Virgin Money preparing for IPO after appointment and profits quadruple

Sir Richard Branson and the US billionaire he bought Northern Rock from the government with are preparing to float the operation, rebranded as Virgin Money, in a move that could value it at up to £2bn.

Sony to close e-reading store in Europe, Australia

[TOKYO] Sony is to shutter its ebook Reader Store in Europe and Australia following a similar pullout in North America, the company has said, as the once-mighty electronics giant pulls in its horns.