Business News in Brief: 10/10/2010
Sunday 10 October 2010
Bank of America renews Canary Wharf lease
Bank of America is close to agreeing terms to renew its lease at 5 Canada Square in London's Canary Wharf.
The bank, which merged with Merrill Lynch in 2009, occupies 300,000 sq ft of office space on a sublease from Credit Suisse in the building which is owned by private investment bank Evans Randall. The bank had a option to break its lease in 2012 and could have relocated to the Square Mile. It is an important occupier for London's Docklands to retain.
Versace set to report positive growth
Versace will make a half-year statement on Tuesday detailing the latest progress in its restructuring which began when its chief executive, Gian Giacomo Ferraris, took over. The luxury fashion retailer, whose creative designer is Donatella Versace, left, will be the latest Italian fashion house to report what is expected to be positive growth news. Prada and Ferragamo have already forecast a better 2010 after reporting double-digit revenue rises.
Poland to float stake in Warsaw Stock Exchange
Poland's state treasury is to float a 64 per cent stake in the Warsaw Stock Exchange, the largest bourse in central and eastern Europe, on 9 November as part of its privatisation programme. The listing is expected to raise 1.3bn zloty (£285m) and will reduce the treasury's 99 per cent ownership. The exchange, the fastest growing in Europe, has 383 listed companies with a market capitalisation of 727bn zloty. Last year it had an operating profit of 79.5m zloty.
- 1 Fifty Shades of Grey trailer released: First look at Jamie Dornan as Christian Grey
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 50 books for students to read this summer: From Ernest Hemingway to Gillian Flynn
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Rebecca Hall on her film career so far: ‘I’ve played too many repressed neurotics’
Israel-Gaza conflict: Israeli targeting policy under scrutiny after shellfire hits a mother and child, a school full of refugees and a doctor’s home
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Iraq crisis: Isis orders Mosul shop keepers to cover mannequins
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£60000 per annum: Harrington Starr: Trade Desk Specialist (Linux, Windows, FIX...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£70000 - £90000 per annum + Job Satisfaction: Harrington Starr: Project Manage...
£300 - £350 per day: Harrington Starr: C#.NET Developer C#, WPF,BLL,MVVM, SOA...