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The Latest Breaking News from Virgin Group

Virgin says ‘no more major hurdles’ to running cross-Channel trains

Company says it has ‘green signal’ after rail regulator suggests space at Eurostar depot can be freed up for rivals

The Guardian - UK

Eurostar rival gets ‘green signal’ for Channel Tunnel trains

Virgin Group poised to announce challenger to Eurostar after key hurdle overcome

The Independent UK

Eurostar rivals say 'green signal' has been given to run trains through Channel Tunnel

Sir Richard Branson’s Virgin Group says there are ‘no more major hurdles to overcome’ for it to launch services rivalling Eurostar

Evening Standard

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Virgin Group poised to announce challenger to Eurostar after key hurdle overcome

Sir Richard Branson’s company said it hopes to make an announcement shortly about services to rival Eurostar

The Independent UK

Sir Richard Branson plots end to Eurostar's 30-year monopoly with $900bn Virgin fundraise

Branson's Virgin Group confirmed a mammoth fundraising plan that could see Virgin operate a Eurostar alternative by the end of the decade.

Fortune

Virgin aims to raise £700m to rival Eurostar on cross-Channel trains

Richard Branson’s group plans rail routes linking London to Paris and Brussels, and maybe Amsterdam

The Guardian - UK

Richard Branson says Gen Z should skip college and get on with it

"I would just suggest that people get out there into the real world and get on with it," says billionaire Virgin Group founder Richard Branson.

Fortune

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Richard Branson unveils succession plan to give Virgin Atlantic to his kids

Branson's daughter Holly is Virgin Atlantic's chief purpose and vision officer, while his son Sam is an informal advisor.

Fortune

Virgin Money shareholders vote for Nationwide takeover by big majority

The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale

The Guardian - UK

Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels

Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group.

Fortune

Virgin Money bosses in line for £6m if Nationwide takeover goes ahead

Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through

The Guardian - UK

‘It was like Basil Fawlty running The Shining hotel’: Inside the collapse of Virgin Hotels Glasgow

Around 150 staff were told the hotel was closing and had their passes revoked

The Independent UK

'Diabolical': Rally outside Virgin Hotels Glasgow after 130 workers axed

FORMER staff of Virgin Hotels Glasgow staged a protest to demand pay after 130 workers were made redundant days before Christmas ...

The National (Scotland)

Luxury Glasgow city centre hotel future uncertain amid owner's administration

Virgin Hotels Glasgow is at risk after the owner of the Clyde Street building entered administration earlier this month.

The National (Scotland)

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Daily Mirror

Richard Branson’s Virgin Orbit is permanently shutting down after failed test this year

Virgin Orbit has announced it is ceasing operations and will sell its assets to four bidders, two months after 85% of its workforce was laid off after failing to find investment

Daily Mirror

Sir Richard Branson loses £1.8BILLION in a year after suffering huge Virgin losses

Sir Richard, founder of Virgin Group, and his family are now worth about £2.41billion, down from £4.2billion from the previous year, according to the Sunday Times Rich List

Wales Online

Rishi Sunak and wife Akshata Murty lose £200m, shows Sunday Times Rich List

Sir Richard Branson has seen his fortune shrink by more than 40% in a year

The Independent UK

Rich list: Sir Richard Branson’s wealth shrinks by £1.8bn in a year

The British entrepreneur slipped down the annual Sunday Times Rich List following his satellite launch company Virgin Orbit going bankrupt.

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The Guardian - UK

Richard Branson says he came close to losing Virgin Group empire during pandemic

Billionaire tells of personally losing £1.5bn and ‘painful’ backlash after plea for state loan for Virgin Atlantic

Daily Mirror

Richard Branson's satellite launch firm is back down to earth as bosses file for bankruptcy

Virgin Orbit’s move comes after it was unable to secure rescue funding. It suffered a major setback in January when its rocket was unable to deploy its satellites into orbit

Birmingham Post

Spaceport Cornwall focused on future as Virgin Orbit files for bankruptcy

The head of the South West space cluster said it would continue to work with other global space and satellite businesses and open a new research facility this month

The Independent UK

Richard Branson’s Virgin Orbit files for bankruptcy after axing 85% of workforce

The company’s January launch failed citing an ‘anomaly’

Space

Virgin Orbit extends employee furlough after finance deal falls through: report

Talks with two separate buyers collapsed over the weekend as Virgin Orbit seeks more cash to continue launch operations, a media report suggests.

Space

Virgin Orbit restarts operations with 'small' team as it works on finance deal: reports

Launch company Virgin Orbit is bringing back some of its furloughed employees after putting them on leave last week, according to media reports.

Space

Virgin Orbit eyes options as it works to generate cash flow: report

Launch company Virgin Orbit is engaging companies for discussions after furloughing most of its staff last week, according to media reports.

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