The similarities are sometimes remarkable. City Talk has a 20-minute programme sequence; LBR has rolling 20-minute cycles of news and market reports. City Talk has a discussion programme called City Forum; LBR has City Quorum.
Interestingly, Peter Lloyd- Thomas, the brains behind the City Talk bid, claims he discussed the concept with a Reuters man in March, only to be told the company had looked at radio before but concluded it was not for them. Undeterred, Lloyd-Thomas went into great detail about how City Talk was a perfect fit for Reuters. Later, he was invited to head office, only for the company to cancel the meeting. 'We have not stolen or copied anyone's idea,' fumed a Reuters spokesman. 'We've been considering the idea of business broadcasting for a very long time, long before March.'