Virgin to sweeten Northern Rock deal: report
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Virgin Group will try to win over shareholders with a sweetened bid for Northern Rock on the eve of a speech by the British Chancellor to Parliament about the struggling UK bank, an unsourced Sunday Times report said.
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Entrepreneur Richard Branson's Virgin   Active is set to merge with the UK arm of Holmes Place to   create a 650 million pound ($1.24 billion) gym chain, The   Sunday Telegraph newspaper said, adding a deal could be   announced as early as Monday.
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Goldman Sachs is close to completing a  15 billion pound ($29.5 billion) financing package to be used  by suitors for UK lender Northern Rock , the Sunday  Times reported, adding details may be unveiled this week.
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Richard Branson's Virgin group is sizing up opportunities in the UK gaming market.
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Virgin has been told it is the frontrunner to take control of troubled bank Northern Rock, the BBC learns.
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Britain set a two-week deadline for a private-sector rescue of Northern Rock  on Monday as it confirmed plans to convert its billions of pounds of loans to the stricken bank into bonds in a bid to smooth a deal.
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Britain set a two-week deadline for a private-sector rescue of Northern Rock, as it confirmed plans to convert its almost 25 billions pounds ($49 billion) of loans to the stricken bank into bonds in a bid to smooth a deal.
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Virgin Media, the British cable company whose largest investor is Richard Branson, said that it had received a takeover proposal.
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U.S. financial services firm GMAC is preparing to spearhead a bid for British mortgage lender Northern Rock , according to Britain's Sunday Times newspaper.
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Business & money: Northern Rock's share price is expected to suffer a further slide as the prospect of a bid ebbed away.
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British cable operator Virgin Media   said on Monday it had received a bid approach from an  unnamed group, which sources familiar with the situation told  Reuters was U.S. private equity firm Carlyle Group
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The present policy of not allowing a foreign carrier to hold stake in domestic airlines has put a question mark on Virgin Atlantic chief Richard Branson&#39;s plans to acquire equity in private Indian airline companies.
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The Virgin consortium has been told it  is the front-runner to rescue ailing British bank Northern Rock  Plc  but it needs to improve its offer over the  alternative of nationalization, a person familiar with the  matter said.
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Investment firm Olivant quit the race on Monday to rescue ailing British bank Northern Rock &lt;NRK.L&gt;, leaving just two suitors in the running -- Richard Branson's Virgin Group and an "in-house" management team.
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Virgin Group will try to win  over shareholders with a sweetened bid for Northern Rock on the  eve of a speech by the British Chancellor to Parliament about  the struggling UK bank, an unsourced Sunday Times report said.
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SHANGHAI/LONDON  - Britain will back a plan to covert its lending to Northern Rock into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
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Britain's finance minister Alistair Darling is set to announce the nationalisation of troubled bank Northern Rock later Sunday, the BBC and Sky News television reported Sunday.