The founder of Arctic Monkeys and Franz Ferdinand house Domino Records, Laurence Bell, has become the latest senior independent label exec to welcome Universal's divestment plan related to its £1.2bn bid for EMI.

A previous cynic to the deal - who rallied against it publicly in Music Week magazine during February - Bell has today applauded Universal chief Lucian Grainge's multi-million pound concessions offer to the independent sector.

He joins the likes of Mute's Daniel Miller, PIAS's Kenny Gates ...