The Business week in pictures

Just three months after telling investors business was doing better than expected, Clinton Cards performed an about-turn and issued a profits warning
Photograph: Ian Patrick/Alamy

Dutch bank ING has produced one of the first financial models of what might happen if the euro falls apart during 2010, predicting a meltdown that would dwarf that produced by the Lehman Brothers collapse
Photograph: Stephan Hoeck/Getty Images

George Osborne is searching for a high-profile economist to lead the government's new public spending watchdog following the surprise announcement that Sir Alan Budd was to quit as interim chairman of the Office for Budget Responsibility within a month
Photograph: Martin Argles for the Guardian

Internet retailer Amazon piled the pressure on Ocado with the launch of a grocery division selling 22,000 products including brands such as Pampers nappies, Ariel washing powder and Pedigree Chum dog food Photograph: Alicia Canter

BP is working to fix the leaking oil well in the Gulf of Mexico by 27 July, weeks before its publicly stated deadline
Photograph: Sean Gardner/Reuters

The art on its walls may be in the books at more than £300,000 and there may be a two-year waiting list to join its 4,000-strong membership list, but London's trendy Groucho Club - beloved of Lily Allen, Sienna Miller and Stephen Fry - is still deeply in the red
Photograph: Alex Segre/Alamy

Marc Bolland made his debut as the new boss at Marks & Spencer with a set of strong trading figures and a warning that last month's emergency budget is likely to hit consumer spending
Photograph: Ben Stansall/AFP/Getty Images

Members of London's futures exchange are pushing for a review of rules governing speculative positions in the cocoa market following a letter of complaint from traders angry at the extent of price manipulation
Photograph: Reuters

Registrations of new cars rose 10.8% in June, marking their 12th consecutive monthly increase, as a rise in orders for company cars compensated for the ending of the government's car scrappage scheme. The Vauxhall Astra was the best-selling model in June, while Ford's Fiesta had the highest registrations over the first half of 2010
Photograph: James Royall for the Observer

The Gulf of Mexico is packed with abandoned oil wells from a host of companies including BP, according to an investigation by Associated Press, which describes the area as 'an environmental minefield that has been ignored for decades'
Photograph: Sipa Press/Rex Features

The International Monetary Fund has cut its growth forecasts for the UK which faces its biggest public spending squeeze in a generation. The Washington-based fund now sees Britain's economy growing 1.2% this year and 2.1% in 2011
Photograph: Lefteris Pitarakis/AP

The Paris-based Organisation for Economic Co-operation and Development (OECD) expressed concern over the axing of UK programmes to help the unemployed back into work
Photograph: Danny Lawson/PA

The Treasury has appointed leading academic Martin Weale as a member of the Bank of England's monetary policy committee (MPC) in a move widely seen as providing Mervyn King with support for his low interest rate policy
Photograph: PR

The British creators of Who Wants to Be a Millionaire? won $269m (£178m) in damages from the Disney entertainment empire in a US court after a six-year battle over unpaid royalties
Photograph: Everett/Rex Features