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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

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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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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
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12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?