Business

Coronavirus: Virgin Atlantic rescue hinges on £200m credit card deal

A £1bn-plus rescue deal for Virgin Atlantic Airways rests on the outcome of crunch talks taking place during the coming days between the airline and two big payment processors. Sky News has learnt that Virgin Atlantic is in detailed talks with Cardnet, which is owned by Lloyds Banking Group, and First Data, a subsidiary of […]

Business

O2 and Virgin Media merger to create £31bn telecoms giant

Virgin Media and O2 are to join forces in a UK merger that will create a £31bn company, their parent firms have announced. US media firm Liberty Global, the owner of the Virgin Media cable TV and broadband provider, said the agreement would unlock a £10bn investment in the UK market over five years once […]