Business
Zayed International Operating with Reduced Flights Amid Middle East Tensions
ABU DHABI, United Arab Emirates — Zayed International Airport (AUH) in Abu Dhabi remains open and operational on Wednesday, April 22, 2026, but is running with significantly reduced capacity as regional airspace and shipping disruptions tied to U.S.-Iran tensions continue to affect flight schedules and passenger movements.
Etihad Airways, the airport’s primary carrier, is operating a limited commercial schedule of around 90-95 daily departures to approximately 80 destinations across the GCC, Africa, Asia, Australia, Europe and North America. Passengers are strongly advised to check flight status directly with their airline before heading to the airport, as many flights remain subject to short-notice changes, delays or cancellations.
The airport has gradually resumed operations since early March 2026 after a period of partial closures and heavy restrictions caused by the escalation of conflict in the Middle East. While full normal capacity has not yet been restored, authorities have coordinated with airlines and the General Civil Aviation Authority to prioritise repatriation flights, essential travel and the return of stranded passengers. Terminal facilities, including cafés, restaurants and the Etihad Lounge, are open and functioning as normal for those with confirmed tickets.
The current situation is closely linked to developments around the Strait of Hormuz. Renewed uncertainty following the fragile U.S.-Iran ceasefire has led to limited shipping traffic, higher oil prices and occasional airspace alerts. Although Abu Dhabi’s airspace itself is not closed, ripple effects from regional tensions have resulted in reduced flight frequencies and occasional diversions. The ceasefire is due for review on April 24, and any further deterioration could lead to additional disruptions.
Travelers arriving or departing Abu Dhabi are experiencing longer processing times at security and immigration due to heightened safety protocols. Entry to the terminals is restricted to passengers with confirmed tickets, and non-travellers are encouraged to avoid the airport unless absolutely necessary. Baggage handling and ground services are operating, but delays are common.
Etihad has extended flexible rebooking and refund policies for affected passengers. Guests are urged to update their contact details in their bookings and monitor the airline’s app or website for real-time updates. Other carriers serving Abu Dhabi, including international partners, are also operating limited schedules and advising passengers to confirm flights in advance.
Zayed International Airport has demonstrated resilience during the period of disruption. Since partial resumption in early March, operations have slowly expanded, with a focus on safety and efficiency. The airport’s modern facilities and strong coordination with emergency management authorities have helped minimise passenger inconvenience despite the challenges.
For those planning travel to or from Abu Dhabi today, the key message from authorities is clear: only travel if you have a confirmed ticket, and verify the latest status directly with your airline. Live flight information is available on the official airport website and through airline apps.
The broader context of regional tensions continues to influence aviation across the Gulf. Dubai International Airport (DXB) and other UAE hubs are similarly operating with caution and reduced schedules. Passengers connecting through Abu Dhabi should allow extra time and prepare for potential changes to itineraries.
Despite the disruptions, Abu Dhabi remains committed to maintaining connectivity. The airport continues to welcome international visitors to the UAE capital, with attractions, cultural sites and experiences operating as normal. However, travelers are reminded to stay informed about the evolving situation in the Middle East.
As of midday on April 22, no major new closures have been announced for Zayed International Airport. Operations are stable but limited, with Etihad and partner airlines prioritising safety and the movement of essential passengers. The next scheduled review of regional airspace and shipping conditions is expected around April 24, which could bring further clarity or additional adjustments.
For Australian travelers or those with connections involving Abu Dhabi, the situation underscores the importance of travel insurance that covers flight disruptions and geopolitical events. Many policies now explicitly address such risks, and passengers are encouraged to review their coverage before departure.
The airport’s official website and social media channels are providing regular updates, along with the General Civil Aviation Authority. Passengers are urged to rely on official sources rather than unverified social media reports, which have occasionally spread inaccurate information during the crisis.
Zayed International Airport’s ability to maintain partial operations during a period of regional instability highlights the UAE’s strong aviation infrastructure and emergency preparedness. While full restoration to pre-crisis schedules may take time, the gradual increase in flights demonstrates a commitment to restoring normal connectivity as conditions allow.
For those flying today, patience and flexibility will be essential. Check-in processes may take longer, and last-minute gate changes or delays are possible. Arriving early at the airport and staying in contact with your airline remain the best practices.
The current status at Abu Dhabi Airport serves as a reminder of how quickly global events can impact travel. While the airport is open and welcoming passengers, the environment remains dynamic. Travelers should stay vigilant, monitor updates and be prepared for changes as the situation in the wider region evolves.
As April 22 progresses, authorities and airlines continue to work closely to support passengers and maintain safe operations. The hope is for a swift return to more normal schedules once diplomatic efforts yield greater stability. In the meantime, Zayed International Airport stands open — ready to serve travelers with the same high standards of hospitality and efficiency that have defined it as one of the region’s premier gateways.
