City news in brief: Zoom, Mosaic, Pink Floyd
City latest: Round up
Pink Floyd, who have sold more than 200m albums in their 40-year career, are understood to be considering selling part of their back catalogue.
The rights to albums including Animals, The Wall, A Momentary Lapse Of Reason and The Division Bell are held under contract by EMI but are coming up for review. EMI, which has rights to the group's earlier work up to and including the 1975 album Wish You Were Here, is understood to have an agreement to match any rival offer.
But a rights deal is complicated by divisions that grew up within the group, which now has three different managers. EMI said it had a 'positive and long-term relationship' with the band.
pink floyd,'s founding member, keyboard player Richard Wright, died earlier this month and the group's remaining members have had a fractious relationship over the years, despite re-forming for the Live 8 concert in London three years ago.
Pieces fall into place at Mosaic
Mosaic, which owns High Street fashion brands Oasis and Warehouse, is expected to buck the clothing market trend this week with an increase in first-half profit before interest, tax and other charges.
The company, which is controlled by Icelandic investor Baugur, has benefited from
international expansion of its brands. Its Karen Millen chain is expected to draw more sales in Russia than in London by the end of the year, and it has appointed model Daisy Lowe to appear in its winter advertising campaign.
Data protection fears for Zoom's customers
Extraordinary plans by an internet card payment company to hand over personal details of customers of failed airline Zoom to another travel firm may fall foul of data protection laws.
Zoom, which flew between Scotland and Canada, collapsed last month stranding 40,000 passengers. Now E-Clear, which carried out credit card processing for Zoom customers, says it wants to work with Allbury Travel - a firm 20% owned by collapsed holiday company XL - to contact customers and arrange new flights.
The companies say this is a customer service, but a source close to Zoom's administrator, PKF, said E-Clear's motives were also self-interested.
'Anyone who booked by credit card is guaranteed to get back their money,' he said. 'E-Clear is trying to minimise its exposure to Zoom and possibly help out some people.'
But travel industry sources said the plan raised serious questions.
'How can anyone give permission for 40,000 sets of personal data to be passed on to a travel agent?' said one. 'Customers who paid by credit card should be informed
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