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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).

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.

Dark days for the black stuff

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

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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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system