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

The Week Ahead: Analysts split on whether to raise a glass to Diageo

The outlook will be among the key talking points on Thursday when Diageo, the drinks giant whose roster of brands includes Baileys liqueur, Smirnoff vodka and Johnnie Walker whisky, issues its full-year figures.

Record number of companies to report on 'Super Thursday'

Improvements to FTSE corporate governance leads to 70 announcements next week

Market Report: Drinks giant Diageo misses out on the blue-chip party

The markets rallied last night but Diageo failed to make any headway amid worries about the outlook for the FTSE 100-listed drinks giant.

David Prosser: Pension planning over a barrel

Outlook Congratulations to Diageo for coming up with a bright idea for plugging its pension deficit more rapidly than its scheme trustees could have expected. The notion of handing over company assets that are otherwise financially unproductive – maturing whisky in the drinks company's case – is a natural extension of the trend that has seen a string of other businesses transfer property to their pension plans.

Diageo serves up millions of barrels of Scotch whisky to plug pension deficit

The drinks giant Diageo is to use millions of barrels of its maturing whisky as collateral to help plug its £862m pension deficit. Under an agreement with its UK pension trustee, Diageo said yesterday it will transfer its maturing whisky stock – which has a book value of £500m – into a new pension funding partnership (PFP).

Dark days for the black stuff

Pub closures, the beer market's decline and impatient drinkers prompts Guinness to try new strategies

Zak Avery: A creamy stout, with soft coffee flavours and an earthy finish... so why have sales gone flat?

Surely there can't be a more iconic beer in the world than draught Guinness. A pint of the black stuff, topped with its trademark creamy white nitrogenated head, has graced our bars for more than half a century. The beer used to be served in the same manner as all other beers, originally from cask, then moving to carbon dioxide pressure, before the introduction of nitrogen to the mix. Nitrogen gives Guinness its fine, creamy texture, and means the beer is perceived as being less gassy and smoother by drinkers.

Diageo's 12 per cent sales rise shows 'signs of recovery'

The drinks giant Diageo said it had seen "some signs of recovery" and growth of 12 per cent in its third-quarter sales to 31 March. But the performance was flattered by comparisons with sales in the depths of recession. The company, whose brands include Guinness stout and Johnnie Walker whisky, warned that "consumer trends remain difficult to predict".

Can new Guinness lager live up to the legendary name?

It's Guinness — but not as you know it. The Irish brewing giant has launched an ambitious new product which is being trialled in Northern Ireland — Guinness Black Lager.

Diageo accuses Bacardi of rum behaviour

Diageo has launched a blistering attack on rival Bacardi, accusing it of leading a "hidden campaign" for commercial gain that would "kill" off a series of lucrative tax excises that the maker of Captain Morgan rum would receive by shifting production from Puerto Rico to the US Virgin Islands.

Investment Column: Drinkers ready to trade up so buy Diageo

Smith & Nephew; Catlin

David Prosser: Let's call the bluff of the tax whingers

Outlook One by one, they are coming out of the woodwork. On Tuesday, it was the boss of independent financial adviser Hargreaves Lansdown whingeing about the forthcoming 50p top rate of income tax (he paid himself an abnormally large dividend to get in first). Yesterday, it was the turn of Diageo, the drinks giant, to warn that it might have to move its headquarters to another domicile if UK tax becomes "egregious" for corporates or individuals.

Diageo threatens to quit UK over tax

The drinks giant Diageo yesterday became the latest large British company to say it is considering leaving the UK for tax purposes.

We're drinking our way out of recession, says Diageo

Britons are drinking their way through recession, Smirnoff-to-Guinness giant Diageo said today as strong domestic markets bucked falling first-half sales across the group.

The Week Ahead: Diageo to offer little cheer after weak sales

Analysts have voiced fears about further revenue slides at Diageo, which owns brands from Guinness to Baileys, when the world's largest drinks company reports first-half results on Thursday.

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