Business
What Software Do You Actually Need?
Launching an online casino in the UK is one of the more technically involved projects in the digital business space. The UK market is mature, player expectations are high, and the technical standards operators must meet are clearly defined.
Getting the software right from the start is not just a convenience — it is what determines whether your platform holds together at launch and continues to scale after it.
The good news is that the market for casino infrastructure has developed significantly over the past decade. Operators today have access to modular, API-driven platforms that can be assembled into a working product far faster than was possible five years ago. The challenge is knowing what each component actually does and how the pieces connect — which is exactly what this guide covers.
Before getting into specifics, here is the framing: a casino platform is not a single piece of software. It is a collection of interdependent systems covering player identity, game delivery, payments, promotions, and business reporting. When operators talk about choosing online gambling software, they are really making a set of parallel decisions about which vendor handles which layer and how those layers communicate. Getting that architecture right is the foundation everything else sits on.
The Core Software Stack Every UK Casino Needs
Every operational casino platform, regardless of size or market positioning, runs on a small set of foundational systems. These are not optional modules — they are the baseline requirements for going live and staying compliant with the standards expected in the UK market.
Think of the core stack as the skeleton of your operation. Without any one of these components functioning correctly, the entire platform either fails to launch or creates serious operational risks once live.
The essential components are:
- Player Account Management (PAM) — manages identity verification, session control, player segmentation, responsible gambling controls (deposit limits, cooling-off periods, self-exclusion), and player history
- Game delivery layer — connects your front end to game content via APIs, either through direct provider agreements or a game aggregator
- Payment processing infrastructure — handles deposits, withdrawals, currency conversion, and fraud screening
- Back-office reporting system — gives you real-time visibility into GGR, NGR, player activity, and game performance
- Bonus and CRM module — manages promotional mechanics including free spins, deposit match offers, loyalty tiers, and retention campaigns
- Anti-fraud and AML tooling — monitors transaction behavior, flags suspicious activity, and supports your AML reporting obligations
Each of these systems can come from a single platform vendor or be assembled from multiple best-in-class tools. The right approach depends on your budget, timeline, and how much internal technical capacity you have to manage a multi-vendor environment.
Player Account Management: The System Everything Connects To
The PAM system is the operational center of a casino platform. Every player interaction flows through it — registration, KYC checks, deposits, gameplay sessions, bonus claims, and withdrawals. If your PAM is slow, poorly documented, or missing key features, you will feel the impact across every other part of the product.
In the UK specifically, PAM systems need to handle a set of responsible gambling controls that are not optional. These include deposit limits configurable by players on daily, weekly, and monthly cycles; session time reminders; cooling-off periods; and self-exclusion functionality that connects to the national self-exclusion scheme.
All of these controls must be enforced server-side. Client-side-only implementations — where the limit is only applied in the browser or app rather than at the server level — do not meet UK technical standards. This is a detail that catches operators out when they select platforms that were built primarily for less regulated markets and attempt to apply them to the UK without modification.
A strong PAM system also supports player segmentation, which feeds directly into your CRM and retention strategy. Being able to group players by deposit behavior, game preference, session length, and lifecycle stage is what makes the difference between a generic promotional calendar and one that actually drives revenue.
Game Delivery: Direct Integration vs. Aggregation
Getting game content onto your platform involves one of two approaches: signing direct agreements with individual game providers and integrating their APIs one by one, or connecting to a game aggregator that handles those relationships centrally and delivers everything through a single API.
Most UK operators, particularly those launching for the first time, use an aggregator. The practical reason is straightforward: direct integrations take time and require ongoing technical maintenance for each provider. A single aggregator connection gives you access to content from dozens or hundreds of studios while reducing the integration workload to one project.
The game library itself needs to cover slots, live dealer titles, and table games as a minimum. UK players expect a broad content offering, and a library of content from at least 20 to 30 providers is generally considered the baseline for a credible casino product. Live casino content in particular requires careful platform support, since live streaming imposes stricter technical requirements on your infrastructure around latency and connection stability.
Payment Infrastructure: What The UK Market Requires
Payment processing in the UK has a set of hard technical requirements that your platform must meet, separate from any commercial decisions about which payment methods to offer. The most significant of these is the ban on credit card deposits, which has been in effect since April 2020. Your payment gateway must block credit card transactions at the processing layer — not just at the front end.
Beyond that, your payment infrastructure needs to handle a mix of payment methods that UK players actually use:
- Debit cards — Visa and Mastercard remain the dominant deposit methods
- Open banking payments — increasingly preferred by regulators as they provide verified account ownership for source-of-funds checks
- E-wallets — PayPal, Skrill, and similar options remain widely used, with additional AML checks required on e-wallet deposits above defined thresholds
- Cryptocurrency — not a primary method in the UK market, but increasingly expected as an option
Your payment system must also support deposit limits enforcement in real time. When a player sets a daily limit, the payment gateway must prevent deposits that would breach that limit from processing — not just flag them for review afterward.
