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.
Malaysia Airlines plane crash exposes alarming flaw in airline security: over one billion flights made last year without stolen-passport check
Kim Jong-un wins 100% of the vote in North Korean elections
Teacher shows sex tape featuring herself to pupils during class by mistake
Malaysia Airlines Flight MH370: Oil slicks in South China Sea ‘not from missing jet’, officials say
Swarm of killer bees sting woman 1,000 times
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 3 Teacher shows sex tape featuring herself to pupils during class by mistake
- 4 David Cameron resorts to paying for Facebook fans because not enough people like him
- 5 Steve Irwin’s final words: Cameraman present at death opens up about deadly stingray attack for the first time
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