Virgin Media could receive bid

Bid speculation involving Virgin Media returned this weekend after it was reported the cable company could be about to get an $8 billion (€5.9bn) approach from a private equity firm.

The rumoured move by Carlyle is expected to trigger an auction of the business, which last year completed a merger with NTL Telewest.

It is almost a year since a consortium made up of US buy-out group Providence Equity, Blackstone Group, KKR and Cinven made a failed approach for NTL.