Ahold waited to complete bank negotiations for a new $3.1bn credit facility to ease its liquidity crisis before disclosing accounting irregularities, according to a Dutch regulator.

Procter & Gamble is said to be in talks that could lead to the £3.8bn acquisition of German haircare company Wella.
The discussions are believed to be part of a strategy developed by chief executive Alan Lafley to expand the company’s beauty business.

London's new congestion charge zone is likely to be widened to include Westminster, Kensington and Chelsea by the end of next year, mayor Ken Livingstone revealed yesterday.

Icelandic retailer Baugur has found itself at the centre of a political row after Iceland’s prime minister accused the group of considering offering him an illegal payment, the Financial Times reports this morning.
The allegation came as Baugur continued its policy of stake-building in underperforming British retailers - increasing its stake in Big Food Group to 22.1%.