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Latest Finance News related to Virgin Group

Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
.... The idea was to tell the story of Virgin Money, which is backed by Sir Richard Branson. The business started in 1994 when the insurer Norwich Union – her then employer – linked up with Branson’s Virgin Group to launch a savings and pensions product. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
....After going to university in Cape Town, he trained as an accountant, and moved to the UK in his mid-20s. Mr Gormley then worked in private equity for seven years before joining Sir Richard Branson's Virgin Group. ...
FTSE 100 climbs as retail sales beat forecasts and Anglo American rises image
Source : Guardian [Read Article] Thursday 17th of November 2016 09:57:36 AM
.... Investec said:. This increases the free-float to around 65%, leaving only Virgin Group’s 35% stake which, (rightly or wrongly), we assume to be a “quasi-permanent” investment rather than presenting a private equity style “overhang” risk. ...
Richard Branson reveals prototype for supersonic passenger aircraft image
Source : Guardian [Read Article] Tuesday 15th of November 2016 01:00:17 PM
....5-hour flights from London to New York for an “affordable” $5,000 return. The billionaire Virgin Group founder said his Spaceship company would help Denver-based startup Boom build a new generation of supersonic jets and reintroduce transatlantic flight times unseen since Concorde was scrapped. ...
UK firms say it's business as usual but Branson warns on recession image
Source : Guardian [Read Article] Tuesday 28th of June 2016 07:24:57 AM
....British companies are lining up to reassure staff and shareholders following the market turmoil sparked by the UK’s vote to leave the European Union, although Sir Richard Branson is warning that “thousands of jobs” have been put at risk. The Virgin Group founder said Chinese business partners were already pulling investment from the UK after the EU referendum. ...
City news: M&S chief, Virgin airline sale, Chemring and Chapel Down image
Source : Daily Express [Read Article] Tuesday 5th of April 2016 12:01:00 AM
....8billion. Branson’s Virgin Group owns about 30 per cent of the California-based budget airline. ...
Sir Richard Branson's Virgin deals image
Source : Guardian [Read Article] Monday 4th of April 2016 05:35:40 PM
....Related: Virgin America bought by Alaska Airlines, triggering Branson windfall. In need of cash, Virgin Group sold 49% of its transatlantic airline to Singapore Airlines in 1999 for £600m. ...
Virgin America bought by Alaska Air, triggering Branson windfall image
Source : Guardian [Read Article] Monday 4th of April 2016 11:37:18 AM
....Shares in Virgin America soared last month after reports that the company was in sale talks. Branson’s Virgin Group owns about 30% after floating the business on the stock market in 2014 at $23 a share, valuing it at about $1. ...
Alaska Air to acquire Virgin America image
Source : BBC [Read Article] Monday 4th of April 2016 10:49:56 AM
....Virgin America, which accounts for about 1. 5% of US domestic flight capacity, was listed on the US stock market in 2014 as an offshoot of London-based Virgin Group. ...
Supersonic jet startup vows 'affordable' travel – if you have $5,000 to spare image
....5-hour passenger flights between London and New York 13 years after Concorde was decommissioned. “Richard has long expressed interest in developing high-speed flight and building high speed flight R&D through Virgin Galactic and our manufacturing organization, The Spaceship Company,” a Virgin Group spokeswoman said. ...
Supersonic jet startup vows 'affordable' travel – if you have $5,000 to spare image
....5-hour passenger flights between London and New York 13 years after Concorde was decommissioned. “Richard has long expressed interest in developing high-speed flight and building high speed flight R&D through Virgin Galactic and our manufacturing organization, The Spaceship Company,” a Virgin Group spokeswoman said. ...
Virgin Money profits jump 53% image
Source : BBC [Read Article] Wednesday 2nd of March 2016 08:07:39 AM
Will not criticising make you a better boss? image
Source : BBC [Read Article] Tuesday 9th of February 2016 12:05:34 AM
.... "Looking at myself in the mirror for five minutes wasn't much fun so I stopped ever criticising people," he says. Even once he grew up to become the founder of Virgin Group - which has gone from a mail order record company to having businesses in telecoms, travel and financial services - it's a practice he's stuck to. ...