AML monitoring is a separate but related requirement. Your platform needs automated transaction monitoring that can identify patterns consistent with money laundering and generate suspicious activity reports when appropriate. Most payment processing vendors for the iGaming sector include this as a core feature rather than an add-on.
Back-Office And Reporting Tools
The back office is where you actually run the business. It is the administrative layer that gives your operations team visibility into what is happening on the platform and the controls to act on it. A weak back office does not just make management harder — it creates blind spots that affect your ability to make good commercial decisions.
The minimum feature set for a competent back-office system includes:
- Real-time GGR and NGR reporting by game, provider, player segment, and time period
- Player-level activity history with full transaction logs
- Bonus performance tracking — redemption rates, cost per bonus, incremental revenue generated
- Affiliate tracking and commission management
- Risk alerts and flagging tools for unusual account activity
- Game performance dashboards showing RTP, hold rates, and session counts by title
Operators who underinvest in back-office tooling often find themselves making decisions based on lagging data, which leads to slow responses to game underperformance, bonus abuse, and player churn. The more granular your reporting, the better your ability to manage the business proactively.
Responsible Gambling Tools As A Technical Requirement
Responsible gambling functionality is not a separate add-on or a compliance checkbox. In the UK, these tools are built into the technical requirements for operating a casino platform, and they need to function correctly at all times.
The specific tools that must be present and working include:
- Deposit limit setting on daily, weekly, and monthly cycles, applied server-side
- Loss limit settings at the same frequency
- Session time reminders that alert players when they have been active for a defined period
- Reality checks with configurable display frequency during gameplay
- Cooling-off periods that prevent players from reversing a self-exclusion decision immediately
- Self-exclusion that connects to the national scheme and prevents re-registration during an active exclusion period
The platform must also perform affordability checks when player spending reaches defined thresholds, a requirement that has become more strictly enforced since 2024. Your PAM system and payment layer need to communicate accurately to trigger these checks at the right point.
Custom Build vs. Pre-Built Platform
Operators launching in the UK typically face a decision between building a custom platform from scratch and selecting a pre-built solution from an established vendor. Both approaches have real trade-offs worth understanding before making a commitment.
A custom build gives you full control over the technical architecture, user experience, and product roadmap. You own the codebase, which means no revenue share with a platform vendor and no dependency on their development priorities. The drawback is time and cost. Building a production-ready casino platform with all the components described in this guide takes significantly longer than deploying a pre-built solution, and the ongoing engineering costs are higher.
A pre-built platform gets you to market faster and shifts the maintenance burden to the vendor. The trade-off is less flexibility and, in many cases, a revenue share arrangement that reduces your margin as the business grows.
Most operators launching in the UK for the first time choose a pre-built or turnkey platform for the initial launch, then invest in custom development once the business is generating consistent revenue and the product requirements are better understood. This approach reduces the risk of over-engineering before you know exactly what your players need.
Putting The Stack Together
The software decisions you make at the start of a UK casino project have a longer shelf life than most other decisions in the build. Changing a PAM system or a payment infrastructure provider after launch is a significant technical project that affects every part of the platform. Getting it right the first time is worth the upfront investment in research and vendor evaluation.
The UK market rewards operators who take player experience seriously at the technical level — fast game loading, reliable payment processing, clear responsible gambling controls, and a back office that gives the team real data to work with. Each of these outcomes is a product of good software selection, not luck.
Business
How Hiring a Local Plumber Transforms Emergency Plumbing Situations
Homeowners face emergency plumbing issues more frequently than imagined, with reports suggesting that 57% of households encounter one such crisis annually. These situations demand immediate attention to prevent extensive damage and costly repairs.
By engaging a local plumber, homeowners benefit from faster response times and personalized service. Below, we explore how local expertise can turn an overwhelming plumbing issue into a manageable task.
Emergency Plumbing Situations Made Easier With Local Experts
Local plumbers bring a wealth of knowledge and agility in tackling emergency plumbing. Their familiarity with regional plumbing systems and typical weather conditions allows them to diagnose problems efficiently. plumber near me Additionally, they maintain relationships with local suppliers, ensuring quick access to necessary parts.
Homeowners can rely on local plumbers for tailored and empathetic services. For instance, a local plumber understands the urgency when a severe leak threatens to damage family photographs or heirlooms. This understanding translates into swift action and suitable solutions.
When choosing a local plumbing expert, consider verifying their credentials and customer reviews. Engaging a reputable local professional can significantly reduce the time taken to address emergencies, ultimately protecting your home and peace of mind.
