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Hipgnosis Songs pulls half-year results due to valuation concerns

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Relations between the board of Hipgnosis Songs (SONG) and fund manager Merck Mercuriadis have sunk to a new low after the royalties fund delayed half-year results due this morning, citing concerns over the valuation of its assets. The board said it had sought advice from Mercuriadis’ Blackstone-backed Hipgnosis Song Management…

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