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FIVE at FIVE: Diageo hangover, shop prices boost, FTSE 100, HSBC fine and tax cut warning

1. Diageo profits fall but Guinness becomes a female favourite

Sales and operating revenue slipped for the half-year, but benefited from Guinness proving popular with the ladies.

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2. Dry Jan and packed lunches: UK grocery price inflation eases slightly

Food price inflation fell slightly to 6.8% in January, with Dry Jan and packed lunches as the first retail trends of 2024.

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3. FTSE 100 closes at...

The blue-chip index closed for the day at...

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4. HSBC fined £57m for ‘serious’ failures over customer deposit protection

The bank also failed to properly allocate senior responsibility for overseeing the regulatory adherence to depositor protection rules.

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5. Chancellor says it's too early to talk tax cuts after IMF warning

The IMF earlier warned the chancellor against cutting taxes, an intervention that is unlikely to be welcomed by the government ahead of the budget in early March.

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