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Virgin Group

Virgin Orbit suffers cash crunch

Virgin Orbit, the Sir Richard Branson-backed rocket launching business, is suspending operations and payments to staff as it seeks fresh funding. Virgin Orbit has ‘furloughed’ all staff according to business news channel CNBC, and the situation confirmed by senior staff. Shares in Virgin Orbit crashed 33 per cent on March 15th and closed at just […]

March 16, 2023By Chris Forrester