid Glass customization options give individuals greater control over their device’s appearance, while under-the-hood changes deliver tangible speed benefits.

Travelers and international users will appreciate expanded language support, new keyboards and region-specific features. Families benefit from enhanced sharing and parental tools, while health-conscious individuals gain more sophisticated tracking options.

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The update continues Apple’s tradition of delivering free annual improvements that keep older devices relevant. This strategy has helped maintain strong customer loyalty and contributed to the longevity of iPhone hardware.

Looking Ahead

As beta testing progresses, Apple is expected to reveal additional details and fine-tune features based on feedback. The final release will likely coincide with the launch of new iPhone models later in 2026, showcasing how software and hardware work together.

For the hundreds of millions of iPhone users globally, iOS 27 represents another step in the evolution of one of the world’s most popular mobile platforms. The combination of performance gains, design polish and practical new tools aims to enhance daily experiences while maintaining the simplicity and reliability that define the iOS ecosystem.

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Users are encouraged to back up their devices before installing major updates and to explore new features gradually. Apple support resources and community forums will provide guidance as the rollout begins.

The announcement underscores Apple’s continued investment in software as a key differentiator in a competitive technology landscape. With iOS 27, the company delivers meaningful improvements that benefit users across its diverse device lineup and global audience.

As details continue to emerge, iOS 27 appears poised to deliver a refined, faster and more capable experience for iPhone owners, reinforcing the platform’s position at the forefront of mobile innovation.

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Kyrie Draws Trade Interest from Pistons, Wolves, Rockets and Lakers

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Kyrie Irving #11 of the Brooklyn Nets poses for a photograph during Media Day at HSS Training Center on September 27, 2019 in the Brooklyn borough of New York City.

NEW YORK — Kyrie Irving, the veteran Dallas Mavericks guard and nine-time All-Star, is generating significant trade interest as the NBA offseason intensifies, with four teams emerging as realistic suitors according to multiple reports. The 34-year-old, recovering from a season-ending ACL tear, could be on the move as the Mavericks continue reshaping their roster following major front-office and coaching changes.

Veteran NBA reporter Brandon “Scoop B” Robinson identified the Detroit Pistons, Minnesota Timberwolves, Houston Rockets and Los Angeles Lakers as teams showing credible interest in acquiring Irving. His current contract includes $39.5 million for the upcoming season and a $42.4 million player option for 2027-28, making any deal complex but feasible under the league’s salary cap rules.

Irving missed the entire 2025-26 season while rehabilitating the knee injury, marking an extended absence from competitive play. Despite the lengthy layoff, recent updates from the guard himself have been encouraging, signaling readiness to return at a high level. The Mavericks, meanwhile, have undergone substantial upheaval, including the firing of general manager Nico Harrison, a major trade sending Anthony Davis elsewhere, and the departure of head coach Jason Kidd.

Potential Destinations and Fit

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The Los Angeles Lakers represent a high-profile landing spot, pairing Irving with Luka Doncic in what would be a star-studded backcourt. However, the team would need to navigate existing point guard depth while addressing roster construction around their core. The move could provide immediate offensive firepower but carries injury and chemistry questions.

Detroit Pistons, led by young star Cade Cunningham, could view Irving as a mentor and scoring complement. The Pistons have been building aggressively around their young core, and adding a proven playoff performer like Irving might accelerate their contention timeline in the Eastern Conference.

Houston Rockets, featuring a returning Fred VanVleet, would similarly face backcourt crowding but possess the young talent and assets to make a deal work. The Rockets’ upward trajectory under their current management makes them an intriguing destination for a veteran seeking a fresh start on a rising team.

Many analysts point to the Minnesota Timberwolves as perhaps the most logical fit. The Timberwolves have been linked to Irving, with reports suggesting endorsement from a key figure within the organization. Their need at the point guard position aligns well with Irving’s skill set, potentially creating a dynamic offensive duo alongside Anthony Edwards while bolstering playoff experience.

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Mavericks’ Rebuild Context

Dallas finds itself at a crossroads after several high-profile moves. The departures of key personnel and players signal a strategic reset, with Irving now viewed by some as the final piece of the previous regime. Trading the veteran guard could free up salary flexibility and draft assets as the Mavericks look toward the future while remaining competitive in a tough Western Conference.