The millennial generation shaking up the workplace rules image
Source : BBC [Read Article] Tuesday 2nd of February 2016 12:42:48 AM
. Virgin Group recently held what it called "a corporate day" asking its employees to behave in the way many traditional firms require - for just one day. ...
Virgin Money joins the 40 month balance transfer club image
Source : Telegraph [Read Article] Saturday 30th of January 2016 09:31:56 AM
.... . Card holders will have access to Virgin Money Lounges, as well as other special offers and discounts from the Virgin Group. ...
How to be a better public speaker image
Source : BBC [Read Article] Tuesday 26th of January 2016 12:04:27 AM
.... . However, Virgin Group founder Sir Richard Branson, who regularly speaks in front of big audiences, warns that it's important not to become too polished. ...
JCB mobile phone maker Bullitt calls in chief executive from Virgin image
Source : Telegraph [Read Article] Friday 11th of December 2015 06:00:40 AM
. Bullitt Group, the British electronics maker behind rugged JCB and CAT-branded mobile phones, has called in a new chief executive from Virgin Group to steer its expansion. ...
US companies with the worst holiday policies for employees include Dish Network and Rite Aid image
....”. Virgin Management’s open vacation policy is still in effect, according to a company representative, though the US employees for that branch of the Virgin Group number only 15. ...
The two men taking on the banks image
Source : BBC [Read Article] Monday 5th of October 2015 11:01:39 PM
....". The business has an impressive roster of investors such as Virgin Group founder Sir Richard Branson, PayPal co-founder and early Facebook investor Peter Thiel and David Yu, one of the founders of Betfair. ...
City news: Sabadell, TSB, Acacia, Virgin Active, Applegreen  image
Source : Daily Express [Read Article] Tuesday 15th of September 2015 12:01:00 AM
....VIRGIN Active is flexing its financial muscle after its recent takeover by stepping up expansion in Asia Pacific. The 260-plus gym chain, bought out in a £682million deal by South African investment firm Brait with Sir Richard Branson’s Virgin Group retaining 20 per cent, plans to open six new clubs in Thailand over the next three years, while its Australian outlets will increase by 14 to 20. ...
The week ahead in business and finance image
Source : Telegraph [Read Article] Sunday 13th of September 2015 04:40:25 PM
.... There have been signs recently that the company’s big, expensive, long-term bet that there will be big demand for broadband via space – from Africa and other areas that may never get fibre-optic networks on the ground – could eventually pay off. Virgin Group and Qualcomm’s recently unveiled OneWeb initiative is aiming to achieve much the same as Avanti, for instance. ...
UTV shares rise as it confirms ITV talks image
Source : Guardian [Read Article] Monday 24th of August 2015 07:52:47 AM
....The company also has an Irish radio business, comprising Belfast-based station U105 and eight channels in the Republic. UTV is also to launch a number of new digital radio stations as part of a consortium, with partners Bauer Media and Arqiva, including reviving the Virgin Radio brand in partnership with Richard Branson’s Virgin Group. ...
Braking error led to spaceship crash image
Source : BBC [Read Article] Tuesday 28th of July 2015 03:37:35 PM
....It had been undergoing a powered test flight over the desert north of Los Angeles. Virgin Group founder Sir Richard Branson said after the disaster that he was "shocked and saddened" by the "tragic loss". ...
Virgin Atlantic to cut 500 jobs image
Source : BBC [Read Article] Tuesday 30th of June 2015 08:20:28 PM
....Virgin Atlantic is cutting about 500 managerial and support jobs just months after the airline announced a return to profit. The carrier, controlled by Sir Richard Branson's Virgin Group, said the aim was to create a simpler, more efficient structure with few management layers. ...
Virgin Atlantic to cut 500 jobs image
Source : Telegraph [Read Article] Tuesday 30th of June 2015 06:48:48 PM
.... . The transatlantic airline, which is 51pc-owned by Sir Richard Branson’s Virgin Group, currently has about 9,000 employees. ...
