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Ochre founder Joanne Pellew convicted

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Ochre founder Joanne Pellew convicted

The founder of WA labour hire company Ochre Workforce Solutions is facing years in prison after being convicted of several offences following an ASIC investigation.

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Freedom Holding Corp. Takes Investing To a New Level of Personalization and Real-Time Intelligence

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Freedom Holding Corp. Takes Investing To a New Level of Personalization and Real-Time Intelligence

Today, AI can take on a growing share of almost any task. Investing is no exception. Markets move fast, data is scattered across multiple platforms, and manual analysis often can’t keep up.

Increasingly, the advantage lies with investors who can automate the collection, organization, and analysis of information. It should be the perfect job for AI. But services like ChatGPT or Claude don’t know what’s happening inside your brokerage account. They can’t see your portfolio, open positions, or trading history. To work with that information, AI first needs a secure way to connect to a brokerage platform through an API. More financial firms are offering these connections, and Freedom Broker is one of them.

Plug AI in

An API, short for Application Programming Interface, sounds more complicated than it really is. Think of it as a secure digital connection that allows two applications to exchange information. In this case, it lets AI services like ChatGPT or Claude communicate with a brokerage account with a client’s permission and without giving the AI a username or a password.

In practice, the API serves as a bridge between Freedom Broker’s trading platform and the AI. Instead of switching between trading terminals, spreadsheets, websites, and news feeds, investors can retrieve and analyze everything from a single conversation.

Getting started is simple. Clients simply generate an API key in their Freedom Broker account, connect it to the application or AI service they want to use, and authorize access to the data they choose to share.

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Let It Help

Once connected, the API allows external applications to securely retrieve data from the brokerage platform and automate a wide range of investment workflows.

Depending on the permissions granted by the client, AI can analyze portfolio performance, review transaction history, track market quotes, monitor price levels, generate alerts, and combine brokerage data with publicly available market information to provide faster, more in-depth analysis, eliminating the need to manually handle data.

AI integration via an API shapes the investor’s experience based on their goals, data, and decision context, rather than a common approach to information. For example, Freedom Broker clients can do all the analysis directly from a Claude chat. It can retrieve necessary information from Freedom’s systems and external sources and perform the required actions.

This is where investing shifts from a shared system to a truly individual one.

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Inside the Broker

The development of the API is part of Freedom Broker’s broader push to expand its technology-driven services.

This tech strategy also includes infrastructure for crypto-based funding and withdrawals, allowing clients to transfer funds between digital assets and brokerage accounts with automatic conversion into traditional currencies. The service supports major cryptocurrencies, including BTC, ETH, USDT, and USDC.

As part of Freedom Holding Corp., the brokerage business operates through a multi-entity structure. In Kazakhstan Freedom operating under the Freedom Broker brand, provides access to both regional and international markets. Its brokerage infrastructure covers Kazakhstan through local exchanges such as KASE and AIX, while also enabling access to global markets including NYSE, NASDAQ, the London Stock Exchange, HKEX, and Xetra. As of June 1, 2026, the company reported 858,000 active client accounts. The brokerage business remained Freedom Holding Corp.’s largest revenue contributor in fiscal 2026, generating $832 million in revenue.

Being part of the global NASDAQ-listed fintech group Freedom Holding Corp., the brokerage division operates beyond Kazakhstan across Europe and Turkey and has recently obtained regulatory approval to work in the United Arab Emirates. Alongside banking, brokerage remains one of the main growth engines of the group, whose other business lines include lifestyle services, telecom, and media segments, with approximately 11 million clients across the whole ecosystem.

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IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E

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IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E
IIFL has initiated coverage on Adani Power with a target price of Rs 240, compared to current market price of Rs 220 and estimated EBITDA to quadruple by FY33-35E.

The brokerage in a report said that its SoTP-based 12-month target price of Rs 240 per share values Adani at an implied FY28E EV/Ebitda of 20x, above the coverage median of 11.1x, reflecting its faster growth and superior profitability.


