Week in pictures: August 10

Analysts say an interest rate hike could come sooner rather than later as the Bank of England's quarterly inflation report says that inflation risks remain on the 'upside'. Photograph: Guardian

Generations of schoolchildren have been taught that the Co-op began in a humble store on Toad Lane in Rochdale, but now two amateur historians claim it began in Scotland. Photograph: Martin Argles/Guardian

Insurers Aviva and Royal Sun Alliance put the costs of bad weather this year into hundreds of millions. Photograph: Edmond Terakopia/AFP

Beer sales were reduced for Britain's largest brewer, Scottish & Newcastle, as large parts of the UK and western Europe were overwhelmed by unseasonal downpours and flooding in the key months of June and July. Photograph: Jason Alden/AP

Daniel Lyons - the identity of Fake Steve, a blogger who writes a diary purporting to be from Apple CEO Steve Jobs, has been revealed. Last month the blog attracted 700,000 visitors including the Real Steve Jobs - and Bill Gates. Photograph: Glen Davis/AP

British firms such as satellite operator Inmarsat are part of the UK push into the space race. Photograph: Dave Hutsell/AP

ITV executive chairman Michael Grade highlighted glimmers of recovery, driven by ratings from shows such as Commander, starring Amanda Burton. Photograph: PR

The latest outburst from US stock market commentator Jim Cramer has become an instant YouTube classic, as he vented his spleen on Bear Stearns, which sparked Friday's sharp fall on Wall Street with its hastily arranged press conference. Photograph: PR

Transport for London has become the latest employer to ban Facebook after concerns that staff spend too much time on the website. Photograph: Chris Jackson/Getty

Airline passengers using Britain's biggest airports have been warned by carriers to expect higher fares following a turnaround by the industry regulator on landing fees. (Read the article) Photograph: Sam Frost/AP

The ambiguous ending of the last Harry Potter book has forced bookie William Hill to pay out on thousands of bets on the fate of the boy wizard. Photograph: EPA

Competition chiefs have forced 13 airlines to change adverts and websites so travellers are given the total cost of flights including all charges right from the start of the transaction. Photograph: Peter Macdiarmid/Getty