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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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Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker