Business week in pictures

Acromas Holdings, the merged AA and Saga group, has become the latest private equity-owned business to abandon plans to float on the stock market this year
Photograph: Leon Neal/AFP/Getty Images

The sun rises over the City of London as the International Monetary Fund gave strong backing to the government's 'wait-and-see' approach to cutting Britain's record peacetime budget deficit, warning that the weakness of growth meant it was too soon to cut public spending
Photograph: Dan Kitwood/Getty Images

Passenger planes parked at the southern terminal at Gatwick Airport. BAA reported an annual pre-tax loss of £821.9m, in part brought about by a £277m loss on its sale of Gatwick, Britain's second-largest airport, to Global Infrastructure Partners
Photograph: Peter Macdiarmid/Getty Images

Meanwhile, British Airways faces a lengthy walkout close to Easter after 81% of cabin crew backed strike action in a row over staffing cuts and proposed changes to working conditions
Photograph: Peter Macdiarmid/Getty Images

A TV in Tokyo, Japan, shows a news report on Toyota president Akio Toyoda testifying before a congressional committee. Toyoda repeatedly expressed his 'sincere regrets' for faulty accelerator pedals linked to dozens of deaths and injuries
Photograph: Shizuo Kambayashi/AP

A Toyota showroom in London. Japan voiced concern that the fierce criticism of Toyota in the US could spark a wider backlash against Japanese goods, just as Japanese exports in January rose 41% compared with the previous year
Photograph: Felix Clay

The majority of price cuts in the supermarket price wars between Asda and Tesco in the run-up to Christmas were just 1p, an investigation showed, while most price increases imposed by the two chains during the same period amounted to more than 10p
Photograph: David Levene

Eric Daniels, chief executive of Lloyds Banking Group, bowed to public pressure and waived a £2.3m bonus that the loss-making bank awarded him, becoming the fourth bank boss in a week to refuse a payout
Photograph: Adrian Dennis/AFP/Getty Images

But Royal Bank of Scotland faced renewed criticism over its decision to hand out £1.3bn of bonuses to its investment bankers despite reporting a loss of £3.6bn
Photograph: Carl Court/AFP/Getty Images

In addition, the taxpayer-supported RBS missed the lending targets it had been set by the government, as more loans were repaid by its customers than were granted
Photograph: Daniel Deme/EPA

Investment by UK businesses on new buildings and equipment plunged last year. It fell by 5.8% between October and December 2009 compared with the previous three months and was 24.1% lower at the end of 2009 than at the start – the worst annual decline since records began in 1967
Photograph: David Levene

In the energy industry, British Gas stoked the row over profiteering by posting record-breaking profits of £595m for 2009 – a rise of 58%
Photograph: Daniel Berehulak/Getty Images

Finally, Diageo, owner of Captain Morgan, the brand named after a Welsh pirate, has accused its arch-rival, Bacardi, of trying to subvert a lucrative deal to move production of Captain Morgan from Puerto Rico to the US Virgin Islands
Photograph: Chris Ratcliffe/Bloomberg via Getty Images