Quick Response Times From Local Plumbers In Urgent Scenarios
Local plumbers offer unparalleled quick response times in emergencies. Their proximity facilitates the rapid deployment of resources and personnel, minimizing potential water damage. This is crucial when dealing with situations like burst pipes or overflowing toilets that can lead to significant damage if not addressed swiftly.
In contrast, national plumbing chains often require extended travel times, which can delay critical interventions. According to industry experts, response times from local plumbers can be as much as 50% faster compared to larger chains, ensuring you receive help precisely when you need it the most.
To ensure prompt attention during emergencies, establish a relationship with a trusted local plumber before emergencies arise. This can be as simple as storing their contact information and confirming their availability for urgent services. Finding a reliable service provider now can ease future worries.
Cost-Effective Emergency Solutions Through Local Plumbing Services
Engaging local plumbers can significantly reduce emergency plumbing costs. Their established connections with neighborhood suppliers often translate into competitive pricing for parts and materials. As a result, homeowners can save up to 20% on material costs alone.
Moreover, local professionals prioritize building long-term relationships with their clients. This focus often leads to tailored pricing models, accommodating each client’s unique financial constraints while emphasizing exceptional service quality.
To maximize potential savings, homeowners should seek out plumbers offering transparent pricing policies and no hidden fees. This approach ensures you receive a fair deal on both labor and materials, protecting your financial interests during an already stressful situation.
Building Trust With Local Plumbers For Stress-Free Emergencies
Establishing trust with local plumbers plays a crucial role in managing emergency situations effectively. Trust fosters open communication, enabling a smoother, more transparent repair process. It also means that homeowners feel more comfortable with the recommended solutions and costs.
Local professionals often engage with their communities, further establishing their reliability and reputation. Frequent positive interactions, such as attending local events and contributing to community projects, enhance their credibility over nationwide services.
To cultivate a trusting relationship, engage your plumber in regular maintenance check-ups. Scheduled inspections help prevent emergencies from arising and provide an opportunity to build rapport, ensuring peace of mind when unexpected plumbing issues occur.
Ultimately, partnering with a local plumber during emergencies offers numerous advantages, from cost savings to faster response times. By fostering trust and maintaining open communication, homeowners can tackle stress-induced plumbing crises confidently and efficiently.
Business
AT&T beats estimates on revenue and subscriber growth

AT&T beats estimates on revenue and subscriber growth
Business
Stifel cuts Manhattan Associates stock price target on valuation

Stifel cuts Manhattan Associates stock price target on valuation
Business
The role of preventive care in avoiding costly dental treatments
Dental appointments have a way of sliding down the priority list. When nothing hurts and everything seems fine, it feels reasonable to postpone that check-up for another month, or perhaps until something actually demands attention.
Work deadlines press harder than a gentle reminder card, and family commitments feel more urgent than a routine scale and polish.
Most of us only rediscover our teeth when they announce themselves through discomfort. A sudden sharp sensation while biting into an apple, gums that streak pink across the bathroom sink, or that annoying chip that your tongue keeps finding. By then, what might have been caught early often requires more complex intervention.
The concept of preventive dental care isn’t about manufacturing anxiety or filling appointment books. Rather, it represents a measured approach that recognises how today’s small actions influence tomorrow’s treatment needs. What you choose to do now genuinely affects the dental procedures you may face later.
Understanding preventive dental care and its impact on your smile
Think of preventive dental care as the partnership between what you do at home and the professional oversight that catches what daily routines cannot. Instead of waiting for symptoms to appear, this approach prioritises early detection alongside practical, everyday guidance.
What preventive care actually involves
At home, you’re dealing with the daily accumulation of plaque and food particles that naturally build up between meals. Brushing twice daily removes the soft bacterial film, while cleaning between teeth reaches the spots your toothbrush cannot access effectively.
Professional appointments pick up where home care leaves off. Dental hygienists remove the hardened tartar deposits that form despite careful brushing, whilst routine examinations track subtle changes in your teeth and gums before they develop into problems requiring treatment.
The relationship works best when both elements support each other. Your daily efforts matter significantly, but they need backing from professional monitoring to be truly effective.
How prevention supports cosmetic dentistry
Healthy foundations matter enormously if you’re considering aesthetic dental work. Gum disease creates an unstable base for treatments like whitening or veneers, whilst untreated decay can compromise how well restorations integrate with your natural teeth.
When your oral health remains stable, you have greater flexibility with cosmetic options. Treatments tend to last longer, require less maintenance, and integrate more seamlessly with your existing smile. Prevention essentially protects whatever investment you might make in aesthetic dentistry.
The real cost of postponing dental care
Delaying dental appointments when everything feels fine seems logical, yet early intervention consistently proves simpler and less invasive than delayed treatment.