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It further highlighted that with a large growth pipeline, industry-leading execution, and complementary group renewables and energy-management businesses, Adani is estimated to quadruple EBITDA by FY33-35E.

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While 60%+ of the fair value rests on unexecuted projects and the stock trades at a rich 4.6x FY28E P/BV, IIFL thinks that its industry-leading asset base and cash-flow profile justify the growth optionality. The brokerage initiated coverage with a ‘Buy’ rating.

The report said that Adani is building 23.7GW of new coal capacity (more than NTPC’s pipeline of 17GW) that will more than double its 18GW operating base. It is expected that Adani’s free cash flow from operations will rise from Rs 170 billion in FY26 to Rs 570 billion on full portfolio buildout, with optionality from planned moves into nuclear (10GW capacity target by 2035) and hydro (5GW JV with Druk Green Power, Bhutan) as well.
The customer base is also expected to expand beyond DISCOMs, foraying into firm power supply to C&I customers.
A 20% EBITDA CAGR is forecasted over FY26–29E as some under-construction projects commission, making it among the fastest-growing non-renewable power gencos in India. The downside risks include execution delays, failure to sign PPAs, weak spot tariffs, competition from battery storage.
Adani Power is India’s largest private sector thermal power generation developer & operator, with an installed capacity of 18.2GW across a portfolio of pit‑head and coastal power plants. Its geographic mix and locational diversity provide it fuel flexibility, allowing it to source through a combination of domestic coal linkages, e-auctions, and imported coal.

The report further said that the company is now adding 23.7GW of organic thermal capacity (all ultra supercritical/supercritical). PPAs have already been secured for 56% of this pipeline, underpinning medium-term revenue visibility; the balance is expected to be tied up progressively or to operate merchants until contracted.

Also Read | International funds outperform domestic funds with 37% one-year returns. Should investors chase rally or wait for correction?

According to IIFL, Adani’s operational portfolio (including highly value accretive acquired assets) is valued at 4.1x FY28E P/BV, driven by high RoE and backing of long term PPA certainty. Under construction portfolio for which the company has secured PPAs is valued at 2.4x FY28E P/BV, benefitting from low capex per GW secured by early equipment price lock-in and attractive PPA tariffs.

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The under construction portfolio awaiting PPAs is valued at 1.8x, for the current uncertainty. However, the relatively low fixed cost base positions it favorably both, in securing PPAs and in the merchant market. Investments & optionalities cover Adani’s nuclear, hydro and C&I forays along with minority investments. Further, the brokerage firm also ascribes a merchant premium to the fleet, factoring the flexibility it will offer to the grid in a renewable-heavy setup in future.

(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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Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works

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Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works
Shares of wires and cable-maker V Marc India turned ex-bonus on Tuesday, making the ace investor Ashish Kacholia-backed stock appear to have crashed 81% in a single day when in reality it only adjusted for the 5:1 bonus issue.

Shares of V Marc India opened at Rs 291.50 apiece on NSE, sharply lower than Monday’s closing price of Rs 1,568.30 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

The stock gained more than 16% to trade at Rs 303.45 apiece after adjusting for the bonus issue, as seen at 11.30 am.

All about V Marc India’s bonus issue

V Marc India announced in May that its board of directors considered and approved the plan to issue bonus shares in the ratio of 5:1. This means that an eligible shareholder will get 5 new bonus shares with a face value of Rs 10 each, for every share held in the company as on the record date, which was fixed on July 7.The cable maker proposed to issue 12.21 crore shares out of its free reserves or share premium as available on March 31, 2026, which stood at more than Rs 143 crore. “The bonus issue shall be implemented within two months from the date of the meeting of its board of directors wherein the decision to announce the bonus issue was taken subject to shareholders’ approval through Postal Ballot,” the company had said.

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This marks the company’s first ever bonus issue. A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.
Also Read | Bonus issue alert! This Ashish Kacholia-backed multibagger stock to reward shareholders with 5:1 bonus issue. Do you own?

