Founder of Virgin Group Sir Richard Branson has taken to Twitter to welcome the "great news" of Virgin Trains securing an extension deal to its West Coast Main Line franchise.
Under the extension deal, West Coast services will continue until March 2017 and a number of "improvements" including increased capacity, new services and "superfast Wifi" will be unveiled.
Virgin founder Sir Richard Branson has refused to enter the Scottish independence debate, telling an audience in Edinburgh it is "not his place" to give his opinion.
The entrepreneur was speaking at the Scottish Business Awards in Edinburgh last night, in front of an audience of 2,000 guests, including First Minister Alex Salmond.
ITV News' Alastair Stewart hosted a question-and-answer session with Sir Richard and asked him if he thought Scotland's famous entrepreneurial track record could be better maintained as part of the UK or under independence.
The billionaire received a round of applause from the audience when he said: "I had a feeling this was going to come up. I'm not sure it's my place to intervene and I know that's a cop out.
"I'm coming to the Commonwealth Games, maybe by then I'll say something."
Sir Richard Branson has left Britain and is living on his holiday island of Necker in the British Virgin Islands, it has been confirmed. He moved there seven years ago, a spokesman said.
The Sunday Times newspaper said that Sir Richard's decision to leave the country is a turnaround for the charismatic entrepreneur who has draped himself in the Union Jack to promote his business.
The spokesman said: "After almost 40 years of working in the UK, Richard, now in his 60s, chose to live on his island Necker in the British Virgin Islands, an island he bought in 1979.
"Since he gives 100% of any monies he earns from these to charity, it makes no difference for tax purposes whether he is in the UK or the BVI."
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Sir Richard Branson has said a wage increase for MPs could be a good thing for the country because it will attract "higher quality politicians."
In a blog on the Virgin website, Branson argued that "countries would be able to attract higher quality politicians by offering them greater rewards".
The Virgin founder also suggested the cost could be offset by reducing the number of politicians and the size of parliament.
Branson believes changes in pay could help reduce corruption and produce a more efficient and effective government which could improve the global economy.
Some of the country's most prominent business leaders have accused Eurosceptic MPs of "putting politics before economics" by calling for Britain's withdrawal from the European Union.
The group, which includes the chairmen of BT, Deloitte and Lloyds along with Sir Martin Sorrell and Sir Richard Branson, said Britain's business interests and economy can only benefit from playing a central role in the EU.
In a letter to The Independent, they called for David Cameron to "strengthen and deepen" the European single market, adding: "The economic case to stay in the EU is overwhelming."
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Virgin founder Sir Richard Branson has been stopped by police in Adelaide for riding a bicycle without a cycling helmet.
But the billionaire avoided a £100 fine because he said he was not aware of the local cycling rules, The Telegraph reported.
"He stopped immediately and was spoken to by two police officers at the time," a spokesman said.
"He was given a caution and then put on a helmet. It was pretty straightforward."
Virgin Trains has delayed the introduction of new uniforms after some female staff said blouses were see through and too low cut.
The rail operator is now offering £20 vouchers for women employees to buy undergarments to save them any embarrassment.
A union chief said staff had complained the red blouses were too flimsy and would allow male passengers to see dark bras being worn underneath.
"Our female members are upset because they feel Sir Richard Branson is cutting corners by asking them to wear flimsy blouses which are skimpy and they feel too revealing," said Manuel Cortes of the Transport Salaried Staffs Association.
"He has asked Vivienne Westwood to design the new uniform for his air crews. Unfortunately, by contrast, it looks like he is getting the blouses for train crews from Del Boy at Trotters Independent Traders Ltd at Peckham Market."
The problem came to light after trials of a new uniform for staff on Virgin's West Coast Main Line.
The founder of Virgin Atlantic, Sir Richard Branson has told the Independent that terror warnings issued by the Foreign Office to tourists are "doing more harm than good".
The British entrepreneur said that warning of the risk of a terrorist attack was "exactly what the terrorists wanted" because it reduced tourist numbers.
In a statement the FCO said "We have a responsibility to make sure British nationals have the necessary information and advice so that they can make their own choices. We would rightly be criticised if UK lives were lost and we had not reflected a known terrorist threat in our travel advice."