Richard Branson backs three small businesses at pitching event image
Source : Guardian [Read Article] Friday 26th of June 2015 04:14:07 PM
.... At the live final on Friday they were each given a few minutes to pitch in front of the judges, who quizzed them about their propositions, before deliberating about the winners. On top of the prize money, the three winners will receive unlimited train travel on Virgin Trains, membership to not-for-profit private members club, The House of St Barnabas, and will be given access to mentoring and networking opportunities through the Virgin Group. ...
Broadband space race heats up as Airbus and Virgin Group join OneWeb image
Source : Guardian [Read Article] Thursday 25th of June 2015 09:09:34 PM
. The broadband space race has received a $500m boost after Airbus, Coca-Cola and Virgin Group joined other funders in backing a venture to bring the internet to the most remote corners of the planet. ...
Sir Richard Branson: IAG buying Aer Lingus is absolutely wrong image
Source : Telegraph [Read Article] Thursday 11th of June 2015 06:00:47 PM
....” . Asked whether Virgin Atlantic - which is 51pc owned by Virgin Group, with the rest held by US airline Delta - had looked at buying Aer Lingus, Sir Richard added: “We have considered it. ...
'Alpha male' bankers criticised image
Source : BBC [Read Article] Thursday 11th of June 2015 08:25:14 AM
....". As the female boss of a High Street bank, Ms Gadhia's speaking out about "alpha males" could be seen as part of a wider strategy by the Virgin Group, which has recently implemented more family-friendly workplace policies. ...
Virgin Atlantic pushes regulators to examine Aer Lingus deal image
Source : Telegraph [Read Article] Tuesday 9th of June 2015 11:44:23 AM
.... Virgin and IAG are fierce rivals and the purchase of Aer Lingus will provide a significant boost to the latter’s transatlantic operations. Virgin is 51pc owned by Sir Richard Branson's Virgin Group and 49pc owned by Delta. ...
Richard Branson grants new fathers at Virgin up to 12 months' paternity leave on full pay image
.... Newer recruits get remunerated proportionately, from 25 per cent for less than two years’ service – though that’s likely to still be higher than the statutory deal. Secondly, the offer only applies to employees of Virgin Management, the overarching investment and brand licensing arm of the global Virgin Group. ...
Amazon founder Jeff Bezos' rocket company launches first craft - but did it make it to space? image
.... . Blue Origin is among a handful of companies - including Virgin Galactic, a US offshoot of Sir Richard Branson’s Virgin Group, and XCOR Aerospace - developing privately-owned spaceships to fly experiments, satellites and people into space. ...
South African firm buys Virgin Active image
Source : BBC [Read Article] Thursday 16th of April 2015 08:30:19 AM
....South African investment firm Brait has provisionally agreed to buy 80% of Virgin Active for $1bn (£673m). Sir Richard Branson's Virgin Group will retain a 20% holding in the chain, which owns 267 gyms in nine countries. ...
Virgin Active stake sold to South Africa's Brait for £682m image
Source : Guardian [Read Article] Thursday 16th of April 2015 08:10:32 AM
. Sir Richard Branson will bank £230m from the sale of Virgin Group’s stake in the fitness chain Virgin Active, in the latest multi-million pound windfall for his business empire. ...
. Virgin Cruises, the yet-to-be-inaugurated ocean-going cruise ship company unveiled last December, has sailed into early choppy waters as a former CEO of Norwegian Cruise Line sued owner Richard Branson and his Virgin Group for allegedly stealing his ideas and business plans. ...
Richard Branson sued for 'stealing cruise ship idea' image
Source : Telegraph [Read Article] Wednesday 11th of March 2015 07:52:10 PM
. The former chief executive of Norwegian Cruise Line is suing British billionaire Sir Richard Branson and his Virgin Group conglomerate, claiming that Virgin stole his ideas and business plans to enter the luxury cruise industry. ...
Virgin Atlantic returns to profit image
Source : Telegraph [Read Article] Tuesday 10th of March 2015 12:09:38 AM
.... . Virgin Atlantic, which is 51pc owned by Sir Richard Branson's Virgin Group, changed its financial year-end from February, muddying direct comparisons with previous years. ...