V Marc India shareholding pattern

Ace investor Ashish Kacholia owned 2.71% stake in V Marc India, as per data on the company’s shareholding pattern as on March 31, 2026. At the previous closing price of Rs 1,546.35 apiece on NSE, his total stake in the company would be worth more than Rs 102 crore.Around 2,331 retail shareholders held nearly 14% stake in the company as at the end of the financial year 2026. Promoters and promoters meanwhile held nearly 65% stake.

V Marc India share price

V Marc India shares have jumped around 133% in 2026 so far. In the longer term, the shares of the cable maker have delivered stellar returns of 277% in one year, 1,867% in three years and 4,559% in five years.

The shares have gained around 1.5% in one week and nearly 4% in one month. The company had a market capitalisation of nearly Rs 3,834 crore at the end of Monday’s trading session.

Also Read | Bonus issues, stock splits & dividends | Titan, JSW Steel among 49 stocks turning ex-date this week. Do you own any?

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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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Pasty shop near Bristol Temple Meads station up for sale after 22 years

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The shop was opened in the railway arches in 2004 and has been there ever since

The Pasty Emporium on Oxford Street in Bristol

The Pasty Emporium on Oxford Street in Bristol(Image: Christie & Co)

A pasty shop near Temple Meads station in Bristol has been put up for sale after 22 years. The Pasty Emporium was opened in the row of old railway arches on Oxford Street in 2004 and has been trading there ever since.

Its owner, Jonathan Pearce is understood to be looking to retire and the shop has been put on the market for a leasehold asking price of £175,000, with an annual rent of £25,200 including VAT.

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The Pasty Emporium sells hot and cold Cornish pasties, which are hand-crimped in Cornwall and baked in Bristol, alongside pies, paninis, sandwiches, snacks, fresh coffee, teas and cold drinks.

Mr Pearce said: “It has been an amazing 22 years running The Pasty Emporium, being able to work sociable hours in a central Bristol location. I have made many friends with many customers during my time here, however, the time has now come to retire.”

Specialist property advisory firm Christie & Co has been instructed to market the shop for sale.

Matthew McFarlane, senior business agent – retail and leisure at Christie & Co, who is managing the sale process, said: “It is a pleasure to have been trusted by Jonathan to look after the sale of his business, which he has nurtured since its conception.

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“This is a thriving business with consistent trade and profitability, making an excellent opportunity for anyone looking to get into the industry or wanting to grow their current portfolio.”

The news comes a month after hundreds of people signed a petition calling for the pedestrianisation of the railway arches along Oxford Street.

The location is well-loved spot for an after-work drink, but the pavement running alongside the arches is narrow and often obstructed by parked cars and vans, while the road itself is wide but sees relatively little traffic.

A growing movement is now pushing for a transformation of that stretch of Oxford Street, with campaigners keen to see it become a “vibrant, people-friendly high street”.

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States seek $1.4 trillion from Meta over social media addiction trial

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Meta lobbies lawmakers for immunity from child harm lawsuits: report

Four states are seeking $1.4 trillion in penalties from Meta over claims that the social media giant designed Facebook and Instagram to be addictive to children and withheld information from the public about the harms the apps pose to young users, Meta said in a court filing on Monday.

The case is being brought by California, Colorado, Kentucky and New Jersey. Meta disclosed the trillion-dollar figure in its response to the attorneys general filings on how penalties should be calculated if the states win at the trial set to begin next month in Oakland, California. 

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The company said the number, which is near Meta’s market capitalization of around $1.5 trillion, was not supported by the evidence.

“A sanction of that size has no analog in the history of consumer protection enforcement,” the company said in the filing.

JUDGE LETS STATES PURSUE CLAIMS THAT META DESIGNED FACEBOOK AND INSTAGRAM TO ADDICT CHILDREN

Teenager on Instagram

Meta said four states are seeking $1.4 trillion in penalties from the company over claims that the social media giant designed Facebook and Instagram to addict child users. (Getty Images / Getty Images)

Fox Business reached out to Meta for further comment.

