Business week in pictures

British singer Chris Martin of Coldplay performs on stage at the Roskilde music festival in Denmark. Guy Hands, the controversial City financier behind EMI, is preparing to inject £300m to shore up the troubled music label that has Coldplay and Lily Allen on its books and is sitting on what is believed to be dozens of unreleased Michael Jackson songs Photograph: Thorkild Amdi/AP

A protester dressed as the California governor, Arnold Schwarzenegger, is heckled by the crowd during a demonstration outside of the California state building. Schwarzenegger has proposed deep cuts to social programmes as the state faces a $26bn (£16bn) budget shortfall Photograph: Justin Sullivan/Getty Images

Bankers on the run outside the Goldman Sachs headquarters building in New York City. The investment bank announced profits of $3.44bn – $38m per day – paving the way for bumper bonuses for its 29,400 staff Photograph: Chris Hondros/Getty Images

British Airways admitted it could be forced to strip out premium seats from its largest aircraft because of a slump in corporate bookings. At the airline's annual general meeting at London's Queen Elizabeth 2 conference centre, demonstrators used caged lemmings to stage a protest. On Friday, the airline announced plans to raise more than £600m of fresh funding in an attempt to avoid being dragged into involvency by the slump in the aviation sector. Photograph: Martin Argles/Guardian

Recouping the £70bn of taxpayers' money pumped into Royal Bank of Scotland and Lloyds Banking Group will require 'professionalism and patience', the body set up to look after the government's stakes warned. Government shares in the two rescued banks amount to £3,000 for every household in Britain Photograph: Graeme Robertson

The heatwave helped boost sales for Britvic, the soft drinks company whose brands include Robinsons, Tango and Pepsi, but the heat was partially blamed for a fall in sales at chocolate firm Thorntons Photograph: Graham Turner/Guardian

A Persimmon Homes development in Harleston, Norfolk. House prices will stay in the doldrums for years, a report by PricewaterhouseCoopers said. It forecast that it might not be until 2020 that prices return to their peak before the crash Photograph: Graham Turner/Guardian

Neil Gillis, chief executive of Blacks outdoor shop. The clothing retailer, which owns Millets, announced a 1.6% decline in like-for-like sales, while the Burberry fashion brand reported that its wholesale business had suffered a 28% sales drop Photograph: Felix Clay

Eurostar check-in for business passengers at St Pancras international station, London. Eurostar has suffered a fall in passenger numbers, with business class especially badly hit, but the train operator is hoping to see a rise in travellers using the service from Belgium, France, Germany and the Netherlands Photograph: David Levene

A labourer walks on the bank of the Huang Pu River in Shanghai. The annual gross domestic product in China rose by 7.9%, helped by a massive stimulus package, raising hopes for global recovery in the economy Photograph: Reuters

Fernando Verdasco of Spain holds three Slazenger tennis balls during his match at the Wimbledon tennis championships. Sports Direct, the company that owns Sports World, Field & Trek and Lillywhites shops and brands including Slazenger, Lonsdale and Dunlop, saw its annual profits crash 91% due to the weak pound Photograph: Eddie Keogh/Reuters

Ed Miliband opens RWE npower renewables' Little Cheyne Court windfarm in Kent. Centrica and npower were set to sign a deal to build two huge offshore wind farms off the coasts of Lincolnshire and north Wales Photograph: Graeme Robertson

Jobseekers at a Tesco recruitment open day in Sefton, Merseyside. Unemployment jumped by a record 281,000 in May, taking the jobless total to 2.38 million, the highest level since 1995 Photograph: Christopher Thomond

Cooling off on a warm evening at Lake Geneva, Switzerland. McDonald's announced it was moving its European head office to Geneva in Switzerland to take advantage of Swiss intellectual property tax laws Photograph: Anja Niedringhaus/AP

Britain's biggest nightclub operator Luminar, which operates the Liquid and Oceana club chains, reported that clubbers were still spending less by cutting down on the amount they drank Photograph: Ghislain & Marie David De Lossy/Getty Images