Branson/Virgin to rescue Northern Rock [Merged]

surfsister

It says today in the paper that Richard Branson has been in talks to merge his credit card, investment products and life insurance/pensions into the banks business.

Virgin quote, 'the consortium believes Northern rock must seek a complete rebranding to repair confidence.'

So watch this space!

baby_boomer

Why does no journalist take on "teflon Richard" ?

It was ludicrous of him to suggest that he is doing it because it is a "great British institution".

Virgin Money's name is forever associated with bad value financial produces. They kept 1% charges on tracker funds way after others had cut them to 0.5% and below.

Burlesque_Babe

Here's the story

http://news.bbc.co.uk/1/hi/business/7041083.stm

lewt

so does that mean the £300 shares i have will make me some money ?

webhamster

bransosn is doing nothing , as usual.

What he is doing is supplying a brand name , to the real backers money , and for that they have stiff guidelines to follow and only use his infrastructure as the management.

I thought he was a savvy biz guy until I read his boigraphy , then i realised hes a flim flam man.

After ponying up money to the mcanns he lost the last shred of credibility to me , "I am insuring a fair shake for them" did he do the same for murat , no?Conceited batsturd.

bristolleedsfan

keren29 wrote: »

Here's the story

http://news.bbc.co.uk/1/hi/business/7041083.stm

this is bit i like :rolleyes:

"It is also looking to buy newly-issued shares at a discount to their current price. "

MarkyMarkD

What do you think is wrong with that then, bristol?

catz1ct

Richard Branson is nothing more than a celebrity craving publicity. Getting his name in the media gives him a kick.

d123

Perhaps he can call the new company "The Northern Virgin" or similar

Dave

MattB_4

And will no doubt appear in a new Virgin branch dressed as a woman...

BlightyAndy

ts_aly2000 wrote: »

Will this new company be better or worse than Virgin Media?

Worse. :eek::p