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The states’ filings are sealed, but they said during a hearing last month that they were calculating the penalties by multiplying the number of violations by fine amounts established by state law. They said the number of violations is based on the estimated number of young users impacted by Meta’s social media platforms.

Nearly 30 states have sued Meta in federal court, with most of them claiming the company violated the federal Children’s Online Privacy Protection Act by collecting data from children without proper parental consent.

The trial will address all claims brought under that law, as well as the four states’ allegations that the tech giant violated their state laws aimed at protecting consumers by misleading the public about the safety of their platforms.

Meta has denied the allegations, saying the attorneys general lack ‌evidence that it ⁠misled the public about its platforms’ alleged addictiveness since social media addiction is not an established psychiatric condition.

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The company has also pushed back on accusations that it violated the Children’s Online Privacy Protection Act because it marketed Facebook and Instagram to a wider audience and not only children under 13.

GOOGLE’S YOUTUBE REACHES SETTLEMENT IN LAWSUIT ALLEGING CHILD SOCIAL MEDIA ADDICTION

Meta

Nearly 30 states have sued Meta in federal court. (Photo Illustration by Onur Dogman/SOPA Images/LightRocket via Getty Images / Getty Images)

Another 14 states have brought claims under their own laws, which will be heard at a separate trial next year.

Late last month, U.S. District Judge Yvonne Gonzalez Rogers rejected Meta’s bid to dismiss the case, saying factual disputes remained over whether its social media platforms were addictive, whether ​the company falsely denied it designed them that way and whether it “partially” marketed the platforms ​towards children.

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“We strongly disagree with these allegations and are confident the evidence will show our longstanding commitment to supporting young people,” a Meta spokesperson said in a statement to Fox Business at the time.

A smartphone showing Mark Zuckerberg’s image is held in front of a computer screen with the Meta logo.

A trial is set to begin next month in Oakland, California, in a case brought by California, Colorado, Kentucky and New Jersey. (Arda Kucukkaya/Anadolu via Getty Images / Getty Images)

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Meta, Snapchat, YouTube and TikTok are facing thousands of lawsuits in both federal and state court over allegations they knowingly designed their platforms to be addictive to young users, contributing to a mental health crisis.

New Mexico was the first state to go to trial, with a jury awarding it $375 million in March after finding Meta had misled consumers in the state.

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A judge in New Mexico is also weighing the second portion of the state’s case, which asks for additional damages and a court order instructing the company to make changes to Facebook, Instagram and WhatsApp.

Reuters contributed to this report.

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Netwealth Group Shares Jump 7% as Wealth Platform Rebounds Following Recent Share Price Weakness Today

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ASX 200 Top Gainers: Telix Pharma Jumps 3.23% on FDA

Shares of Netwealth Group Ltd climbed sharply Tuesday, with the Australian wealth management platform trading at $24.555, up $1.665, or 7.27 percent, marking a notable rebound for a stock that has traded well below levels reached earlier in the current financial year.

The move brings some relief to a stock that has fallen considerably from the roughly $30.64 level it traded at in October 2025, and further still from its 52-week high of $38.30, according to data from Investing.com. No single confirmed company announcement has been identified as the specific driver of Tuesday’s gain, though the rebound comes against a backdrop of generally constructive analyst sentiment and a business that has continued to post record growth in its underlying financial metrics over recent reporting periods.

Netwealth, founded in 1999 and headquartered in Melbourne, operates a digital wealth management platform used by financial advisers, private clients and high-net-worth firms across Australia. The company’s core business spans superannuation products, investor-directed portfolio services, managed accounts, managed funds, and administration services for self-managed superannuation funds, positioning it as one of the country’s more established independent players in the wealth platform sector.

The company’s most recent half-year results, covering the first half of fiscal 2026, showed continued strong momentum across its core operating metrics. According to data from GuruFocus, Netwealth reported record inflows of $16.6 billion during the period, resulting in net flows of $8.2 billion for the half-year. The company’s total funds under administration climbed 23.6 percent to $125.6 billion, while total income rose 24.7 percent to $193.8 million and earnings before interest, tax, depreciation and amortization increased 23.9 percent to $96.7 million. The company also declared an interim dividend of 21 cents per share, a 20 percent increase from the prior year, reflecting a payout ratio of 75 percent.

