With only a few pounds in his pocket and the will to succeed, a young entrepreneur has proved his teachers wrong by setting up his own business now worth over £250,000.
Stuart Edney dropped out of a university course in entrepreneurship when he was 22 with the idea of starting his own company. …continue reading the story
called Young Entrepreneur Proves Teachers Wrong
Precision engineering and high tech companies in Warwickshire have reacted positively to reports that iconic car maker Aston Martin has been taken over by a consortium led by local entrepreneur David Richards, who has been dubbed as the ‘Richard Branson of motorsport‘.
Mr Richards is currently head of automotive engineering group Prodrive, and also has experience in formula one racing as team principle of Benetton and most recently BAR. …continue reading the story
called Local Businesses Encouraged By Aston Martin Takeover
A Manchester entrepreneur has been awarded a deal with high street retailer Marks and Spencer to stock his line of clothes made of entirely recycled plastic.
Since setting up his business Greenpac six years ago, Simon Lee has achieved an annual turnover of £2 million, with the green fleeces to be stocked by the retail giant just one of several innovations he has already successfully marketed. …continue reading the story
called Entrepreneur’s ‘Greener’ Clothes To Be Stocked By M&S
Sir Richard Branson has announced that he is selling 90 per cent of his Virgin Books unit to publisher Random House.
The Virgin boss has also revealed that he is planning to write a series of books for the company he has agreed to sell for an estimated £3.5 million. …continue reading the story
called Branson Sells Virgin Books - And Then Announces Book Deal
Mike Ashley, the entrepreneur behind the successful high-street sports stores Sports World and Lillywhites, has cashed in on his 43 per cent holding in his company, Sports Direct, pocketing £929 million.
The 300.9 million shares were sold at 300 pence each, making this the first major flotation of a UK retailer since Debenhams in May last year. …continue reading the story
called Sports Direct Founder Pockets £929m Fortune
Entrepreneur and founder of Virgin Group Sir Richard Branson has announced the launch of a new, innovative communications and entertainment platform.
Virgin Media, which was formed after the merger between NTL: Telewest and Virgin’s mobile service, will be the first UK operator to offer a “quad play” of TV, broadband, fixed-line and mobile phone services. …continue reading the story
called Virgin Media Launches!
Sir Richard Branson could look to extend his empire by bidding for travel company First Choice’s package holiday division, which has experienced troubled times of late.
A potential auction for the division would see it fetch between £500 million and £600 million – and it has been reported that Virgin Holidays, Branson’s long-haul holiday tour operator, has got together with a private equity firm to put forward a bid. …continue reading the story
called Is First Choice, the Right Choice for Richard Branson?
Tuesday night saw ITV launch its latest entrepreneur-orientated programme – titled Fortune: Million Pound Giveaway.
Presented by the ubiquitous Richard Madeley, it can be compared with the BBC’s Dragon’s Den to a degree in that it sees various budding entrepreneurs appear over seven weeks before a range of high-profile businesspeople to try and win a million pounds of their money. …continue reading the story
called The Million Pound Giveaway Kicks Off on ITV
One of the UK’s most successful entrepreneurs is to be rewarded for his efforts by his hometown university.
Robert Gordon University in Aberdeen has announced that it is to honour Larry Kinch, an oil entrepreneur and technologist who has been instrumental in the development of the world’s oil industry over the years.
Mr Kinch is to be presented with an honorary degree from the university, which will make him a Doctor of Technology.
Mr Kinch is a great believer in the importance of technology in driving growth and moving the sector forward. On the announcement of his honorary degree from Robert Gordon University, he explained: “Technology is actually the great provider for this industry but many people fail to understand that.” …continue reading the story
called Larry Kinch - Oil Entrepreneur Honoured
News that a user of the increasingly-popular online Second Life environment has become a millionaire through trading virtual property on the site has sparked huge interest about the entrepreneurial possibilities of such virtual trading.
German schoolteacher Ailin Graef, who goes by the avatar name of Anshe Chung on the meta-environment of Second Life, has become a millionaire by investing a mere US$9.95 a month in virtual real estate and then selling it on. She now has a net worth of over $1 million. It may seem nigh-on implausible that selling something which does not physically exist can lead to such riches being gained, but people with a keen eye for business are increasingly becoming drawn to an environment in which sufficient hours and canny acquisitions have shown they can reap rewards. …continue reading the story
called Second Life Entrepreneurs - Cashing in on Virtual Worlds
