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

Business week in review

In profit...

Diageo seals deal to flog Chinese luxury spirit in UK at £99 a bottle

The drink that has sealed millions of Chinese business deals is about to go on sale in London, after Diageo agreed a UK distribution deal.

Diageo to invest £1bn in scotch as Asia drives sales

A taste for expensive whisky from rich Chinese businessmen, as well as Latin America, India and Africa's growing middle classes, has helped seal a £1bn investment in Scotland.

Foreign thirst for whisky firing up a £1bn Diageo investment in Scottish distilleries

A taste for expensive whisky from rich Chinese businessmen, as well as Latin America, India and Africa's growing middle classes, has helped seal a £1bn investment in Scotland.

£1bn whisky investment by Diageo boosts jobs

Guinness to Smirnoff owner Diageo today unveiled plans to invest £1 billion in Scotch whisky production over the next five years in a move that will create nearly 1,000 jobs.

Diageo gets the taste for a cocktail with Brazilian spirit

Diageo has taken a further gulp of the growing cocktail sector by buying the spirit used to make the Brazilian drink caipirinha.

Howard Jacobson: Nothing is beyond a man who will take his wife on a date to a restaurant like Oslo Court

Maybe our old view of the PM as out of touch is no longer safe. I am seeing him in a new light

Market Report: Diageo rises on talk of deal with tequila maker

It's been a while since City traders have had an excuse to crack open the tequila. But yesterday that all changed. Well, almost. Not because there's a reason to be cheerful about the markets – far from it, it was a particularly nervy day after Monday's falls, with a sudden sell-off after lunch requiring some fancy footwork by the Square Mile's practitioners. No, it was about Diageo, which was said to be close to knocking back a stake in Jose Cuervo, a $3bn (£1.9bn) business which, as any hellraiser will tell you, is the world's biggest tequila brand.

Drinks giants team up to head off ad regulation

Eight of Europe's biggest alcohol firms have united to draw up new rules for their own advertising in an effort to head off tighter regulation.

Drinks giants team up to head off ad regulation

Eight of Europe's biggest alcohol firms have united to launch new rules for their own advertising in an effort to head off tighter regulation.

James Moore: In Diageo's world it's always drinks time somewhere

Investment View: Diageo's global reach means that it is exposed to some very attractive markets where growth still exists

Diageo rejig fuels talk Walsh may head for exit

Diageo, the drinks giant behind Guinness and Smirnoff, has promoted Ivan Menezes to chief operating officer, fuelling speculation that its chief executive Paul Walsh may be edging towards the end of his Diageo career.

Diageo drink sales decline in UK

Drinks giant Diageo today said sales in the UK were falling behind its continental neighbours - although Britons are still lapping up vodka and Baileys.

Home of Guinness to produce lager

James Joyce will be spinning in his grave – Dublin's historic St James's Gate brewery, home of the author's famously beloved Guinness, is to start brewing fizzy foreign lagers like Budweiser and Carlsberg.

Spotlight On... Paul Walsh, chief executive, Diageo

What's this I hear about the drinks boss Paul Walsh quitting?

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