News

Companies planning to list on the London Stock Exchange were handed a reality check yesterday as investors turned their backs on three of the newest entrants to the market.

EMI recorded music moves into the black

EMI's Recorded Music division saw earnings of £59.2m in the three months to June, compared with losses of £45.1m last year, according to an email from Guy Hands, the group's controversial chief executive, to staff yesterday. Revenue was £288.1m, up 61 per cent.

Guy Hands sues Baker Tilly over film losses

The private equity tycoon Guy Hands has had his hands full trying to make money from the music industry since buying EMI last year, and now it seems he has taken a hit from investing in the film industry as well.

UBS sues client

UBS has launched legal action against its own clients, a joint venture of Terra Firma and Deutsche Bank, after they refused to allow the Swiss investment bank to sell debt relating to a buyout to their rivals.

EMI poaches head of Island Records Nick Gatfield from Universal Music

EMI has poached Nick Gatfield from rival Universal Music to run the group's Artists and Repertoire (A&R) operations across the US and the UK.

Rolling Stones may leave troubled EMI

The Rolling Stones could become the latest big-name group to quit the troubled record label EMI, following the example of Sir Paul McCartney and Radiohead.

Hands raises £250m to fund EMI overhaul

Guy Hands has raised £250m in new equity to fund his planned shake-up of EMI and publicly moved to allay fears that the takeover of the struggling music company by his investment vehicle Terra Firma had run into trouble due to the credit crunch.

Threshers throws in towel at its food-and-wine stores

A much-hyped move into fresh food by off-licence chain Threshers has been ditched after less than a year.

Architecture: Out with the old, in with the new

London's skyline has already undergone dramatic change. But two developments are accelerating the transformation from historic capital to modern metropolis. Jay Merrick reports

Shanks is new target for Terra Firma after Pennon rejection

Guy Hands, the City financier, has approached Shanks, the waste management group, having been rebuffed in his attempt to buy its larger rival, Pennon.

Latest stories from i100
Career Services

Day In a Page

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 17 April 2015
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own