Consider how problems typically progress. A small cavity caught early might need just a straightforward filling. Allow that decay to deepen, and you’re looking at root canal treatment or crown work. Similarly, early gum inflammation often responds well to professional cleaning and improved home care, whereas advanced gum disease can affect the bone and ligaments supporting your teeth.
Regular oral health screenings allow problems to be addressed while they remain manageable. Whether you visit a dentist in Upminster or elsewhere, these routine examinations focus on identifying concerns at their most treatable stage.
Understanding NHS and private dental costs
Cost concerns often influence dental decisions, so understanding how dental services work can help with planning.
NHS dental treatment operates through a banded pricing structure. Band 1 covers examinations, preventive advice and basic treatments. Band 2 includes procedures like fillings and root canal work. Band 3 encompasses more complex restorative treatments.
Private dental fees vary between practices and procedures, with treatment plans provided before work begins so you know what to expect. For many people, NHS dental services offer a predictable and accessible route to maintaining oral health.
Building sustainable oral hygiene habits
Effective oral hygiene relies more on consistency than complexity. You don’t need expensive products or elaborate routines, just reliable daily actions that become second nature.
Brushing twice daily with fluoride toothpaste removes the bacterial film that constantly forms on teeth. Cleaning between teeth with floss or interdental brushes reaches areas that toothbrushes miss entirely. These modest daily steps significantly reduce the likelihood of decay and gum problems developing over time.
Why professional cleaning remains essential
Even with meticulous home care, plaque gradually hardens into tartar. Once this calcified deposit forms, it cannot be shifted with regular brushing or flossing. Professional instruments are needed to scale it away safely, which is why dental hygiene appointments remain valuable regardless of how thorough you believe your routine to be.
During a scale and polish, tartar deposits are carefully removed from tooth surfaces, including areas near or slightly below the gum line. The teeth are then polished smooth, making it harder for new plaque to adhere. These appointments also provide an opportunity to review your home care routine and adjust techniques where needed.
How regular care supports long-term value
Think of routine dental visits as reducing the probability of complex treatment later on. Prevention doesn’t eliminate all risk, but it significantly increases the chances that problems are caught and managed early.
If you’re registered with an NHS dentist, preventive care often proves both straightforward and affordable within the banded fee structure.
Early detection makes the difference
Many dental problems develop gradually without obvious symptoms. Enamel changes appear before cavities form, whilst X-rays can reveal decay between teeth or beneath existing fillings. Soft tissue examinations screen for changes that warrant further investigation.
These assessments form part of routine oral health screening, carried out according to current clinical guidelines and tailored to individual risk factors.
Preventing gum disease
Gum disease affects most adults at some stage, but early-stage inflammation often responds well to professional cleaning and improved oral hygiene. Regular removal of the deposits that contribute to gum irritation, combined with effective home care, can prevent progression to more serious stages.
Your dental team will adapt their advice to your particular circumstances, considering medical history and individual risk factors rather than applying generic recommendations.
What to expect from routine appointments
During standard examinations, your dentist checks teeth, gums and soft tissues for signs of decay, disease or other changes. They may take X-rays when clinically appropriate and examine existing restorations for signs of wear or loosening.
Most adults benefit from check-ups every six to twelve months, though individual needs vary. Some people require more frequent monitoring due to higher risk factors, whilst children typically attend every six months as their teeth develop.
Your dentist will recommend a schedule that reflects your specific circumstances rather than following rigid rules.
Accessing affordable dental care
NHS dental services provide essential preventive and restorative treatment at set fees. Certain groups qualify for free NHS dental care, including under-18s, pregnant women and those who’ve given birth within the last twelve months, plus people receiving specific qualifying benefits.
If you’re unsure about eligibility, your dental practice can explain the process and help determine what applies to your situation.
Protecting cosmetic dental investments
If you’ve invested in cosmetic dental treatment, preventive care becomes even more significant. Veneers, crowns and other restorations depend on healthy surrounding tissues for stability and appearance. They require the same ongoing maintenance as natural teeth.
Healthy gums support the aesthetic success of cosmetic work, whilst regular reviews allow monitoring of restorations and minor adjustments when needed. Prevention helps protect what you’ve already invested in, ensuring treatments continue to serve you well.
Preventive care fundamentally concerns stability over reactivity. Small, consistent actions at home, supported by professional oversight, reduce the likelihood of unexpected dental problems whilst safeguarding any existing dental work. In an environment where dental treatment costs continue to rise, prevention offers both practical and financial benefits that compound over time.
Business
McDonald's boss on abuse claims: 'I don't want to talk about the past'
A BBC investigation in 2023 heard from more than 100 McDonald’s workers in the UK claiming they faced sexual assault, harassment, racism, and bullying
Business
Stick to defensive and quality themes amid volatile global setup: Mayuresh Joshi
Speaking on ET Now, Mayuresh Joshi, Head Equity, Marketsmith India highlighted that the current phase of the market favors businesses with consistent earnings delivery and structural growth drivers, especially in a mixed global demand environment and evolving input cost dynamics.
