Branson: scratched record

Sir Richard Branson’s string of listed duds bodes ill for NTL. The serial entrepreneur’s latest quoted flop is «Victory», a struggling jewellery and cosmetics business that has lost more than 90% of its value over the past five years, and which Branson plans to delist. This follows similar experiences at nearly all of Virgin’s other listed firms. Back in the 1980s, Branson took Virgin Group private two years after floating it, when its share price slumped. Virgin Express, a Brussels-based Europe...