Parlophone deny reports of Pete Doherty record deal

British record label Parlophone has moved quickly to quash reports it has handed Pete Doherty's band Babyshambles a £1m contract.

A spokesperson for the music company, which was once the home of The Beatles and now has deals with Coldplay and Gorillaz, admits talks have taken place with Doherty, but no money-spinning deal has been agreed.