Stairway to (financial) Heaven

Oxford skyline
Windfall strikes the right note for Oxford University Photo: PA

The Chancellor of the University of Oxford, the Rt Hon Lord Patten of Barnes and the Vice-Chancellor, Professor Andrew Hamilton will reveal details about a major announcement in connection with the funding of the Humanities at Oxford.

The press conference is taking place in London at 10.30am today and will be attended by some of the biggest names in the music business. More information from our Correspondent, Phil Hornby, as soon as it is available.