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

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.

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.

“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”.

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. 

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

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.

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.

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

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.

“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 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.

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.

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.

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.

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.

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

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.

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.

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.

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.”

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.

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.

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.

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.

OpenAI‘s Codex, the company’s AI-powered coding assistant, was reportedly experiencing connectivity and access issues for some users early Tuesday, with outage tracking services and user reports pointing to intermittent disruptions affecting the tool’s desktop application and related services.

According to outage tracking site StatusGator, 21 user-submitted reports of problems with Codex were logged over a 24-hour period ending Monday evening, with the platform describing OpenAI as experiencing a partial outage at the time. The social media account Status Is Down flagged the issue early Tuesday morning, asking followers whether they were affected and using the hashtags #OpenAI, #OpenAIDown, #Codex and #CodexDown as reports of the disruption circulated online.

Multiple users also reported problems directly on OpenAI’s GitHub issue tracker for the Codex project throughout the day Monday and into Tuesday. Several issues logged by developers described connectivity problems affecting the Codex desktop application, including disconnection errors related to networking and endpoint connectivity, as well as separate issues involving the tool’s integration with Model Context Protocol servers, a framework Codex uses to connect with external tools and data sources. Additional reports cited problems with tool-calling functionality and issues specific to the Codex application running on Windows systems.

OpenAI’s official status page acknowledged ongoing issues tied to its systems, though the company’s most recent public update focused specifically on disruptions affecting FedRAMP workspaces, a designation for cloud environments that meet federal government security compliance standards. According to that update, OpenAI said core functionality had been restored following an earlier disruption, but noted continuing issues affecting Codex, workspace analytics, conversation search, the ability to search for custom GPTs, ChatGPT user invites, and the Compliance Logs Platform download feature specifically within FedRAMP-designated environments. The company said it was continuing to work on resolving those remaining issues and would provide further updates as more information became available.

The disruption adds to what has been a bumpy stretch for Codex’s reliability in recent weeks. According to outage history compiled by StatusGator, OpenAI has logged a series of warning-level service disruptions on nearly a daily basis over the past several weeks, including periods of degraded service lasting anywhere from several hours to a full day at a time between late June and early July. One previously resolved incident specifically affecting Codex and related FedRAMP services lasted approximately five hours and 48 minutes, beginning in the early morning hours of July 1.

Codex has also experienced a range of other technical issues in recent months unrelated to Tuesday’s reported disruption. According to incident logs maintained by monitoring service IncidentHub, Codex has dealt with several previously resolved issues over the past few weeks, including a period in late June when usage limits within Codex appeared to deplete faster than expected, along with earlier incidents involving access token errors, a “Selected Model is at Capacity” error message, elevated error rates specifically affecting the GPT 5.5 model within Codex, and increased latency during a process the company refers to as Codex compaction.

OpenAI has periodically addressed broader Codex-related errors through its own developer community forum in the past, acknowledging increases in error rates and confirming that engineering teams were actively working to resolve underlying issues as quickly as possible. The company has generally directed users to its official status page for real-time updates during periods of degraded service, a practice that appeared to continue during Tuesday’s reported disruption.

Codex, first introduced by OpenAI as an AI coding tool designed to help developers write, debug and manage code through natural language prompts, has become an increasingly central part of the company’s broader product lineup as demand for AI-assisted software development tools has grown across the technology industry. The tool is available both through a web interface and as a downloadable desktop application, with additional integrations available through command-line interfaces used by many professional software developers.

Outage tracking services generally caution that reported issue counts reflect self-submitted user data and public signals such as social media activity, meaning the true scope of any given disruption can sometimes differ from the volume of individual reports logged at a particular time. Even so, the combination of user reports on GitHub, social media posts flagging the outage, and OpenAI’s own acknowledgment of ongoing technical issues within certain workspace environments suggested that at least some portion of Codex’s user base was experiencing meaningful disruption to the service as of early Tuesday.