“Our own sense is that a few sectors which are showing signs of inherent strength where earnings might probably be a little bit more consistent both in terms of Q4 earnings delivery as well as expectations in terms of the second order effects when it comes to input cost inflation and demand dynamics on Q1 as well, I think power clearly stands out,” Joshi said.
He pointed to the entire power ecosystem as a key area of interest, including generators, transmission companies, and select ancillary players. According to him, the sector benefits from sustained demand visibility and improving structural trends.
At the same time, he maintained a cautious but constructive stance on pharmaceuticals, calling it a defensive pocket in an uncertain environment. “At the same time our own sense is that pharma does become a sort of a defensive bet where earnings probably can remain far more stable compared to the rest of the pack,” he added.
Within financials, Joshi emphasized a very selective approach, particularly favoring mid-cap PSU banks over other segments.
“Very-very selective in terms of BFSI. Within BFSI our own sense is that the midcap PSU banks might actually fare better as we head into the next few quarters both in terms of valuations, the ratings, and rankings that we see at Marketsmith India and expectations in terms of earnings delivery as well,” he noted, adding that banks such as Bank of Maharashtra, Bank of Baroda, Bank of India, and Indian Bank remain on the radar based on their recent performance trends.He also identified niche engineering, manufacturing, and mining companies as potential outperformers in the current cycle.
Among specific stock ideas, Joshi highlighted Sai Life Sciences within the pharma space. “Sai Life Sciences is something that we continue liking. It is a very good CRDMO play. Our own sense is that the kind of clientele that it probably got, the order book that it is sitting on, the gross margins that it probably delivers, and the EBITDA margins as well along with return ratios might actually hold up,” he said.
On the mining and power-linked theme, he pointed to Godawari Power as another key idea. “Mining companies might continue doing well… with clearances probably getting received will mean and will obviously amplify the kind of volume growth that is probably expected,” he said.
He further added that domestic demand drivers such as power consumption and the rising data centre ecosystem are expected to support growth. “In Godawari Power, all these elements probably take place, realisations better than most market realisations, completely backward integrated unit… and therefore from a balance sheet perspective looks extremely strong,” Joshi explained.
Addressing concerns around newer growth areas such as battery energy storage systems (BESS), Joshi acknowledged the capital intensity but downplayed near-term risks to profitability.
“The capex that is probably required for creating and establishing BESS facilities are quite large at this juncture. But it is going to be the need of the hour as we head into the next few years,” he said, adding that investments are likely to be staggered and will not immediately impact return ratios.
On the IT sector, Joshi remained cautious, citing weak commentary and emerging revenue pressure. “The commentaries have been quite muted honestly and therefore we have stayed away from the entire pack to a large extent,” he said.
He highlighted that while global hyperscalers are investing heavily in AI, Indian IT firms are likely to benefit mainly at the application layer. However, he warned of near-term disruption. “It might hold out in terms of numbers as far as constant currency is concerned… but again this disruption is something which will genuinely cause some element of earnings disruption,” he noted.
In contrast, FMCG has shown resilience, with Nestle delivering a strong set of results, including robust revenue and profit growth. “Very strong set of numbers from Nestle… the numbers across were a huge beat and therefore the management commentary is very supportive,” Joshi said.
However, he flagged input cost pressures from milk prices, crude derivatives, and logistics as key monitorable factors going forward, along with monsoon performance impacting rural demand.
While not holding FMCG stocks currently, Joshi said Tata Consumer and CCL Products remain on his watchlist due to their diversified portfolios and global expansion strategies, particularly in coffee products.
Overall, the market narrative continues to shift towards selective stock-picking, with investors focusing on sectors offering structural growth, pricing power, and balance sheet strength amid a still-evolving macroeconomic backdrop.
Business
McDonald’s UK Launches 2,500 Paid Work Experience Placements to Tackle NEET Crisis
With the number of young Britons not in education, employment or training (NEET) closing in on the one million mark, McDonald’s UK has stepped into the breach with what it claims is the largest in-person work experience programme the country has ever seen.
The fast-food giant, one of the UK’s biggest employers of under-25s, today unveiled a nationwide scheme offering 2,500 paid placements in its first year, with a stated ambition to scale the commitment annually. Crucially for a generation increasingly priced out of unpaid internships, every placement will come with a wage attached.
The initiative will be delivered through McDonald’s network of franchisees, the local business owners who run the bulk of its 1,400-plus restaurants, and will be deliberately weighted towards the country’s NEET hotspots. A quarter of all placements have been earmarked for young people who are already NEET or considered at risk of becoming so.
