Click here for THE homepageBy Jack Grove. A group representing some of Europe's leading universities has withdrawn its support for a new ranking system funded by the European Union, warning that it could pose "a serious threat" to higher education. The League of European Research Universities, which represents 21 leading research-intensive universities, has disassociated itself from the U-Multirank project, which is due to publish its first results in early 2014. At a cost of EUR2 million (£1.7 million), the scheme aims to offer an alternative to ranking systems that are focused mainly on research excellence and will grade universities in five areas - research, teaching, internationalisation, knowledge transfer and contribution to regional growth. Read more...