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With the Leveson Inquiry currently revealing everything that is wrong at the heart of journalism, one case has just concluded that has just shown exactly the opposite, namely when a newspaper gets all the elements right, public interest and a cracking story which you can sell.

Banker Nathaniel Rothschild has just lost his libel action against the Daily Mail who reported that he had set up a meeting between  Lord Mandelson and Russian oligarch Oleg Deripaska.

The newspaper portrayed him as a ‘puppet-master and  suggested that he had helped smooth a £500 million aluminium deal in 2005.

The article claimed that Mr Rothschild used Lord Mandelson – then European Commissioner for Trade – to impress Oleg Deripaska, the billionaire owner of Russia’s biggest aluminium plant, during a visit to Siberia.

The 40-year-old heir to the Rothschild banking dynasty had demanded ‘very substantial’ damages.

Anyone want to regulate the press now?