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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: Petra still showing diamond potential

Today

Making money from finding shiny diamonds in the ground is as hard as the shiny gems as the miners try to find. Costs have to be tightly controlled for a miner to make a good profit. But analysts think Petra Diamonds has managed just that. So although earnings might be a little behind the same time last year when it reports its full year results today, Rob Broke, analyst at Westhouse, maintains his Add recommendation. He thinks the company’s “respectable cost control” has made it still an attractive stock. Numis expects its results to be in line with expectations and thinks the “diamond market remains firm.”

Market Report: Burberry does it in style and hits a high

Traders don’t usually pay attention to London Fashion Week but one of its stars was à la mode yesterday in the City. The British brand Burberry was feted by HSBC’s luxury experts who added it to their Super Ten Portfolio and said “its digital  vision sets the group apart.”

Interest rate swap scandal: Banks face hidden bill of up to £10bn to settle property developer claims

Britain’s banks face a hidden bill of up to £10bn to settle claims from property firms put at risk by the interest rate swap scandal, according to new research.

For the sake of Somalia, Barclays must not close its money transfer system

To do so could herald a humanitarian crisis in the long-suffering region

James Moore: Banks' redress may be too late for some firms

Outlook More than a year after the City's regulators first said there were problems with the way a previously rather arcane product called an "interest-rate swap" had been sold to thousands of small businesses, the redress is finally flowing.

UN Human Rights Commissioner Navanethem Pillay speaks at a press conference before completing her visit in Colombo

Sri Lanka snubs UN as it bids for more trade links with the UK

Criticism by Human Right Commissioner was ‘jaundiced’, says Foreign Minister

Investment View: Why you should sit tight in May to see winnings

If you hold your money in cash or bonds you can expect to see inflation steadily eroding its value
Tim Henman: Former British No 1 says tennis must compete with other sports for youngsters

LTA must cash in on Murray mania at lower level, says Tim Henman

Tim Henman believes the Lawn Tennis Association needs to invest more heavily in grass-roots tennis if the governing body is to capitalise more effectively on Andy Murray’s success.

Finance bosses puzzled by audit reform plans

The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.

UK rallying faster than thought as exports leap boosts GDP

Hopes are boosted for rebalancing of economy towards trade and investment

Money alert: Credit card insurance

High street banks are being forced to pay compensation of £1.3bn after they were found guilty of flogging useless and unnecessary credit card fraud and identity theft insurance.

James Ashton: Bankers toiling in these dog days will be wagging their tails at bonus time

The whodunnit 'Broadchurch' was praised for its ‘restrained approach’

A study of 2,342 16 to 25-year-olds by the Prince's Trust youth charity reveals that one in five 'abandoned their ambitions' after getting poor exam results from their schooling

Pupils believe they'll 'end up on benefits' after leaving school with poor exam results

One in six young people believe they will “end up on benefits” after leaving school, according to research published today.

James Moore: Why Flint needs to take the hint and put a block on bloated bank salaries

Outlook: HSBC still thinks it needs to pay out  stupendous sums to keep its top staff

HSBC in pay rise threat to beat EU’s bonus cap

New rule could be ‘highly damaging’ and help rival banks, chairman Flint warns

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Sarah Silverman (middle) with sister Reform Rabbi Susan Silverman (right) and sister actress Laura Silverman (left) at Jerusalem's Western Wall for feminist Hanuka candle-lighting ceremony
peopleControversial comedian stages pro-equality Hanukkah lighting during a protest at Jerusalem's Wailing Wall
Arts and Entertainment
The Bach Choir has been crowned the inaugural winner of Sky Arts’ show The Great Culture Quiz
arts + ents140-year-old choir declared winner of Sky Arts' 'The Great Culture Quiz'
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After another poor series in Sri Lanka, Alastair Cook claimed all players go through a lean period
cricketEoin Morgan reportedly to take over ODI captaincy
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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
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Prices correct as of 19 December 2014
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas