Executives at the paper, famous for its pink pages, were left with decidedly red faces after publishing the joke story.
The brewing company Guinness distributed a press release embargoed until April 1 saying Greenwich Mean Time was to be re-named Guinness Mean Time.
![[ image: width=150]](/olmedia/70000/images/_72239_guinness.jpg)
The change, along with replacing the pips for Britain's speaking clock with drips (meant to sound like a dripping pint), were part of its sponsorship of the Millennium celebrations.
FT reporters thought the story was so good they broke the embargo, published a day early - and wished they hadn't.
The paper, which coined the advertising slogan "no FT no comment", devoted almost half a page to the story.
But after being told they were victims of a little Irish fun it was the FT which had no comment.
Guinness, delighted at their success, were in forgiving mood.
Spokesman Roy Mantle said: "I suppose they pipped everybody to the post.
"We were very pleased to see that from such an august organ as the Financial Times."
The silly season
(01 Apr 98 | Special Report)
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