Irving’s injury history and age introduce risk for any acquiring team. The guard has dealt with various health and availability issues in recent years, though his talent when healthy remains elite. His ability to create off the dribble, finish at the rim and knock down threes at a high clip continues to make him a sought-after talent despite the concerns.

Injury Recovery and Outlook

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Irving’s recent positive updates regarding his rehabilitation have helped ease some doubts. The lengthy recovery period from an ACL tear typically spans 9-12 months for athletes at his level, and reports indicate he is progressing well. Teams will conduct thorough medical evaluations before finalizing any deal, focusing on long-term durability.

A move could provide Irving with a new environment and fresh motivation as he enters the later stages of his career. Known for his elite ball-handling and clutch performances, he has a proven track record in high-stakes situations, including deep playoff runs with previous teams.

Broader NBA Trade Landscape

The rumors emerge amid a busy offseason across the league. Teams are evaluating rosters following the conclusion of the 2025-26 season, with salary cap space, draft picks and young talent serving as key currency in negotiations. Irving’s availability adds another high-profile name to the market, potentially triggering a domino effect of additional deals.

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The Mavericks’ situation reflects broader trends of roster turnover as franchises seek contention windows or rebuilds. For suitors, acquiring Irving represents a calculated gamble: high upside in the short term balanced against injury and contract considerations. Negotiations are expected to intensify as the draft and free agency periods approach.

What It Means for Contenders

Landing Irving could immediately elevate a team’s playoff prospects. His experience as a former champion and clutch performer offers intangible benefits, particularly for younger squads like the Pistons, Rockets or Timberwolves. For the Lakers, it would represent another attempt to build a championship-caliber supporting cast.

Defensive fit and chemistry with existing stars will be critical factors. Irving’s ball-dominant style requires complementary pieces capable of spacing the floor and defending at a high level. Teams will also weigh his leadership qualities and past off-court narratives when assessing long-term value.

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Financial and Contractual Details

Irving’s contract structure provides flexibility but also commitment. The player option for 2027-28 gives him control over his future, a factor that could influence trade discussions. Acquiring teams must factor in luxury tax implications and roster balancing under the collective bargaining agreement.

Dallas holds the right to engage in sign-and-trade scenarios or outright deals, depending on return packages. Potential compensation could include young players, future picks and salary-matching contracts, typical in exchanges involving star veterans.

Fan and League Reactions

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News of Irving’s availability has sparked widespread discussion among NBA fans and analysts. Social media platforms buzz with speculation about potential destinations and on-court fit. League insiders expect more clarity in the coming weeks as teams finalize summer plans.

Irving’s career has been marked by brilliance interspersed with challenges, from individual accolades to team success. A fresh start could rejuvenate his performance as he aims for another deep postseason run. For the Mavericks, moving on might allow focus on younger talent and long-term sustainability.

As the NBA offseason heats up, Irving’s situation remains one of the most closely watched storylines. Whether he stays in Dallas or finds a new home among the reported suitors, his next chapter will significantly impact multiple franchises and the broader league landscape.

The coming days and weeks are expected to bring further developments as teams assess their options and Irving’s camp evaluates the best path forward. For now, the four-team interest underscores the enduring appeal of one of the league’s most dynamic and polarizing talents.

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The Cloud Has Come Back Down To Earth

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The Cloud Has Come Back Down To Earth

The Cloud Has Come Back Down To Earth

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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price

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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price
In a solid stock market debut, shares of CMR Green Technologies listed at 43% premium over IPO price on Wednesday. The stock opened at Rs 275.40 on the BSE as compared to its issue price of Rs 192.

Meanwhile, the stock opened at Rs 268 on NSE, surging 40% from IPO price.

Robust IPO subscription

The IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed 270.46 times. The non-institutional investor (NII) segment was booked 172.35 times, while the retail investor category attracted bids worth 27.08 times the shares reserved for it.

More than 33.7 lakh applications were received across categories, highlighting strong participation from both institutional and retail investors.

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Ahead of the IPO opening, the company had raised Rs 188.44 crore from anchor investors through the allocation of 98.14 lakh shares.