To underpin the launch, McDonald’s has commissioned its first Youth Confidence Index, a piece of research that lays bare the gap between aspiration and opportunity confronting Britain’s under-25s. While 80 per cent of those in education, training or employment believe they have something positive to offer society, that figure plunges to 57 per cent among the NEET cohort. Two-thirds (67 per cent) of young people surveyed said they would jump at the chance to do work experience but cannot find it; almost seven in ten (69 per cent) cited a lack of opportunities locally, while 61 per cent said they simply could not afford to work for free.
It is a familiar picture to anyone who has covered the small business beat over the past decade, a labour market in which entry-level roles have thinned, hospitality and retail vacancies are no longer the rite of passage they once were, and the Bank of Mum and Dad has quietly become a prerequisite for a foot on the career ladder.
Lauren Schultz, chief executive of McDonald’s UK & Ireland, framed the move as both a commercial and civic responsibility. “At McDonald’s, we believe in the potential and ability of young people and want to help them make it,” she said. “With over 100,000 employees under 25 across the UK, we have the reach to make a real difference and are uniquely positioned to open doors at scale. Everything a young person needs to learn about the world of work, from communication to financial skills, can be mastered at McDonald’s.”
The announcement has been welcomed in Whitehall. Pat McFadden, Secretary of State for Work and Pensions, said the scheme demonstrated “what’s possible when Government and business help young people into work”, noting McDonald’s “strong track record” of training. The Rt Hon. Alan Milburn, who chairs the government’s Young People and Work Review, was rather less restrained, branding the NEET crisis “a national outrage with long-term consequences” and calling on other employers to follow suit.
Sector-watchers and academics were similarly supportive. Lee Elliot Major OBE, professor of social mobility at the University of Exeter, said: “We don’t have a shortage of talent in this country, we have a shortage of opportunity. By offering paid work experience at scale, McDonald’s is showing how businesses can boost social mobility and productivity, potentially transforming the life chances of thousands of young people.”
Haroon Chowdry, chief executive of the Centre for Young Lives, said the data was unambiguous. “Young people want to work. They have hopes and ambition, but what they often lack are opportunity and support. Every young NEET is a person who has been let down by the system.”
For the participants themselves, all aged 16 or over, the offer is a five-day, hands-on placement covering the core mechanics of running a restaurant, from inventory checks and drive-thru operations to customer service, all under the supervision of seasoned crew. Tucked alongside the practical experience are sessions on interview technique and time management, the soft-skills currency that small and medium-sized employers across the country routinely complain is missing from CVs.
The programme builds on a body of work that pre-dates the current NEET emergency by some margin. McDonald’s UK & Ireland’s apprenticeship scheme has supported more than 22,000 people in earning degrees since 2006, while community initiatives such as Fun Football and Taste for Work, the latter of which has reached more than 210,000 youngsters, have long formed part of the company’s social investment. Today’s announcement also sees the chain partnering with two of the country’s more influential think tanks. The Centre for Young Lives is publishing a fresh report, Turning the Tide on Rising NEETs, setting out evidence-based policy recommendations, while the Institute for Public Policy Research (IPPR) is embarking on a two-year research programme, State of a Generation.
For a government that has staked political capital on its Youth Guarantee, a pledge to get every young person earning or learning, the McDonald’s intervention is timely. Whether other large employers can be persuaded to write similarly sizeable cheques remains the open question. As Milburn put it, this is the “kind of leadership employers need to demonstrate if we’re serious about giving every young person a fair start.”
For SME owners watching from the sidelines, the message is harder to ignore. The talent is there. So is the appetite. What has been missing, until now, is a door wide enough to let them through.
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Aussie shares fall as war dims hopes for US rate cuts
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Rolls-Royce Voted UK’s Most Iconic Trade Mark as IPO Register Hits 150
Rolls-Royce has been crowned the nation’s most iconic trade mark in a public poll marking 150 years since Britain became one of the first countries in the world to formalise the protection of brands, the Intellectual Property Office (IPO) has announced.
The Goodwood-built marque pipped Radio Caroline, Twinings and Cadbury to the top spot in a survey that drew around 2,000 nominations, with the public asked to choose the brands they felt had most shaped daily life in the UK. Rounding out the top ten were Bass, Burberry, the Transport for London roundel, Calpol, Mini and the BBC, a roll-call that reads less like a marketing list and more like a cultural autobiography of post-war Britain.
The poll coincides with the 150th anniversary of the UK trade mark register, which opened for business on 1 January 1876 following the passage of the Trade Marks Registration Act 1875. The very first mark to be registered, on day one, was the Bass & Co red triangle label, a piece of intellectual property still in use today and still, as one respondent succinctly observed, attached to “good beer”.
For the SME community, the milestone is more than ceremonial. The register now protects more than 2.5 million marks, with around 200,000 fresh applications received in the past year alone, a record-breaking figure that points to the value modern entrepreneurs place on owning their identity in an increasingly crowded marketplace.
