Virgin Media O2 slashes social tariff broadband price for struggling Brits October 11, 2022 Virgin Media O2 has slashed the price of its social tariff as the telecom giant follows calls to support the hardest hit by macroeconomic headwinds. The price of the basic band, which is specifically targeted at those receiving Universal Credit, will drop by 16 per cent to £12.50 per month for all new and existing customers, making [...]
Richard Branson pumps £30m windfall into Virgin Brands October 4, 2022 Richard Branson has invested some £30m worth of royalties back into his Virgin brand. The British billionaire pumped £25m into the Virgin group last year, down from £85m in 2018. The cash is intended to help support the businesses hit hardest by successive Covid-19 lockdowns worldwide, namely Virgin Atlantic. Virgin Galactic, Branson’s lagging space venture, [...]
Data watchdog takes action against Virgin Media and six public bodies over information request failings September 28, 2022 The UK’s information watchdog has taken action against Virgin Media and six public bodies over their repeated failures to respond to members of the public when asked to hand over personal information. The Information Commissioner’s Office (ICO) said the seven public and private sector bodies had repeatedly failed to respond to Subject Access Requests (SAR) [...]
Virgin Money reports jump in accounts as lender braces for cost of living crunch August 2, 2022 Virgin Money boss David Duffy said the lender was braced to support customers through a cost of living crunch today as the high street lender reported a jump in digital personal and business accounts in the third quarter of the year.
Virgin Money to give out £1,000 bonuses to help staff deal with cost-of-living crunch July 19, 2022 Virgin Money today told staff it will be giving out £1,000 bonuses to all workers on salaries of less than £50,000 a year to help them deal with the UK’s cost-of-living crisis. In an internal memo seen by City A.M., Virgin Money chief executive David Duffy told staff earning less than £50,000 that they will [...]
Battle of the telcos: BT fails to block Virgin Media’s title as fastest broadband May 4, 2022 BT has failed in its bid to stop Virgin Media from claiming to be the faster broadband provider this morning as the battle of the telcos rages on. The world’s oldest telecommunications firm put in a complaint to the advertising watchdog about Virgin Media claiming to be the “UK’s fastest major broadband provider” in a TV ad and on its website. [...]
Dorries urges broadband firms to publicise social tariffs, as 84 per cent on benefits unaware they exist April 5, 2022 Nadine Dorries has written to key internet providers urging them to raise awareness of discounted broadband offers for those on universal credit and benefits. She urged firms included BT and Virgin Media to publicise schemes because they have ‘low uptake’, with 84 per cent of those on benefits reportedly unaware they exist. Discounted social tariff [...]
Virgin Hyperloop halves staff following shift from passenger to cargo February 22, 2022 Virgin Hyperloop – Richard Branson’s hyperloop subsidiary – has decided to halve its staff as a result of its shift from passenger to cargo operations. The company, which backed by Virgin Group and ports operator DP World, has recently made 111 members of its staff redundant after getting rid of the firm’s management. Virgin Hyperloop’s [...]
Virgin Atlantic to adopt lower carbon fuel converted from plastic in net zero push February 15, 2022 Virgin Atlantic is set to adopt a new, lower carbon fuel that has been converted from waste plastics as part of a new partnership with chemical conversion technology firm Agilyx. The collaboration spans the Virgin Group, including Virgin Orbit, and aims to tackle both the plastic problem and carbon emissions. “We cannot keep wasting all [...]
Virgin Wines lowers guidance following Omicron and supply chain issues February 3, 2022 Online wine retailer Virgin Wines was forced today to lower its profit and revenue for the year ending June 2022 following disruption caused by Omicron and supply chain issues. “Like many businesses, we experienced several operational challenges in the Period due to well-publicised, external, macroeconomic factors including labour market shortages caused by the emergence of [...]