A US jury began deliberating whether Citigroup tricked a British private equity firm into buying music company EMI in 2007 at an inflated price.

EMI owner Guy Hands is demanding that £2bn is cut from the music group’s debt pile as the price for calling off his court case against the investment bank Citigroup, it was reported today.

Music group EMI today slashed annual losses by two-thirds but said it needs millions more in the years ahead to stay out of the hands of lenders.

London: EMI Group Ltd has put its Abbey Road Studios in London, where the Beatles recorded many of their albums, up for sale, said a person familiar with the matter.

An industry outsider was named as the new boss of private equity-owned EMI’s recorded music division today.

Radiohead have hit out at their former record company EMI, angry they can't stop the label from releasing an album of their greatest hits.

Reports of the death of the record company may be exaggerated, but there is little doubt that the industry is facing a prolonged bout of ill-health.

GUY HANDS, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group that has sparked fury from some of its biggest acts.

Thousands of EMI workers were facing the prospect of redundancy tonight after the music giant’s private equity owners announced a “revolutionary” overhaul to the business.

Staff at music giant EMI are today expected to discover how many jobs will be lost as part of a restructuring by the label’s new private equity owner.

Robbie Williams is going on strike in protest against the new owners of his record company, it was reported.

Robbie Williams is going on strike in protest against the new owners of his record company, it was reported today.

Lily Allen, Coldplay, Robbie Williams and Kylie Minogue are among a number of acts under threat because of radical plans by British music label EMI to drop recording artists who are "not working hard enough" for their label.

Music label EMI signalled a further sharp decline in the popularity of the traditional CD today as it said revenues from the format had dropped by nearly a fifth.

Financier Guy Hands today succeeded in his attempt to snap up EMI after shareholders at the music group finally gave their support to the bid.

Financier Guy Hands came a step closer to landing music group EMI today after US company Warner Music ruled out a bid for the firm.

US-based Warner Music Group says it has decided against making an offer to acquire British rival music company EMI.

US-based Warner Music Group says it has decided against making an offer to acquire British rival music company EMI.

Private equity firm Terra Firma today gave EMI shareholders an extra week to accept its £2.4bn (€3.5bn) offer for the troubled music label after receiving support from less than 4% of investors.

The London market closed in negative territory today despite a strong showing from mining and oil stocks.

Shareholders in the world’s largest catering group Compass are to receive a £1bn (€1.5bn) pay-out following the sale of the company’s European vending business, it emerged today.

A bidding war for Alliance Boots broke out today after two private equity groups went head to head in a takeover tussle to snap up the health and beauty giant.

Healthcare retailer and pharmaceutical giant Alliance Boots is reportedly being eyed for a potential takeover by private equity firm Terra Firma in a move which could spark an all-out bidding war for the group, a report said today.

The FTSE 100 Index fell below the landmark 5300 barrier today as it chalked up its fifth consecutive session of losses.

THE landmark Shelbourne Hotel in Dublin made a pre-tax loss of €81,904 in the year to end June 2003.

British water and sewerage group Pennon has rejected a takeover approach from multi-millionaire City financier Guy Hands, it announced today.

Luxury hotels group Le Meridien could be put into administration unless a financial rescue plan is struck this week, it was reported today.

ONE of Dublin’s landmark hotels, the Shelbourne on St Stephen’s Green, could be under new ownership after the venture capital group that runs its parent company handed control of the group to its creditors.