Hipgnosis delays financial results over concerns songs are being under-valued

Music fund Hipgnosis has announced a last-minute delay to the publication of its half-year results (Doug Peters/PA)

Hipgnosis has announced a last-minute delay to the publication of its half-year results, as troubles mount for the music fund set up by Nile Rodgers and Merck Mercuriadis, former manager of Sir Elton John and Beyonce.

Hipgnosis Songs Fund, which owns the rights to tracks by world-famous artists from Justin Bieber to Shakira and Blondie, was due to reveal its financial results on Tuesday.