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Drinks giant announced plans to cut costs by £200m as Chinese sales decline

Dom Joly: The Mounties always get their phone call

I've finished my expedition to the glorious Okanagan Valley in British Columbia (Canada's California, apparently) investigating Ogopogo, the monster that is supposed to inhabit Lake Okanagan. Don't worry, I haven't gone all David Icke (yet) – this is for my new book, Scary Monsters and Super Creeps, and the subject gives me an excuse to visit some pretty interesting parts of the world. Canada was probably a brave choice for a first destination as it is seen as literary Mogadon by publishers. Bill Bryson supposedly wanted to write a book about the country but his publishers recoiled in horror. I love the place – I have a Canadian wife and spend every summer there – and hope to convert as many Brits as possible to the land of the beaver.

Foster's made 'misleading' statements, SABMiller says

Foster's made "misleading and deceptive" statements in its full-year results presentation, according to claims made by the drinks group SABMiller, which turned hostile in its A$9.5bn (£6.3bn) bid to take over the Australian brewer last month.

Foster's stands firm on bid

Foster's has urged investors to reject an A$9.5bn (£6bn) offer from Peroni maker SABMiller for the second time, saying it significantly undervalues the Australian brewer.

The Business On... Stephen Goodyear, Chief executive, Young & Co

What's Mr Goodyear up to?

Beers to become weaker (but don't worry – they'll be cheaper too)

In March, the Chancellor announced a 50 per cent duty reduction on beers of 2.8 per cent alcohol by volume

Real ale enters a golden age, with 800 breweries in UK

The number of drinkers trying real ale for the first time has increased by 40 per cent in the past few years, while 200 new breweries have opened, a study showed today.

An unpleasant drop gives winemaker a bitter aftertaste

In a wine connoisseur's worst nightmare, a container of Australian Shiraz that retails at £125 a bottle was smashed when a malfunctioning forklift dropped 462 cases of the precious red.

Fuller's beaten to the bar as Greene King secures Capital Pubs

The chief executive of the Capital Pub Company is set for a lucrative windfall after the operator of 34 upmarket pubs in London agreed to a £93m takeover by Greene King, the pub and brewing company.

Cadbury apologises over Naomi Campbell advert

Chocolate maker Cadbury has apologised after one of its adverts "caused upset" to supermodel Naomi Campbell.

Young's hopeful despite fragile economic picture

The pubs and brewery group Young's said it was "cautiously optimistic" about the year as it posted a rise in profits last night.

Diageo chief signals job cuts

Thousands of staff at the drinks manufacturer Diageo are concerned about their jobs following a warning from the company behind Guinness that it is planning a major restructuring.

Shepherd Neame has best half-year

Shepherd Neame, the brewer behind Spitfire and Bishops Finger, has hailed record half-year sales, but warned that soaring grain and fuel prices are hitting profits.

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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
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
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