About the company

CMR Green Technologies, incorporated in 2006, is one of India’s leading non-ferrous metal recyclers and operates in the secondary aluminium market. The company manufactures recycled aluminium alloys, zinc alloy ingots, aluminium billets and other recycled metal products that are used across automotive and industrial applications.

Its customer base includes several leading automobile manufacturers and component makers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki and Jindal Stainless.
The company is positioned to benefit from increasing demand for recycled metals as manufacturers globally focus on reducing carbon emissions and improving sustainability across supply chains. Aluminium recycling consumes significantly less energy than primary aluminium production, making recyclers increasingly important in the transition towards greener manufacturing.
Financially, the company has shown steady growth. For the nine months ended December 2025, CMR Green Technologies reported revenue of Rs 6,291 crore and profit after tax of Rs 162.39 crore. For FY25, it reported revenue of Rs 6,696.66 crore and net profit of Rs 155.04 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Pattern Group: Defensible MOAT

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Pattern Group: Defensible MOAT

Pattern Group: Defensible MOAT

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Why is Geely Automobile stock rallying today?

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Why is Geely Automobile stock rallying today?

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At Close of Business podcast June 10 2026

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At Close of Business podcast June 10 2026

Mark Beyer speaks to Justin Fris about WA’s present rollout of renewable energy projects.

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Heidelberger Druckmaschinen Aktiengesellschaft 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:HBGRY) 2026-06-10

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Macron to chair video call involving G7 and China over trade imbalances

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Macron to chair video call involving G7 and China over trade imbalances


Macron to chair video call involving G7 and China over trade imbalances

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FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation

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FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation
Fertiliser stocks witnessed strong buying interest on Wednesday, with shares of The Fertilisers and Chemicals Travancore (FACT) and Chambal Fertilisers & Chemicals surging up to 5% during the trading session. The rally followed reports that the Fertiliser Ministry has sought a significant increase in the subsidy budget for FY27.

According to government sources cited by PTI and The Times of India, the Ministry has approached the Finance Ministry to double the fertiliser subsidy allocation to Rs 1.71 lakh crore, reflecting mounting concerns over escalating global fertiliser prices and rising import costs.

The proposed hike comes amid disruptions linked to the ongoing West Asia conflict, which has pushed up international fertiliser prices and strained global supply chains. Officials have warned that if these challenges persist, India’s fertiliser subsidy bill could exceed Rs 3 lakh crore during the current fiscal year.

A prolonged disruption in shipping through the Strait of Hormuz, a critical trade route, could further inflate India’s fertiliser import bill and complicate procurement efforts. At the same time, a shrinking global supply pool continues to exert upward pressure on prices.

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However, officials noted that the final subsidy requirement may ease somewhat as domestic fertiliser production continues to improve, helping offset part of the import burden.


India currently provides substantial subsidies on key fertilisers to shield farmers from price volatility. Neem-coated urea is sold at Rs 242 per 45 kg bag, while di-ammonium phosphate (DAP) is priced at Rs 1,350 per 50 kg bag.
The prospect of higher subsidy support and sustained demand optimism has put fertiliser stocks firmly in investors’ focus, making the sector one of the standout performers in Wednesday’s trade.

Share price snapshot

Fertilisers and Chemicals Travancore (FACT): Shares of FACT surged 5% to Rs 920 during Wednesday’s trade. The company currently has a market capitalisation of Rs 56,686 crore, while the stock’s 52-week high stands at Rs 1,085.Chambal Fertilisers & Chemicals: The stock advanced 4% to Rs 473, drawing investor attention amid the sector-wide rally. The company commands a market capitalisation of Rs 18,220 crore, and its 52-week high stands at Rs 580.70.

Technical indicators

FACT: The stock’s 14-day Relative Strength Index (RSI) is at 50.1. An RSI reading below 30 is generally considered oversold, while a reading above 70 indicates overbought conditions.

Chambal Fertilisers & Chemicals: The stock’s 14-day RSI stands at 49.2, suggesting neutral momentum. Typically, RSI levels below 30 signal oversold territory, whereas readings above 70 point to overbought conditions.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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