Virgin tipped to buy Northern Rock

Richard Branson’s Virgin Money today looked to be in pole position to land Northern Rock as the auction of the UK's nationalised lender nears its conclusion.

Virgin tipped to buy Northern Rock
Sun, 23 Oct, 2011 - 12:56

Richard Branson’s Virgin Money today looked to be in pole position to land Northern Rock as the auction of the UK's nationalised lender nears its conclusion.

Final bids for the Newcastle-based bank are due this week, with the Sunday Times reporting that Virgin will pip buy-out vehicle NBNK to the prize.

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