Paul McGuinness received the Peter Grant Lifetime Achievement /Manager of the Year Award in London last night. Bono and Adam joined a host of other industry friends as Chris Blackwell presented Paul with this prestigious award.

'Success has many fathers,' said Chris. 'But in U2 there's only one father - Paul McGuinness!' A series of video tributes to U2's manager came from well-known names in the music industry including Doug Morris, Louis Walsh, Jann Wenner and Jimmy Iovine.

The annual Roll of Honours Awards from the UK's Music Managers Forum was hosted by Paul Gambacini at the Hilton Hotel on London's Park Lane. Also honoured last night was another U2 friend, Garrett Lee, named as 'Producer of the year 2005'.

U2.Com caught up with Paul at the end of the evening: 'It's been a great night and this is a wonderful honour,' he said. 'And it's wonderful to see so many friends.'

More on the night, and photos, on the way.