Rumours whirl around Virgin
Fri "Sydney Morning Herald"
Rumours whirl around Virgin
December 3, 2004
Brave Sir Richard better have his skates on when he touches down next week.
The Virgin Blue rumour mill was creaking louder yesterday as talk intensified about the possibility of Patrick Corp buying Sir Richard Branson's 25 per cent stake in the airline.
While Patrick gave a "no comment", the market will want to hear from Sir Richard when he touches down on Virgin Atlantic's first flight into Sydney next Wednesday.
While Sir Richard might not be cracking champagne bottles for what will also be the first anniversary of Virgin Blue's listing on the sharemarket, the Patrick rumour aside, there are also the rumours about RyanAir buying Virgin Blue and even Virgin buying the regional airline Rex.
The poo-pooing of the rumours by analysts has not stopped Virgin's share price heading back over the $2 mark. And then too there's the adage about smoke and fire.
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