For affected users, common troubleshooting steps recommended by technical support resources typically include checking OpenAI’s official status page for the most current information, verifying internet connectivity, restarting the Codex application, and, where relevant, checking whether an issue is isolated to a specific integration such as an MCP server connection rather than reflecting a broader outage of the underlying service. Developers experiencing persistent issues are generally encouraged to file detailed reports through OpenAI’s GitHub repository, where the company’s engineering team can track and triage individual bug reports alongside broader service-wide disruptions.

As of Tuesday morning, OpenAI had not issued a comprehensive public statement addressing the full scope, cause or expected resolution timeline for the reported Codex disruptions occurring outside the FedRAMP environment specifically referenced in its most recent status update. The company’s history of frequent, relatively short-duration service warnings over the preceding weeks suggests that intermittent disruptions of this kind have become a recurring, if generally short-lived, feature of Codex’s operation as OpenAI continues to scale the tool’s usage among a growing base of developers relying on it for day-to-day coding tasks.

Users experiencing ongoing problems with Codex are encouraged to monitor OpenAI’s official status page at status.openai.com for the most current information, as the company works through what appears to be a mix of both newly reported connectivity issues and previously acknowledged, more narrowly scoped disruptions affecting specific workspace configurations. Given the pattern of past incidents, similar disruptions affecting Codex have historically been resolved within a period ranging from several hours to roughly a day, though OpenAI has not provided a specific timeline for full resolution of Tuesday’s reported issues as of this report.

In volatile markets, the gap between people who last and people who blow up rarely comes down to who picks the best opportunities.

It comes down to how they handle risk. Cryptocurrency — one of the most volatile asset classes in existence — makes this lesson unusually clear: traders who ignore risk management tend to disappear quickly, while those who respect it survive long enough to let good decisions compound. The principles behind that discipline are not unique to crypto. They apply to any investor, founder, or business managing exposure to an uncertain market.

Survival comes before being right

The first job of any serious market participant is not to make money — it is to avoid catastrophic loss. The mathematics are unforgiving: a 50% loss requires a 100% gain just to break even, and a 90% loss requires a tenfold return. This asymmetry is why experienced traders treat capital preservation as the foundation of everything else. Good risk management isn’t about predicting the future; it’s about making sure that being wrong — which happens to everyone — never ends the game. In a market that can move 10% or 20% in a single day, that mindset is not optional.

Position sizing: the quiet core of the discipline

If risk management has one most important habit, it is position sizing — deciding how much of your capital to put behind any single idea. The professional approach is to define, in advance, the maximum you are willing to lose on one position, commonly one to two percent of your account, and then let that figure determine the size of the trade. It is a subtle inversion of how beginners think: instead of asking “how much could I make,” you start with “how much can I afford to lose.” Tools such as a position size calculator make this straightforward, translating your risk tolerance and stop distance into a precise position size. Done consistently, it ensures no single mistake can do lasting damage.

Define your downside before you enter

Alongside sizing, disciplined traders decide their exit before they enter. A predefined stop-loss caps a loss at a level you chose calmly, rather than one forced on you in a panic. This matters even more when leverage is involved: borrowing to amplify a position amplifies the losses just as fast, and can turn ordinary volatility into a threat to your entire stake. Whatever the instrument, knowing your worst-case outcome in advance is what separates calculated risk from gambling.

The lessons travel well beyond crypto

Strip away the jargon and these principles describe sound financial management anywhere. Don’t concentrate everything in one bet. Keep reserves for when conditions turn. Size your exposure to what you can afford to lose, not to what you hope to gain. And treat emotional discipline — resisting the urge to chase gains or to freeze in a downturn — as a skill worth practising. Crypto simply teaches these lessons faster, and more painfully, than most markets, because its swings leave so little room for error. For any business owner or investor weighing an uncertain opportunity, the first question worth asking is not how much there is to win, but how much there is to lose — and whether the balance sheet could withstand it.

Volatility isn’t going away, in crypto or anywhere else. But it is survivable, and even useful, for those who put risk first. The market participants who endure are not the ones who never lose; they are the ones who make sure a loss is never fatal. That is a lesson worth borrowing, whatever you invest in.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. All investing and trading carries risk, including the loss of capital; always do your own research.