Virgin Atlantic set to raise £160m amid ongoing travel restrictions March 13, 2021 Virgin Atlantic is in discussions to raise £160m from shareholders and creditors as the airline seeks to shore up its finances ahead of the planned reopening of travel in the coming months. Billionaire businessman Sir Richard Branson is set to provide the bulk of the funding through Virgin Group, which is expected to inject around [...]
SPACs: The blank cheque vehicles loved by Richard Branson, Tidjane Thiam and Wilbur Ross February 4, 2021 With backing from the likes of Richard Branson, former US commerce secretary Wilbur Ross, City grandee Martin Gilbert and even the boss of the LSE, the vehicles known as special acquisition companies (SPACs) provide a quick and easy way for private companies to go public.
DNA testing firm23andMe linked to Richard Branson’s VG Acquisition Corp in move to go public January 27, 2021 DNA-testing company 23andMe is reportedly in talks to go public through a $4bn deal with Richard Branson's VG Acquisition Corp
Living up to the hype? Virgin Hyperloop uses its top executives as guinea pigs in first human tests November 9, 2020 Virgin Hyperloop uses its top executives as guinea pigs in first human tests
Richard Branson hits out as Virgin Australia goes into administration April 21, 2020 Billionaire businessman Sir Richard Branson has hit out at the Australian government after low-cost airline Virgin Australia went into administration this morning. In an open letter, Branson, whose Virgin group owns 10 per cent of the airline, wrote: “In most countries federal governments have stepped in, in this unprecedented crisis for aviation, to help their [...]
Richard Branson pledges $250m to protect jobs from coronavirus March 22, 2020 Richard Branson has pledged that his Virgin empire will invest $250m over the next few months to protect jobs from the impact of the coronavirus pandemic. The entrepreneur, who owns the Virgin Atlantic airline, said many of his businesses in the travel and leisure sector were in a “massive battle” to survive as flights have [...]
Richard Branson’s Virgin Galactic spaceship passes construction milestone January 8, 2020 Sir Richard Branson’s Virgin Galactic has reached a major milestone in the construction of its next passenger spaceship, it said. All major structural elements have been assembled, and the rocket is standing on its landing gear at Mojave Air and Space Port in California. Read more: Sir Richard Branson set to launch Virgin Galactic IPO [...]
Virgin Trains manager jumps ship to First Group for west coast main line railway takeover November 26, 2019 First Group has poached the boss of Virgin Trains just in time to take over the west coast main line rail franchise in 12 days’ time. Phil Whittingham, who has been at Virgin since it took control of the country’s most lucrative rail network in 1998, will keep running the line, which connects London to [...]
Sir Richard Branson to make a third bid for the National Lottery November 24, 2019 Sir Richard Branson will make a third attempt to wrest control of the National Lottery from incumbent Camelot, almost twenty years on from the last of his past efforts. The decision to enter the running to displace the Canadian company as the lottery operator reignites a rivalry that in the past led to a High [...]
Top tips for negotiations from Sir Richard Branson November 8, 2019 Israel is famous for its savvy negotiators. So to launch the new Virgin Atlantic route from London to Tel Aviv, I went head-to-head with its residents to put my skills to the test — and I had to bring my A-game. It was no easy feat. The people of Tel Aviv know how to drive [...]