Week in Business: The billionaires backing Britain Video BlackRock CEO Larry Fink, Virgin supremo Sir Richard Branson, businessman John Caudwell and JP Morgan top dog Jamie Dimon – quite the quartet – have all made some fascinating interventions this week. Let’s start with BlackRock, the world’s largest investor, running more than $11 trillion on behalf of pension funds, private clients and sovereign wealth [...]
Virgin Wines: ‘A decent Christmas was needed and delivered’ Retail Virgin Wines delivered a strong Christmas trading performance and outperformed the wider market, although revenue remained flat year on year. Revenue increased by 6.7 per cent year-on year during the six weeks to 27 December, 2024, the company told markets this morning. Sales rose nine per cent in December 2024 versus December 2023, reaching the highest level since the Covid-19 lockdowns, [...]
Virgin Active: Billionaire owner of Richard Branson-founded gym chain eyes UK listing Business The billionaire majority owner of Virgin Active is looking to list the business in the UK, according to reports. South African Christo Wiese owns the company private equity firm Brait, while Richard Branson’s Virgin Group holds a 16.8 per cent stake. A listing is “most likely” to be in the UK, with a secondary offer [...]
Virgin Active continues to make huge loss despite revenue passing £500m October 28, 2024 Virgin Active continued to make a huge pre-tax loss during its latest financial year despite its revenue passing £500m, it has been revealed. The London-headquartered chain has posted a pre-tax loss of £146.7m for 2023, after also reporting a loss of £147.3m in 2022. The last time the group made a pre-tax profit was the [...]
Boardroom Uncovered: How Virgin Group’s CEO went from New Zealand to running Richard Branson’s empire July 30, 2024 Boardroom Uncovered is City A.M.‘s on-camera interview series featuring the CEOs of the biggest and best-known companies operating in the UK.
Virgin Wines returns to black as subscription sign ups soar July 25, 2024 Virgin Wines has returned to profitability despite a "challenging" backdrop, with its wine subscription service helping to offset its increased running costs.
Richard Branson’s Virgin Hotels to open first London hotel in Shoreditch June 13, 2024 Virgin Hotels, the luxury lifestyle hospitality brand owned by Sir Richard Branson’s Virgin Group, has announced its first London hotel will open this August in Shoreditch.
Wizz Air is the UK’s least punctual airline for the third year running while Virgin among the best June 13, 2024 The budget airline's flights from British airports were on average 31 minutes and 36 seconds behind schedule in 2023.
The sooner the better for a Eurostar competitor – but it won’t be smooth sailing June 4, 2024 An end to Eurostar's monopoly on the Channel Tunnel can only be a good thing for passengers, Guy Taylor argues
Competition watchdog launches Nationwide-Virgin Money £2.9bn merger probe May 31, 2024 The watchdog told markets this morning that the merger notice met criteria laid out in the enterprise act.