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Netwealth’s so-called “Rule of 40” score, a common industry metric combining revenue growth and profit margin used to assess the health of platform and software-style businesses, stood at 74.6 percent during the reporting period, the second highest among companies in the S&P/ASX 200 index, according to GuruFocus data, underscoring the strength of the company’s underlying growth trajectory even amid recent share price softness.

Despite that operational strength, Netwealth has faced some headwinds tied to the broader regulatory environment governing Australia’s wealth management and superannuation sector. According to GuruFocus, the company has had to navigate compensation payments related to the collapse of First Guardian, a separate financial entity, alongside ongoing pressure from regulatory compliance requirements that could contribute to increased costs and operational adjustments going forward. The company also reported some pricing compression during the half-year period, with a modest decrease in revenue margins attributed to broader market movements and shifting pricing tiers within its fee structure.

Speaking on the company’s earnings call, chief financial officer Hayden Stockdale addressed questions about the company’s forward margin and capital expenditure outlook, saying the company expects to maintain a margin of roughly 49 percent for fiscal 2026, while noting that budget plans for fiscal 2027 had not yet been finalized. Stockdale pointed to the company’s strong operating leverage as a factor that should naturally support further improvement in its EBITDA margin over time, even as specific longer-term guidance remained limited.

Analyst sentiment toward Netwealth has shown some signs of improvement in recent periods. According to Investing.com, JPMorgan upgraded its rating on Netwealth from Underweight to Neutral, while also significantly raising its price target on the stock, a shift that reflects a somewhat more constructive view of the company’s prospects following its recent operational performance. More broadly, data compiled by StockAnalysis.com shows an average “Buy” rating across 16 analysts covering the stock, with a 12-month price target of $27.12, implying meaningful potential upside from Tuesday’s trading level, though such estimates are subject to revision based on the company’s ongoing financial performance and broader market conditions.

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Simply Wall St’s analysis of the company has highlighted a mix of both opportunities and risks facing Netwealth going forward. On the positive side, the platform’s enhanced digital capabilities, growing adviser productivity, and expanding product offerings have been cited as factors supporting sustained platform growth and new revenue opportunities, alongside improved operating leverage and adviser relationships that support recurring income and long-term earnings resilience. Some analysis has also pointed to Netwealth’s potential to benefit from rapid artificial intelligence adoption and platform scalability, along with the broader generational transfer of wealth occurring across Australia, both of which could offer opportunities for the company to gain further market share through continued technology innovation.

At the same time, other analysis has flagged potential risks to Netwealth’s longer-term growth trajectory, including rising compliance costs, ongoing fee compression across the wealth management industry, and increasing technology-driven competition, all of which could put pressure on the company’s profit margins over time. Some observers have also pointed to broader structural shifts within the investment industry, including a continued move toward passive investing strategies and the emergence of decentralized finance platforms, as potential long-term threats that could bypass traditional wealth management platforms like Netwealth’s if those trends continue to accelerate.

Netwealth currently has a market capitalization of approximately $7.52 billion, according to Investing.com, and reported earnings per share of $0.48 on a trailing basis. The stock carries a dividend yield of roughly 1.26 percent and has traded within a 52-week range of $19.96 to $38.30, reflecting the considerable volatility the stock has experienced over the past year even as its underlying business metrics have continued to show consistent growth across funds under administration, revenue and profitability.

With Tuesday’s gain helping to partially reverse some of the stock’s recent underperformance, investors are likely to continue watching closely for further updates on Netwealth’s regulatory obligations tied to the First Guardian matter, along with any additional guidance the company provides regarding its margin outlook and capital expenditure plans heading into the second half of fiscal 2026 and beyond.

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European shares flat as AI caution prevails; focus on defence stocks

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European shares flat as AI caution prevails; focus on defence stocks

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ICF International: The Worst Of The Federal Meltdown May Be Over

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ICF International: The Worst Of The Federal Meltdown May Be Over

ICF International: The Worst Of The Federal Meltdown May Be Over

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House prices in South of England fall while North sees growth

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The cost of UK property edged upwards overall in June as mortgage rates began to ease

A woman looking at houses for sale

A woman looking at houses for sale(Image: David Cheskin/PA Wire)

House prices in Southern England declined over the year while properties in the North continued to edge upwards, a new report has found.

The price of UK homes rose in June as mortgage rates began to ease following a sharp surge triggered by the Iran war. The average property price climbed by 0.2 per cent in the month to £299,330, reversing a 0.2 per cent decline recorded in May, according to the Lloyds house price index.

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Fears over inflation and expectations of higher interest rates stemming from the Middle East conflict have knocked confidence in the property market in recent months, though lenders have started trimming their mortgage rates over the past few weeks.

Swindon-headquartered building society Nationwide cut its home loan rates on two separate occasions last month, as US-Iran peace talks helped to ease inflationary concerns.

Lloyds noted that softening borrowing costs are helping to nudge house prices back up, with June marking the first monthly price increase in four months, as reported by City AM.

The annual rate of price growth also ticked higher to 0.6 per cent, while a 0.8 per cent rise in prices for first-time buyers pointed to a recovery in demand, Lloyds said.

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Amanda Bryden, head of mortgages at Lloyds, said: “While affordability remains stretched for many buyers, mortgage rates have eased from their recent highs, offering some encouragement to those considering a move.”

Although mortgage approval rates fell in May, Lloyds attributed this to the earlier spike in borrowing costs, adding that activity should recover as mortgage rates continue to decline.

“Looking ahead, we expect the housing market to continue moving at a measured pace. Lower borrowing costs should provide some support for demand, though affordability constraints remain an important factor,” Bryden added.

South subdued while North sees growth

Property markets across southern England remained subdued compared with other parts of the country, however.

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Average prices dropped by two per cent to £381,654 in the South East and and by 1.3 per cent to £299,532 in the South West.

England’s northern regions once again lifted the national average increase, with prices rising by 2.8 per cent to £181,133 in the North East and by 2.4 per cent to £248,218 in the North West.

Jonathan Hopper, chief executive of Garrington Property Finders, said: “In southern areas a glut of supply is attracting too few serious buyers, and this is steadily driving prices down. Buyers are often able to ask for, and get, reductions on the asking price. Sellers putting their home on the market now must rein in their price expectations or risk seeing it languish unsold.

“In the north the forces of supply and demand are more balanced, and this is helping prices to rise steadily. The north’s rate of growth could accelerate further under a Burnham premiership, and buyer sentiment here is already lifting at the prospect of huge government investment and job creation.”

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BTS Fans Protest in Chile After Government Blocks Sold-Out Concerts at Santiago’s National Stadium This Week

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BTS.

SANTIAGO, Chile — Hundreds of BTS fans took to the streets of the Chilean capital Sunday to protest a government decision blocking the K-pop group’s three sold-out concerts scheduled for October at Santiago’s Estadio Nacional, a dispute that has drawn political criticism and prompted authorities to reopen discussions over the venue.

Chile’s National Sports Institute, known by its Spanish acronym IND and responsible for approving use of the national stadium, rejected the group’s request to hold its “Arirang” world tour concerts at the venue on October 14, 16 and 17. Officials cited technical concerns, saying the tour’s elaborate 360-degree stage setup would place a load of roughly 600 tons on the stadium’s playing field, potentially damaging the surface and disrupting other sporting events scheduled at the venue afterward. The institute also raised concerns about the mitigation plan submitted by concert promoter DG Medios, saying it failed to meet the technical standards required to protect the stadium’s field and infrastructure.