Why Sir Ben Ainslie's attempt to win the America's Cup will be the greenest yet image
....” . BAR’s challenge for the Cup could gain the backing of Sir Richard Branson’s Virgin Group, The Sunday Telegraph revealed at the weekend. ...
Virgin may buoy Ainslie's sailing quest image
Source : Telegraph [Read Article] Saturday 24th of January 2015 08:15:21 PM
. Sir Richard Branson’s Virgin Group is considering backing Sir Ben Ainslie’s America’s Cup bid, in a move that would propel the fortunes of the Olympic gold medallist yet further. ...
Sir Richard Branson's Virgin enters space race for global web access image
Source : Telegraph [Read Article] Thursday 15th of January 2015 12:24:45 PM
.... . The deal was announced as the billionaire’s Virgin Group was unveiled as an initial investor in OneWeb, along with Qualcomm, a US telecoms company. ...
Sir Richard Branson: Why I continued with Virgin Galactic after fatal crash image
.... SpaceShipTwo test pilots Peter Siebold, left, and Michael Alsbury Picture: AP . The Virgin Group founder said he had experienced some “hairy moments in previous adventures” with the sinking of powerboat trying to set the fastest Atlantic crossing and a ballooning “that didn’t quite go to plan” but that he had never experienced “anything quite as intense as the destruction of our spaceship and the heart-breaking loss of its pilot”. ...
Sir Richard Branson's detractors should not sneer at the East Coast decision  image
Source : Telegraph [Read Article] Thursday 27th of November 2014 10:12:23 PM
.... It was December 2004 . The Virgin Group founder, speaking in Hong Kong, hoped he would win the inter-city franchise to add to Virgin Trains’ existing West Coast and Cross Country franchises. ...
Virgin America shares surge on US stock market debut image
Source : BBC [Read Article] Friday 14th of November 2014 06:00:49 PM
....Shares in Richard Branson's Virgin America airline surged more than 30% in their first day of trading on the Nasdaq stock exchange in New York. Mr Branson owns nearly 25% of the company, which is an offshoot of his London-based Virgin Group. ...
Dashwood: From oil to steel for billionaire behind Milford Haven's failed rescue bid image
.... . Sir Howard also mocked Virgin Group founder Sir Richard Branson for wanting to build four more runways at Heathrow and one more at Gatwick, and was about to attack the colourful Ryanair boss, Michael O’Leary, when he realised it was a “family occasion”. ...
Branson under fire for second major deal since space tragedy image
Source : Independent [Read Article] Tuesday 4th of November 2014 12:43:26 PM
....It comes after Sir Richard faced criticism for pressing ahead yesterday with another listing, of the airline Virgin America, just three days after pilot Michael Alsbury died in the Virgin Galactic tragedy. The carrier is hoping to raise $368m (£230m) through a $1bn float in New York; Sir Richard’s Virgin Group has just under a 25 per cent stake. ...
Sir Richard Branson defends Virgin Galactic: Space tourism 'worth the risk' image
Source : Independent [Read Article] Tuesday 4th of November 2014 12:10:11 PM
. Virgin Group founder Sir Richard Branson has defended Virgin Galactic's space programme, insisting the risk is "worth it" following the fatal crash of the SpaceShipTwo, which resulted in the death of test pilot Michael Alsbury. ...
Virgin Galactic crash: 'Dozens' of investors consider pulling out of space programme image
....” . Owned by Sir Richard’s Virgin Group and Aabar Investments PJS of Abu Dhabi, Virgin Galactic aims to fly people more than 62 miles (100km) above Earth. ...
Virgin America confirms IPO plans as it seeks $1 billion valuation on NASDAQ image
Source : Independent [Read Article] Monday 3rd of November 2014 04:56:52 PM
.... That would value Virgin America at $1 billion at the top end of the range. Branson owns a 22 per cent stake through Virgin Group. ...
Business benefits: from Facebook's egg freezing to Virgin unlimited holidays image
....Apple and Facebook are not the only companies introducing radical measures to retain staff. Richard Branson’s Virgin Group is following in the footsteps of Netflix and piloting another hyped-up benefit – that of unlimited holiday to employees in its London, New York and Geneva offices. ...
