Stock market turmoil today claimed the scalp of one of Europe’s biggest IPOs in recent years, dashing hopes of a €1 billion (£850 million) comeback from private equity mogul Guy Hands.

A US appeals court has thrown out a 2010 ruling against a claim by Guy Hands that he had been tricked by Citigroup into overpaying for EMI, setting the stage for a fresh showdown between the private-equity mogul and the bank over the sale of the London-based music business.

Sun-seekers lift easyJet shares

Iglo Group, the owner of Birds Eye, has named Elio Leoni Sceti as its new chief executive. The 47-year-old Italian is best known for his shortlived role as chief executive of EMI Music, which he left after 18 months, just weeks after EMI's parent posted a £1.75bn annual pre-tax loss.

Albums by the Spice Girls and the Now That's What I Call Music compilations are among unlikely releases which are being prized by collectors and could give a windfall to pop fans.

Adele: Thank you so much. Thank you. This is amazing. I'd just like to thank Barbara Broccoli and Michael Wilson at Eon Productions. Sony Pictures, MGM, Paul Epworth, who, oh God, for believing in me all the time, and my man, I love you, baby.

Emili Sandé is the most nominated artist up for four awards followed by Rita Ora, Mumford & Sons and Alt-J with three nominations each

Music rights firm BMG today bought the back catalogue of Sanctuary Records, the label behind heavy metal giants Black Sabbath, Motörhead and Iron Maiden, for an estimated £40m.

The Russian billionaire Len Blavatnik will add Coldplay, Blur and Tinie Tempah to his empire after his Warner Music group emerged victorious in a bidding war to take over the historic Parlophone record label.

HMV's flagship London store famously played its part in helping The Beatles land their record deal, setting them on the path to becoming the biggest band in the world.

The battle to control the British record label Parlophone, home of Coldplay, the Pet Shop Boys and Tinie Tempah, is hotting up, with Sony and BMG reported to be planning a joint bid.

London Jazz Festival

Until today, indie-folk singer Gabrielle Aplin’s fame has been limited to her army of YouTube fans. Now she is being tipped for the Christmas number one after her haunting version of The Power Of Love was chosen by John Lewis to soundtrack its blockbuster Christmas advertising campaign.