Warner’s recent law¬ suit claimed 0m for breach of contract The dispute cen¬ tres on a 0m loan Warner was due to make to Pa the to part-fond the latter’s acquisi¬ tion of MGM/U A.Page 10 GENENTECH, US biotechnol¬ ogy company, saw second quarter earnings fall to £m (£2£m) from 59.6m.Brent September prices closed up 87.5 cents at .80.
Page 2 An^hrlsfih As Differences remained unre¬ solved after six hours of talks between Northern Ireland Sec¬ retary Peter Brooke and Gerry Collins, the Irish Foreign Mm- hoping to break the political -- deadlock over Northern - Ireland.
His retraction - on the instructions of Downing Street - of his remarks alleging a “German racket” to take over Europe and vehemently attack¬ ing the Commission did little to take the political sting out of the row. Mrs Margaret Thatcher was said to remain reluctant to accept the departure of one of her most loyal and long-serv¬ ing ministers.
Senior ministers said that Mr Douglas Hurd, the Foreign Secretary, and Mr John Major, the Chancellor, had indicated that it would be impossible to repair the damage to Britain's relations with its European DTI d tih w ra another rough ride . Downing Street officials indicated that she was determined not to sack him.
Jerusalem alleges Men- gjstu is Hfil Hmg the Jews to ransom in the hope of extort¬ ing Israeli military aid.
■ Flood for po Burtton Yorkshire Water Services, a north of England water com¬ pany, was fined the maximum penalty of £4,000 after admit¬ ting it wiped out all fish along a trout stream by polluting the water with ferric sulphate.
Week- , end FT, Page H US financial markets ended the week stronger as the Fed¬ eral Reserve confirmed a small drop in interest rates.