Bring on Bitcoin: why Richard Branson and Bill Gates support the currency image
Source : Telegraph [Read Article] Wednesday 8th of October 2014 09:45:15 AM
.... . “The potential for a global transformation in payments powered by Bitcoin is very exciting,” Branson, founder of Virgin Group Ltd. ...
Sir Richard Branson's Virgin Atlantic ends Little Red domestic service  image
Source : Telegraph [Read Article] Monday 6th of October 2014 12:15:36 PM
.... . The Virgin Group-backed airline however reaffirmed its commitment to Scotland and the North of England, with long-haul flights from Manchester and Glasgow to desinations including Orlando and Las Vegas. ...
Virgin Money reveals plans for £2 billion float image
Source : Independent [Read Article] Thursday 2nd of October 2014 08:44:37 AM
....The lender employs more than 2,500 staff, with 1,700 based in Gosforth, Newcastle, and 200 in Norwich. It is owned by Sir Richard Branson's Virgin Group, Wall Street billionaire Wilbur Ross and an Abu Dhabi investment fund. ...
Virgin Money float plan values bank at up to £2bn image
Source : Guardian [Read Article] Thursday 2nd of October 2014 08:00:30 AM
.... However, the flotation of a 25% stake in the bank could force further scrutiny of the price paid for Northern Rock by the Virgin consortium, which includes US investor Wilbur Ross. Branson’s Virgin Group owns 47% of Virgin Money, with Ross owning about 45% and the rest by other investors. ...
Virgin Money unveils plans to raise £150m in London IPO image
Source : Telegraph [Read Article] Thursday 2nd of October 2014 06:30:57 AM
.... . Sir Richard’s Virgin Group owns 47pc of financial services business, Wilbur Ross, the American investor, holds a 45pc stake and an Abu Dhai fund also owns 6pc of the company. ...
Virgin Money to announce £2bn stock market flotation image
Source : Guardian [Read Article] Sunday 28th of September 2014 07:08:20 PM
....The move, which has been widely expected, will also provide a small £50m windfall for the taxpayer, which Virgin Money agreed to pay to the Treasury if they floated the bank on the stockmarket before 2016. Branson’s Virgin Group owns 47% of Virgin Money, with US billionaire Wilbur Ross owning about 45%, although bank insiders say that neither major shareholder is looking to sell out totally. ...
Sir Richard Branson to launch Virgin Money on stock market image
Source : Daily Express [Read Article] Sunday 28th of September 2014 06:58:00 PM
....The financial services business is expected to confirm its plans for the flotation within days. Branson’s Virgin Group owns a 47 per cent stake in the business which in 2011 bought part of Northern Rock from the Government. ...
VIDEO: 'Unlimited holiday policy works' image
Source : BBC [Read Article] Thursday 25th of September 2014 10:48:02 AM
. The boss of Virgin Group, Sir Richard Branson, is offering his personal staff as much holiday as they want. ...
Virgin's Richard Branson offers staff unlimited holiday image
Source : BBC [Read Article] Wednesday 24th of September 2014 10:49:34 PM
. The boss of Virgin Group, Sir Richard Branson, is offering his personal staff as much holiday as they want. ...
Richard Branson wants us all to have completely unlimited holiday time off work image
Source : Independent [Read Article] Wednesday 24th of September 2014 11:08:13 AM
....Billionaire ‘man of the people’ Richard Branson has just significantly upped his popularity by insisting that everyone should be able to take time off work - whenever they want. “It is left to the employee alone to decide if and when he or she feels like taking a few hours a day, a week or a month off,” the Virgin Group entrepreneur writes in an excerpt from his new book, The Virgin Way: Everything I Know About Leadership, published via his blog. ...
Source : Independent [Read Article] Sunday 14th of September 2014 11:44:34 PM
Virgin Money preparing for IPO after profits quadruple image
Source : Guardian [Read Article] Friday 12th of September 2014 12:21:38 PM
....An increase in the provision for the amount that must be paid to the government in the event the business goes public was also taken as a sign that a float is on the way. When Branson's Virgin Group, Wall Street billionaire Wilbur Ross and an Abu Dhabi investment fund acquired Northern Rock for £747m in 2011, they agreed to pay the Treasury £50m if they floated the bank on the stockmarket by 2016. ...
