Virgin Group PLC may buy back the...

Virgin Group PLC may buy back the 28% stake held by the public in the British music and entertainment company so it won’t have to deviate from its “investment in long-term growth.” Chairman Richard Branson noted the drop in Virgin’s share price to a recent range of between $1.46 to $1.63 a share from the $2.41 a share paid when the 50 million shares were sold in November, 1986. Virgin shares, which are also traded in American Depository Receipt form in the United States, traded at $2 a share on London’s Stock Exchange, up 30 cents, on the news.