Separately, it is also looking to restructure its debts with the possible issue of more than dollars 200m of unsecured loan notes with a seven-year maturity.The company confirmed yesterday that its banking syndicate was planning to sell up to 58 million WPP shares through ‘an orderly and organised sale’.Under the terms of a dollars 272m debt-for-equity swap last year, the banks will next week be allowed to convert 25 per cent of their WPP preference stock into ordinary shares at a notional price of 60p each.Although the move could result in a glut of WPP paper on the market, the shares rose 3p to 93p yesterday.Bottom Line, page 24(Photograph omitted). He cooked for three-and-a-half years with Alastair Little in Soho, spent 18 months as head chef of Odette’s in north London, and for a year was head chef of 192, the west London bar-restaurant.Praise for his food at the Fire Station must come with a proviso. Mrs Hammond, 50, was informed of the decision in a note put through her letterbox.Mr Hammond, 47, was refused a warrant for venture unit leader; his assistant district commissioner warrant was cancelled at the same time as he won the Scout Medal of Merit; and he had heard nothing formally since applying last November for his Scout leader’s warrant – until two weeks ago, when the group’s summer camp for 24 boys was due to start. The Germans could not staff the prison completely with their own people.

LOSSES at British Biotechnology, the pharmaceutical research and development company deepened from pounds 11.6m to pounds 13.1m as the company increased spending on clinical trials. Ever since Mr Yeltsin anounced ’special rule’ on television, the two sides have been following a completely different sets of rules. With hindsight, it might have been merciful if the final had been played over 18 holes.(Photograph omitted). THE EUROPEAN truck industry was facing a further shake-out yesterday as DAF, the Anglo- Dutch manufacturer, began the grim struggle for survival after being forced to seek court protection from its creditors, writes Michael Harrison. Only on a couple of occasions was any violence offered.’Detectives believe several groups are preying on drivers using the A40.

You have to do the best with the technology you have, but always be on the lookout for the technological leap you have to make.’While the large and rich will not hesitate to climb on to the bandwagon of technological advance, smaller players (Griffin has 300 staff) do not have the funds for technical change and have to wait for innovations to have a proven advantage before they invest.They exist, however, in an atmosphere which one IT recruiter describes as ‘manic’ and a headhunter declares riddled with hype. His view is that the present United are no more totally dependent on the form of Giggs than the 1967-68 side were on him. He asked his audience: ‘How many of you know someone in your age group who is dead because of drugs?’About 25 per cent of the more than 600 students present stood up. Earthly Powers (1980) must rank among the top 10 novels published since the Second World War, even if it was too craftily a synthesis of his other productions.

Tin, sugar and wheat councils admitted long ago that they could not buck the markets and scrapped the support operations. This means that women may see as many as 30 different professionals during pregnancy, labour and delivery, and that midwives rarely have a chance to use their skills to look after normal healthy women throughout their pregnancy.For almost 25 years the role of the midwife has been eroded so that she may feel like an obstetric nurse rather than an autonomous professional. It claims Iran is currently engaged on long-range missile and nuclear weapons programmes which will invite retaliation from the West. In 1936 they settled in a cottage on the Cliveden estate, in the shadow of Joyce’s aunt Nancy Astor, where royal balls and summonses to impromptu fancy dress parties were vicariously enjoyed by the couple, country cousins who yet harboured an incisive wit in Mrs Grenfell. Subsidiarity, the most important subject to be discussed, is so obscure that Jacques Delors has offered a prize to anyone who can explain it.

There were many difficulties, including the debt burden from the war, balance of payments deficits in the shattered economies, and in particular the rise in prices. In the professional top fuel class, their huge engines produce about 50 times the power of an ordinary saloon car. The Kenyan government has named conservationist David Western as director of the Wildlife Service in place of Richard Leakey, who resigned in protest against changes in conservation policies, AP reports from Nairobi.. It was also the year of the first spaceship (in J J Astor’s Journey in Other Worlds), and the first time a doorbell went ding-a-ling.