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  Morrisons says it is to shut "loss-making" convenience stores, placing hundreds of jobs at risk.

• Fuel sales collapse as Iran war costs knock savings

  A growing number of UK households are dipping into savings as rising costs linked to the US-Iran war pile pressure on family budgets, according to a closely-watched survey as official figures chart a collapse in fuel sales.

• Back to the future as Rachel Reeves fires up summer spending reminiscent of Rishi Sunak's COVID scheme

  Rachel Reeves' Great British Summer Savings, a family-friendly bundle of VAT cuts for kids' meals and leisure attractions, and free bus travel to get to there, is reminiscent of a previous Treasury wheeze intended to lift spirits in a troubled summer - think Eat Out To Help Out, without social distancing or gnawing anxiety.

• SpaceX targets record flotation that could make Musk a trillionaire

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• Zuckerberg warns 'success isn't a given' as 10% of Meta workforce laid off

  Tech giant Meta has laid off 10% of its workforce - as chief executive Mark Zuckerberg warns that "success isn't a given".