A crowd of more than 7,000 saw one of the most exciting finishes in the history of the jump jockeys’ championship.After riding in a total of 1,807 races between them, Dunwoody finally emerged with 198 wins to Maguire’s 194. The situation is very different from Britain’s, with overdraft financing at one end and stock market equity at the other.’With a 10-year credit it is pretty close to having your own money because it gives the businessman the ability to calculate, to plan over the long term,’ says Alexander Hofkens, managing director of Spectro, a firm with DM100m world sales of spectral analysis instruments.Spectro may go to the stock exchange later, but at present is aiming to grow to DM300m sales on the back of bank loans.’The German system is founded on the golden rule of business – that the financing must match the investment,’ Mr Hofkens says. Its panellists (the likes of Nigel Kennedy are promised for the future) did a brave job. It is also a real cash cow, if you compare it to other newspaper groups such as the Telegraph.At that rate, sooner or later someone is going to buy MGN.

‘I think it is unlikely that there will be an agreement at Edinburgh,’ one said. In the circumstances, Mr Allen’s massive victory has a nationwide effect in increasing the clout of the gun lobby and the religious right – a depressing outcome for most of those who elected Bill Clinton as President a year ago this week.The results in the New York and New Jersey mayoral contests show far smaller swings, but they are also felt to symbolise a recovery of the right since in both cases Democratic incumbents were seen off by Republican challengers.The New York contest and its result are particularly fraught, in nationwide perceptions, because the defeated incumbent, David Dinkins, is black and the victorious challenger, Rudolph W Giuliani, is white. After a mighty row Royal Winton was expelled from the M&S shelves, condemning it to heavy losses.Frank Martin led a buyout after Coloroll’s receivership: all finance came from the managers. This seems to me a first-

rate idea: much less waste of life and potential than the slaughter of young males. But they were united in dreading a world in which buying decisions about their own products would ultimately be controlled by one of their rivals.And they feared the competitive edge that Merck would gain by having access to the huge database of information about product effectiveness and cost provided by Medco.The decision by SmithKline – the world’s third-largest drug group – appears to put the seal on the agenda set by Merck. Following are the details of the publication in which it appears.

Last year there were also 20 anabolic cases out of 48 positive findings.
Radford, who described the overall comparative figure in the last year as ‘encouraging but not necessarily significant’, added: ‘Stories about fancy, space-age new drugs which competitors are turning to may or may not be true, but there are old-fashioned ones still to deal with. The Post Office and British Rail are headache enough.The Government’s first privatisation priority is in any case the pounds 4bn sale of its remaining 40 per cent in Nuclear Electric’s rivals, National Power and PowerGen, pencilled in for early next year.Mr Collier and his colleagues will have to make a lot of noise for a very long time before they come anywhere near their heart’s desire. Volumes are erratic and the company also has to address some self-inflicted damage.According to Mr Inch, CMA has suffered because previous management cut sales and marketing expenditure in an ill-judged attempt to reduce costs.As a result, profits for the half- year to 30 April sank from pounds 536,000 to pounds 228,000. He’s at the Odeon to see A League of Their Own, a film about a women’s baseball team managed by a man who likes a drink or two.’I know who we should get]’ Tom says.’Kenny Dalglish?”Geena Davis Geena Davis in shorts. Cornhill Life still had a bond on sale yesterday paying 7 per cent on a minimum of pounds 1,000 for five years.Rates on savings accounts have yet to settle.

At one point in a conversation it even stops following the speakers and gazes at the interior decor instead, as if remembering that it’s rude to stare at people for too long. They needed some good fortune but were worthy of the lead Sharp gave them. SHARES of News Corporation stabilised yesterday after a sharp sell-off on Tuesday, apparently prompted by concerns among some US investors about Rupert Murdoch’s day-to-day involvement in its Fox subsidiary in Hollywood. They joked about feeling rejected when callers rang off as the Coronation Street theme music started up in the background, but talked of the importance of their position. Even stripping out pounds 44m from the March rights issue, the group has pounds 4m of net cash. Instead of the dismal offer to cut duties on Scotch whisky by 1 yen per litre, he offered to slash the tariff by 75 per cent. Unfortunately, we failed to communicate these beliefs when we first approached Royale Belge.With hindsight, perhaps we had become a victim of that excessively transactional period But whatever the reason, we were too aggressive.

Results at the group level were also heavily affected by adverse exchange rate movements.
‘In spite of a contraction in many of our markets, we have managed to maintain profits by winning market share,’ he said.The group explained that the tail end of a long and deep recession, before the effects of recovery fed through, was its most difficult period.’The high volumes of cases created early on in recession decrease again as the economy contracts. The search was carried out after an Athens radio station received an anonymous call saying the November 17 guerrilla group attempted to hit the 20,000-ton carrier with two 88mm rockets while it was in Piraeus.Police said they thought the rockets were set to go off last week but rain had fouled the timers, thwarting the attack.The guerrillas also claimed responsibility for a rocket attack on the Alico American Life Insurance company and a time-bomb attack on the Dutch Nationale Netherlanden insurance company yesterday. Bereft of his father, his inheritance, and his art, Oscar decides to get even by demanding the only restitution available to him – money. The assets seemed strong, ranging from African forests, through packaging and building materials to copy paper and scientific equipment.