Sports Minister Natalia Duco, a former Olympian, addressed the decision in an interview with Chilean broadcaster 24 Horas, explaining that the promoter’s proposal did not adequately safeguard the country’s main sports venue. Duco also said the decision does not represent a permanent cancellation of the concerts, proposing alternative locations including the esplanade at National Stadium Park and Cerrillos Park. However, neither of those alternative sites is capable of accommodating the more than 48,000 attendees expected at each show, a fact that effectively left fans with no clear indication of when or where the concerts might actually take place.

All three shows had already sold out, with an additional October 14 date added after tickets for the original October 16 and 17 performances sold out quickly in April. That sellout status, combined with the abrupt nature of the rejection, fueled significant frustration among fans who had already made travel and financial plans around the concerts.

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On Sunday, hundreds of members of BTS’ fandom, known as Army, marched through Santiago toward La Moneda, Chile’s presidential palace, wearing purple outfits and carrying purple balloons while singing the group’s songs. Protesters held signs reading messages such as “BTS to the National Stadium,” and demonstrations were reported to have taken place simultaneously in 11 cities across the country, according to reporting from StarNews.

Fan Juan Bugueño, speaking to reporters at the protest, expressed frustration with the government’s handling of the situation, saying, “We want answers from the government and the Minister of Sports.” Another protester, identified only as Francisca, described the emotional weight of the situation, saying the concert represented years of saved money and a long-awaited dream now at risk of being taken away.

The controversy has also drawn political attention beyond the fan community itself. Alejandro Bernales, a member of Chile’s Freedom Party, criticized the decision publicly, arguing that blocking the BTS concerts carries negative consequences for Chile’s economy and international image. Opposition politicians and some fans have accused the government of using the technical explanation to divert public attention from unrelated domestic political issues, though officials have maintained the decision was based solely on protecting the stadium’s infrastructure rather than any political consideration.

Following the weekend demonstrations, the Chilean government appeared to soften its position. Officials indicated they were now reviewing the matter based on what they described as new technical information, suggesting the door remains open for the concerts to eventually proceed at the National Stadium if a workable solution can be reached between the government and concert organizers. Some reports have also noted that the National Sports Institute has separately requested an additional payment of roughly 1.9 billion won, or approximately $1.4 million, beyond the standard stadium rental fee, intended to support national sports programs, a detail that has added further complexity to the ongoing negotiations.

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Fans and some commentators have suggested potential compromises that could address the stadium’s concerns while still allowing the concerts to proceed, including having the concert organizer fully restore the stadium’s grass field following the performances. Whether such a proposal would satisfy the National Sports Institute’s technical requirements remains unclear, and no final resolution had been announced as of the latest reporting.

The dispute comes as BTS continues an extensive global stadium tour featuring the same 360-degree stage configuration at the center of the Chilean controversy. The tour spans 34 cities worldwide and is scheduled to continue through Europe before moving to North America in August. At the time the Chilean dispute unfolded, the group was performing back-to-back shows in London at Tottenham Hotspur Stadium, continuing a run of major stadium performances that have accompanied the release of the group’s “Arirang” album and associated world tour.

Neither HYBE nor BigHit Music, the entertainment companies that oversee BTS’ activities, had issued a formal public statement addressing the Chilean venue dispute as of the most recent reporting, according to Manila Bulletin, which noted it had reached out to both companies for comment without receiving a response.

The episode has also generated significant attention within South Korea itself, with fans and social media users there expressing solidarity with Chilean supporters of the group, many of whom had already purchased tickets, booked travel and made other arrangements months in advance of the scheduled shows. Some Korean fans have questioned how officials could revoke stadium approval after all three performances had already sold out, given that ticket sales had proceeded for months without any prior indication that the venue’s approval remained unresolved.

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With Chilean authorities now indicating a willingness to revisit the decision based on new technical information, the ultimate outcome of the dispute remains uncertain. Fans in Santiago and around the world continue to await further updates on whether the October concerts will proceed as originally planned at the National Stadium, be relocated to an alternative venue, or face further delays as officials and concert organizers work to resolve the underlying technical and logistical concerns that triggered the initial rejection.

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