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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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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Richard Branson's Virgin group is sizing up opportunities in the UK gaming market.
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Cable operator NTL is buying out Virgin Net, the UK's fifth largest internet service provider, for an undisclosed sum.
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Sir Richard Branson&#39;s budget airline, Virgin Express, seems likely to disappear from the skies in two years&#39; time under the terms of a long-awaited merger with Belgium&#39;s SN Brussels.
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British Prime Minister Gordon Brown on Saturday confirmed receipt of a key report on the future financing of British bank Northern Rock, after claims its loans will be converted into bonds and sold.
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Billionaire Richard Branson, banker Luqman Arnold and an in-house management team are set to pitch formal offers for Britain's Northern Rock Plc  on Monday, the government's deadline for bids.
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A plan by the Treasury to keep troubled bank Northern Rock in the private sector is "workable," the head of one of the bidders for the firm, Virgin Group's Richard Branson, said Monday.
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Business & money: Sir Richard Branson's Virgin group left as frontrunner against in-house management team
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The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
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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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LONDON, February 27  /PRNewswire-FirstCall/ -- In this morning's edition of the Daily Telegraph BSkyB claims to have offered Virgin Media significant concessions and a new annual price of 90 pence per subscriber, or GBP32.4 million, for carriage of its basic channels on Virgin Media's network.
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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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Peers are expected to clash over Northern Rock amid claims its best assets have been 'hived off' to a private firm.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200.6 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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Carlyle's cash could come in handy Analysis: Private equity group Carlyle is bidding to take over Virgin Media, the UK's cable monopoly formerly known as NTL. We reckon Branson should take the money. He could get shot of the debt-burdened albatross, and put the money to good use elsewhere in the Virgin telco empire.â¦
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The Bank of England has agreed to provide emergency funding to mortgage lender Northern Rock after it fell victim to the liquidity squeeze in the banking sector, media reports said on Thursday.