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The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

Kate Mosse is chair of the Women's Prize for Fiction board

I'll drink to that: Baileys announced as new sponsor of (formerly Orange) Women's Prize for Fiction

The winner of the Women’s Prize for Fiction next year will be able to raise a glass of cream liqueur in celebration after Baileys stepped in to sponsor the award.

Diageo’s outgoing chief executive, Paul Walsh, with some of the company’s products

Paul Walsh calls time on Diageo: Outgoing boss will leave the global drinks giant in high spirits

Ivan Menezes celebrated his success landing the job as boss of the world's biggest drinks company, Diageo, with a glass of Johnnie Walker Blue Label whisky on the flight from London to New York. The promotion of the chief operating officer and company insider didn't scare the horses in the City as the shares barely twitched. But as he sipped the £130 liquor on the plane Mr Menezes might well have pondered the shoes he will have to fill when Paul Walsh, the FTSE 100's third longest-serving boss, departs.

Whisky galore as Chinese get the taste for Scotch

Russell Lynch discovers Diageo is spreading the word about Johnnie Walker in the world’s second-biggest economy

The Business Matrix: Friday 19 April 2013

Cheap fares are a hit for Eurostar

Being Modern: Novelty hats

In the old world, back when the measure of success had nothing to do with Twitter followers, an advertising slogan caught the public imagination that held, "If you want to get ahead get a hat!" These were the days when a cap, trilby or bowler would symbolise class, when the appropriate headwear could mark you out as a "man of ambition".

Guinness Black Lager was launched in the US in August 2011 and in Ireland last year but sales have been “disappointing”

Diageo's Guinness lager falls flat

Sales of new black beer disappoint in Ireland and US

Mikey Argy: 'This money will have a huge effect. It will give us security for the next ten years.'

Government’s £80m for victims of thalidomide – but still no apology

Britain’s lax regulations contributed to scandal of babies born disfigured because of drug

Diageo calls time on Jose Cuervo talks

Drinks giant Diageo has called time on its bid to buy Mexico's Jose Cuervo tequila brand, ending year-long talks.

Market Report: De La Rue might be worth banking on

Forget about putting cash under the mattress, it could be time to start buying shares in banknotes printer De La Rue, analysts reckon. JPMorgan's scribes think the stock fell too low after the notes printer cut its profit forecast last month and now there is a "compelling opportunity" to buy the shares. Its Bank of England contract is up for grabs with a call for bids by the end of January. De La Rue has held it since 2003 but JPMorgan's Alexander Mees said he thought there was "no reason not to expect De La Rue to be successful".

Rare hiccup for Diageo as it fails to swallow Jose Cuervo

Drinks giant Diageo has proved its acquisition strategy is not invincible by calling time on its bid to buy Mexico’s Jose Cuervo tequila brand, bringing to an end year-long talks.

Diageo toasts success as it pours out
£1.3bn to buy India’s United Spirits

The drinks giant Diageo has finally agreed to acquire a controlling stake in United Spirits for nearly £1.3bn, growing its presence in India massively and ending months of speculation.

Thirst for 'affordable luxuries' helps drinks giant Diageo hit £1bn sales

A thirst for "affordable" luxuries, in the shape of expensive cocktails in the trendiest bars, has helped global drinks giant Diageo record more than £1 billion in sales of its high end liquor in the past year.

Delayed shipment hits Diageo growth

Diageo, the world's biggest spirits group, said a postponed duty-free shipment and a weak South Korean market hampered quarterly trading.

Diageo shrugs off slowdown

People across the globe are drinking their way through recessions and financial crises, results from the world's largest spirits producer suggest.

Diageo sales to top £10bn

Guinness stout-to-Veuve Clicquot champagne producer Diageo will announce that revenue has broken the £10bn mark in its annual results this week.

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Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'