The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will keep interest rates at 0.5% until next year, an influential report says.

Savers will receive free independent guidance as part of a move to give unfettered access to their pension funds from next year, the government says.

Chinese telecom equipment and smartphone maker Huawei reports a 19% jump in sales to 135.8bn yuan ($21.9bn; £12.8bn) for the first six months of the year.

Tesco says chief executive Philip Clarke will leave the company in October as the retail giant issues a profit warning.

A Sainsbury's superstore comes off the National Grid, to be powered directly by electricity generated from its own food waste.

The FTSE 100 falls, with tobacco shares losing ground after news that a US court has ordered RJ Reynolds Tobacco to pay $23.6bn.

Sky has bought a 70% stake in the production company behind programmes such as The Great British Bake Off and Benefits Street.

Authorities in Shanghai suspend the operations of a meat supplier suspected of selling expired meat to fast food chains including McDonald's and KFC.