Richard Branson’s Virgin Group Ltd., the travel and entertainment conglomerate, wants to enter the U.S. rental-car business by buying the assets of the Advantage brand that Hertz Global Holdings Inc. was ordered to divest.
As British Sky Broadcasting Group Plc and BT Group Plc duke it out over sports content and rights in one of Europe’s most competitive pay-TV markets, Virgin Media Inc. is counting on a different edge: speed.
U.K. billionaire Richard Branson’s Virgin Atlantic Airways Ltd. posted a full-year loss of 69.9 million pounds ($107 million), hurt by higher costs, sluggish economies and a dip in business travel during the Olympic Games.
Airlines are stepping up competition for full-fare passengers between New York and Los Angeles, with lie-flat seats, pricey French wines and personal valets to whisk travelers from curb to gate without wasting time in lines.
FirstGroup Plc, the company stripped of Britain’s premier U.K. rail route in 2012, fell the most in 18 years after halting its dividend to focus on a 615 million- pound ($936 million) rights offer and avert a credit downgrade.