The issue has already cost it the support of Standard Life, the mutual giant that withdrew from the initiative after refusing to accept a PIA board with a majority of public interest directors.Andrew Large, chairman of the Securities and Investments Board, the senior financial regulator that has shaped the development of the PIA, still has a strong card to play to bring recalcitrant institutions into line.Under section 11 of the 1986 Financial Services Act, Mr Large could seek government authority to withdraw recognition from Fimbra and Lautro, the financial services industry’s existing regulators.He could then force their members to join the new body on the grounds that ‘the continued recognition of the organisation is undesirable having regard to the existence of one or more other organisations which have been or are to be recognised’.This would leave life insurers and financial advisers with a choice between the PIA and direct regulation by the SIB itself. The planned raid had been leaked and residents were already moving their belongings out When the officials arrived most left peacefully. AIR UK, the country’s third biggest scheduled carrier, returned to profit last year after losses of pounds 31m in the previous three years. The BBC ends up acting as a home-video service for Dorothy from Esher or Albert from Batley A nightly round-up would suffice. The first, that the international community obliges the aggressor to respect the resolutions and the documents and calls a ceasefire. Officially, he is the short- price favourite in a field of six, completed by Ryan Giggs, Paul Ince, Dean Saunders, Alan Shearer and Ian Wright.
As a person he was hugely popular with fellow dancers yet in himself solitary, often moody, sometimes difficult, always controversial.Too sick to go to New Zealand to co-produce Chess, which he wanted desperately to do, he acknowledged at last his illness. Tjinder Singh is a charismatic frontman, and his refutation of past cultural imperialism with reference to It Ain’t Half Hot, Mum and Starsky and Hutch – ‘Melvyn Hayes is a Seventies honky, try Huggy Bear if you want it funky’ – is all the more potent for its gawkiness.And so to Stourbridge, the unlikeliest of pop Meccas. The company owns no aircraft, but with the aid of a sophisticated computer matches up idle aircraft around the world with clients wishing to hire them.Pre-tax profits in the year to the end of July fell to pounds 1.09m from pounds 1.2m on turnover 8 per cent lower at pounds 17.8m. They were eight and 37 miles behind with just under 4,600 miles to go to the first stopover in Rio de Janeiro after having started from Southampton on 26 September.A brisk north-westerly, which gave Adrian Donovan’s Heath Insured a best yet noon-to-noon round of 245.1 miles, had eased back, so recent average speeds of eight to nine knots are also now likely to reduce.Also taking the more easterly route nearer the African coast are Heath, the early leader Pride of Teesside, skippered by Ian MacGillivray, and Rhone-Poulenc, with John O’Driscoll in command.Both John Chittenden in Nuclear Electric and Pete Goss in Hofbrau have gone just west of the island, but furthest to the west are Wil Sutherland and his 13 crew on Commercial Union. Maybe the information highway can be installed more quickly, but some worry that the era of the 500-channel television, with all its interactive services, will probably take about 20 years, too.In past times, the monopoly ‘Ma Bell’ telephone company was strictly regulated like the electricity company. Of course, if the opposition starts destabilising Russia, Mr Yeltsin has the power to call a state of emergency, but he can be even less sure of the support of the army than he was in October. For a more modest deposit the society’s Quantum Fixed investment account looks attractive.
The result is line closures and slashed investments.’The only area that is resisting is that of suburban transport and underground systems – all the rest will get very tough,’ Mr Darmon said.GEC-Alsthom’s French parent, Alcatel-Alsthom, last month announced stable first- half net profits of Fr3bn ( pounds 353m) on slightly lower turnover. No Conservative Chancellor can accept for long the need to borrow pounds 1bn a week to finance the deficit.’Debt is debt, whether the result of the recession or not And all debt has to be serviced. Her bravery is also clear: a moderate, negotiating with the enemy in an environment of street-level militancy, she is in real physical danger.It is said that she is becoming closer to Arafat – which suggests that he, for one, is weighing her true value. There has been mixed reaction among church leaders and politicians to his involvement in the programme, particularly to his frank admission of adultery The media was more or less unanimous in its hostility. His only consolation can have been that this was The Cecil Parkinson Story (BBC2, Saturday), and not his own. After a long moment Frank said, ‘I’ll have another think about it,’ and he wandered off.I went and had a chat with the woman who has a plot on the other side of the brambles.
Over half the woodland sites in which butterflies are found are completely unmanaged or only partially managed, yet almost half are designated as sites of special scientific interest, supposedly protected and maintained by law. She must take a large responsibility for the curious association of sex and violence as activities equally to be deplored. For example, the actress playing Gertrude (Natasha Pope) has to keep performing the dressing-room ritual of turning herself into Ophelia – an emphatic reminder that, to the distorted perceptions of Hamlet (a vivid Rory Edwards), all women (Ophelia included) are Gertrudes-beneath-the-skin.To reinforce this sense of a world haunted by doppelgangers, the characters carry puppets, each bearing an uncanny, stylised likeness to themselves. They went on to start a Glam Rock Appreciation Society.Following impromptu performances at college discos, they soon graduated to a fully-fledged tribute band, the splendidly named All That Glitters, with the raven-haired Leigh as the Leader. ‘Money is very important, but it is not the decisive factor,’ said Mr Miyake.’We need to protect our customers, our dealers, our employees and our technology – that is a higher priority.’BMW believes that Honda’s hard-line stance is merely a negotiating ploy and that it would not sacrifice the estimated pounds 100m in profits yielded by the Rover links at a time when it is losing money in both Japan and the US.Bernd Pischetsrieder, BMW’s chairman, also speaking in Geneva, said there was a strong business logic in continuing to collaborate for both BMW and Honda.’We are all businessmen and we have the interests of our shareholders at heart,’ he said, adding that BMW would look favourably at further collaboration in the future.Richard Gaul, head of public relations at BMW, said: ‘If Honda chooses to run in the red in Europe as well as in the US and Japan, then the manager who decides that will be out of a job the next day.’Rover is also confident that Honda will not adopt a scorched earth policy and sever all ties.
Yesterday’s third stage of the Kellogg’s Tour of Britain covered 123 miles, and for 103 of those the Norwegian showed the spirit that defied his doctor when he wrote off Lauritzen’s sporting hopes after he had smashed his leg parachuting.
After finishing 47 seconds clear of the pack in the ride from Newport, Lauritzen told how he took to a bike to strengthen his damaged limb. The lack of immediate contact with art is not as much of a disaster as it may seem. The possibility that he was murdered has not been publicly ruled out.The investigators said they had deferred to the grief of Mr Foster’s family and friends by delaying detailed interviews with them until after the funeral. To explain, however, why an English film director should be shooting his latest feature at the end of Blackpool’s north pier, employing not locals but an all-Swedish cast, all-Swedish crew and even an all-Swedish title – Sista Dansen, or The Last Dance – requires more background.
One key detail is that Nutley, while scarcely a name to dangle at cinema parties in Britain as yet, is absolutely huge in Scandinavia.
