The London Daily News

A former boss of Warner Music UK thinks the record industry should slash digital music to just £1 an album.

Former Warner chief Rob Dickins made the industry splitting opinion at music confrence 'In The City' thos week.

He said that if record labels slashed download prices so ...

Figures have suggested that the great Rupert Murdoch pay-wall experiment is failing while the "open" Guardian website has increased revenues by 50%.

Circulation figures from ABC show that The Times and Sunday Times print sales fell 14.8% and 9.5% year-on-year respectively.

The strategy was designed to protect hard ...

Music retail giant HMV are edging closer to merging book store Waterston’s off the High Street.

Both brands are owned by the HMV Group and stock similar items, sales are slumping and gadgets such as eBooks mean more empty floor space.

The latest sign that Waterstone's will be ...

After three years of scaffolding and masonry the iconic London Savoy Hotel is set to reopen.

A £100m refurbishment to restore the 121-year-old building to its former glory is complete this Sunday as the Strand building one again flings open its doors to the capitals great and good.

The French are fuming at a major £700m Eurostar fleet upgrade which excludes Gallic firms.

Eurostar is splashing out on a new fleet of 200mph supertrains that could slash journey times to the continent, according to the travel firm. Paris could be just two hours away, ...

It appears the Ministry Of Sound is about to 'sue-the-fans', breaking music industry code against pursuing individual file sharers.

Legal men Gallant MacMillan will reportedly go to the High Court next week to ask a judge to force internet service provider PlusNet to hand over the names and ...

City News Desk

The International Monetary Fund has endorsed the coalition Governments austerity measures with a recent statement describing the measures as "strong and credible".

The Treasury’s plans to cut public sector spending has been described are "appropriately ambitious" and the report by the IMF said:

Britain's strongest bank, HSBC has threatened to quit its London base if the Government moves to break up large banks.

Stuart Gulliver, head of the Canary Wharf-based bank's investment banking division, made the warning at a banking conference.

He said the plans caused "grave concerns" and it has:

City News Desk

Business lobby group the Federation of Small Businesses has warned that a double dip recession is more likely with the "unnecessarily stringent” bank restrictions to small and medium sized businesses in London.

The Federation of Small of Businesses which represents over 100,000 small ...

Every national newspaper has seen a year-on-year slump in readership with seven suffering double digit falls.

Tabloids and mid-market journals have faired better than their quality counterparts - The Daily Star's recent high risk strategy 10p cover price has seen daily sales rise.

The Observer was the biggest ...