City veteran Glen Moreno hands IPO boost to Virgin Money image
Source : Telegraph [Read Article] Friday 12th of September 2014 10:16:14 AM
.... . On Friday, Virgin Money, which is 47pc owned Sir Richard's Virgin Group and 45pc by the US mogul Wilbur Ross, said underlying profits in the first half of the year had quadrupled, from £13. ...
Ice Bucket Challenge: The best charity videos from business leaders image
Source : Independent [Read Article] Friday 5th of September 2014 10:25:48 AM
....In case you missed them, here’s a look back at their efforts - hopefully they donated more than the suggested $10…. Richard Branson, Virgin Group founder . ...
Virgin Atlantic refocusing on US flights after dropping Japan and Canada routes image
Source : Daily Express [Read Article] Thursday 4th of September 2014 12:00:00 AM
....”. The airline is hoping the flight changes will return it to profitability and help highlight the benefits of its tie-up with US Delta Airlines, which owns a 49 per cent stake while Branson’s Virgin Group owns 51 per cent. ...
WPP advertising profits hit by Ukraine crisis image
Source : Daily Express [Read Article] Sunday 24th of August 2014 12:01:00 AM
....”. Sorrell’s remarks come after Virgin Group founder Sir Richard Branson, Unilever chief executive Paul Polman and 14 other leading business figures from Russia, the Ukraine and the West came together to call for a “peaceful resolution” of the crisis in an open letter. ...
Virgin America files for US IPO image
Source : Telegraph [Read Article] Monday 28th of July 2014 09:30:58 PM
.... The carrier, which started flying in 2007, offers flights to 22 cities in the US and Mexico, with a fleet of 53 Airbus A320 aircraft. Floating would allow Virgin America to expand its fleet to closer to 100 and would also position Branson's Virgin Group and fellow shareholder hedge fund Cyrus Capital, to sell part of their stakes. ...
Virgin America float to fund US expansion image
Source : Guardian [Read Article] Monday 28th of July 2014 12:44:40 PM
.... The airline expects to expand its aircraft fleet by at least 20% but said there was "significant flexibility" in the growth plan. A spokesman said that Virgin Group Holdings, Branson's company incorporated in the British Virgin Islands, has 49% of the economic interest and 25% of the voting equity in the airline. ...
COMMENT: Keep the bubbly on ice it's too early to toast recovery image
Source : Daily Express [Read Article] Sunday 27th of July 2014 12:01:00 AM
....This is not the time for triumphalism. According to billionaire Virgin Group founder Sir Richard Branson, the struggle of getting the work/life balance right may soon tilt decisively in favour of the latter. ...
Virgin boss Sir Richard Branson flies into airports row image
Source : Daily Express [Read Article] Sunday 6th of July 2014 12:01:00 AM
....”. The Virgin Group chief’s calls go much further than the expansion plans the two rival airport operators have submitted to the Commission. ...
Virgin Trains invests £430m to run West Coast image
Source : Daily Express [Read Article] Friday 20th of June 2014 12:00:00 AM
....After errors were found in the Department for Transport’s bidding process several civil servants were suspended and Virgin was handed back the franchise on a temporary basis. Virgin Trains is part of Virgin Rail Group, jointly owned by Sir Richard Branson’s Virgin Group and train and bus operator Stagecoach. ...
City Diary: Rich descend on The Dorchester for 'fun' advice despite boycott image
.... . Sir Richard Branson, the Virgin Group founder, and Francois-Henri Pinault, the chairman of Kering, are among the captains of industry who have boycotted the 10 hotels owned by the Sultan of Brunei under his Dorchester Collection, after he recently introduced sharia law that increases the punishment for homosexuality to death by stoning. ...
Richard Branson set for £100million windfall after talks to sell Virgin Media France image
. Branson’s Virgin Group and mobile phone chain Carphone Warehouse, which has unveiled a £3. ...

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