Virgin and Credit Crunch

Summary


In your story, Branson's Virgin is stripped bare by credit crunch (16 October), you incorrectly claim that in 2007 my overall worth was estimated at [pounds]950million. Virgin's value was and remains substantially more than this amount.

It is true that the share price of Virgin Media has been affected by the recent stock market turmoil which has seen the Nasdaq, the exchange on which it is listed, lose almost half of its value in the last year.

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Virgin and Credit Crunch

Nevertheless, our group is ...

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