More than 400 trade marks filed before 1900 remain live on the register, a remarkable testament to brand longevity. Bovril (1886), Drambuie (1893), Lyle’s Sugar (1887), Bird’s Custard Powder (1891), Rose’s Lime Juice Cordial (1876) and Woodward’s Gripe Water (1876) are all still trading on the goodwill first banked by their Victorian founders. Even Lyle’s Golden Syrup carries with it the gloriously biblical “Out of the Strong Came Forth Sweetness”, registered in 1884 and quietly enduring on supermarket shelves ever since.
Other Victorian filings border on the prophetic. Kodak was registered in 1888, just as mass photography was emerging, while a mark named “Millennium” was filed in January 1892, more than a century before the date it would come to evoke.
Adam Williams, chief executive of the IPO, said the anniversary underscored the role of trade marks as the bedrock of consumer confidence. “Trade marks are the foundation of brand trust. For 150 years, they’ve helped British businesses, from corner shops and market stalls to app stores and global online retailers, build lasting relationships with consumers and stand behind the quality of their products,” he said. “The tens of thousands who register a trade mark each year are making a statement: we’ve built something good, and we’re putting our name to it.”
Tom Reynolds, chief executive of the British Brands Group, described trade marks as “a legal promise” between business and customer. “Some trade marks have become so embedded in our lives that they’ve become shorthand for the thing itself. Think of a tick, a swoosh, or even a silver lady on a car bonnet. Instantly, you know exactly what you’re getting. That’s the power of a trade mark, and it’s the foundation every iconic brand is built on.”
Kelly Saliger, president of the Chartered Institute of Trade Mark Attorneys (CITMA), said the application surge confirmed the UK’s continuing pull as a centre of enterprise. “Brand recognition is a powerful asset, and a registered trade mark protects it, acting as a marker in the sand that warns other businesses to steer clear, and giving the owner the means to take action against those who come too close.”
Rolls-Royce, whose Silver Ghost was officially dubbed “the best car in the world” in 1913, has long since transcended the motor industry. Julian Jenkins, director of sales and brand at Rolls-Royce Motor Cars, said the result reflected the way the marque had become “a global shorthand for the best of the best in any field”. Matthew Hill, head of intellectual property at Rolls-Royce plc, added that the recognition acknowledged the company’s “continuing commitment to powering, protecting and connecting people everywhere”.
Radio Caroline, the offshore station that sailed into broadcasting history from the North Sea in 1964 and was finally registered as a trade mark in 1992, was second on the list. Station manager Peter Moore said the recognition was “a testament to our past, present and future”, while listeners reminisced about passing O-Levels to its broadcasts.
Twinings, which has traded from the same Strand address since 1706 and registered its mark in 1908, was third. Chief brand officer Heather Hartridge said the logo was “more than just a logo, it is a symbol of the craftsmanship, expertise and care that goes into every blend”.
Cadbury, first traded in 1824 and registered in 1886, was fourth. Equity marketing director Phil Warfield said the brand’s “iconic glass and a half” remained “a promise to our customers for generations”. Ewa Chappell, legal and corporate affairs director at Budweiser Brewing Group UK/Ireland, current custodians of Bass, noted that the original red triangle had been “copied so often that it proved just how powerful the demand for Bass truly was”.
Burberry’s check, born in the trenches of the First World War, made the list alongside the Transport for London roundel, first protected in 1917. TfL customer director Emma Strain said the symbol had “guided Londoners and visitors safely through the capital as a trusted and globally renowned emblem” for more than a century.
Calpol, the small bottle that has soothed generations of feverish children, sat eighth, with one parent describing it simply as “the first thing you reach for at 3am”. Mini, the diminutive motor that defined British car-making from 1959 onwards, was ninth. Head of MINI Jean-Philippe Parain said the brand “continues to stand for timeless design, go-kart handling, and distinctive personality”. The BBC completed the top ten.
When the 1875 Act took effect, applications arrived by post, were entered by hand, and could only protect marks used on physical goods. Today’s register tells a rather different story. Services as well as goods are covered, and registrable marks now include holograms, motion marks, multimedia marks and patterns of light. Applications cover categories that would have bewildered a Victorian clerk, from snack products derived from insects and edible ant larvae to wearable smartphones, humanoid robots, downloadable virtual handbags, and perfumes for use in virtual worlds.
For SMEs, the practical message is that trade mark protection has never been more accessible, or more strategically important. Registration costs a fraction of the goodwill it preserves, lasts for ten years and can be renewed indefinitely, providing the legal armoury to defend brand value as businesses scale.
After 150 years, Britain’s trade mark system has, in the IPO’s own words, “no sign of standing still”. For the small businesses building tomorrow’s iconic brands, that should be a reassuring thought.
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