Banker Nathaniel Rothschild yesterday sought "substantial libel damages" at the High Court because of what he claimed were "sustained and unjustified" attacks by the Daily Mail.

Closing the case for the Swiss-based financier yesterday, Hugh Tomlinson QC told Mr Justice Tugendhat in London that a May 2010 article bore serious defamatory meanings to which Associated Newspapers had no defence.

He said that the failure to offer any correction or apology and the persistence in a plea of justification had caused 40-year-old Mr Rothschild distress and additional damage for which he was entitled to be compensated.

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