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A branch of the Northern Rock with Virgin Money branding on Briggate in Leeds. On 13 October 2007, Sir Richard Branson announced that Virgin Group were putting together a consortium of financiers to propose to plough millions into the troubled Northern Rock bank and in return take an approximate 30% stake in the business, bringing the current financial products offered by Virgin and combining ...
Virgin Money, the U.K. bank part-owned by Branson, announced last week that it was the subject of a takeover bid from banking rival Nationwide for £2.9 billion, causing its share price to soar.
2010 – Virgin launches Project, a digital magazine created exclusively for Apple Inc's iPad. [citation needed] 2010 – Virgin Money buys Church House Trust; 2012 – Virgin Money buys Northern Rock [17] 2012 – Virgin Galactic announces the development of orbital space launch system LauncherOne. [18] 2013 – Virgin Media sold to Liberty Global
The decision to merge his Virgin Media Company with NTL was made in order to integrate compatible areas of the two businesses. Whilst Branson had owned three-quarters of Virgin Mobile, he would now get paid £8.5 million per annum for the use of the Virgin brand name. He does not own any part of Virgin Media. [59]
Nationwide has gained £2.3 billion following its acquisition of Virgin Money, according to the firm’s half-year results. The building society completed its £2.9bn takeover of Virgin Money in ...
Virgin Money vastly increased its size and customer base in 2012 with the purchase of the so-called 'good bank' portion of the nationalised Northern Rock bank. In 2018, the entire UK operation of Virgin Money was sold to CYBG plc in a £1.7bn all-share deal which made the group the sixth-largest bank in the UK. [2]
With Virgin Voyages, the cruise line Virgin launched in 2020, Branson has done that. Although Virgin Voyages’ three boats (and a fourth set to launch in 2024), look like traditional mid-sized ...
Virgin Money may refer to: Virgin Money (brand), a financial services brand owned by Virgin Group; Virgin Money UK, a British banking and financial services company; Virgin Money Australia, an Australian banking and financial services company owned by the Bank of Queensland; Virgin Money US, a former US loans company