Legendary music veteran Nick Stewart - the man who signed U2 to Island - has launched a new record label called Man In The Moon Records, and he told Music Week that he plans to build up a “good roster and develop acts for long-term success”.

“It seems a bit obvious but that’s what we are going to try and do,” he added. “What we really want to do is build up some great acts. I discovered U2, I’d love ...