Cineworld to hold crunch vote to increase its £6bn debt pile as it prepares to reopen cinemas Cineworld shareholders to vote on plan to take on an extra £155m of debt It is seeking approval for the suspension of its borrowing limits It said the money is for ‘further liquidity’ reasons in case of more … Read more
Monster takings at US box offices for Godzilla vs Kong sent Cineworld to the top of the FTSE 350 leaderboard. The creature feature raked in £23million in the US over its three-day opening weekend – even though it was also available on streaming services, and social distancing meant cinemas weren’t full. It was a record … Read more
Cineworld is planning to reopen 127 cinemas in May after easing of Covid restrictions with socially distanced seating, reduced ticketing and staggered start times Cineworld has confirmed it plans to reopen its 127 outlets across the UK in May The reopening will coincide with the government’s roadmap out of lockdown Chain has 127 cinemas across … Read more
Cineworld best performing share in FTSE350 since November 6, rising an astonishing 268%, according to AJ Bell By Daily Mail City & Finance Reporter Published: 21:57 GMT, 19 March 2021 | Updated: 22:26 GMT, 19 March 2021 Cineworld has been the best performing share in the FTSE350 since November 6 last year, shortly before Pfizer … Read more
Cineworld bosses could get up to £208 MILLION in bonuses after shareholders approved ‘excessive’ payout scheme – despite firm receiving taxpayer support during lockdown Chief executive alone could receive up to £65million of the bonus money Cinema company received taxpayer support through furlough during pandemic Bosses secured an extra £560million in November from independent lenders … Read more
Cineworld facing investor backlash over plans to pay bonuses worth up to £65m to its chief executive despite receiving taxpayer cash to survive the pandemic By Daily Mail City & Finance Reporter Published: 21:59 GMT, 22 January 2021 | Updated: 22:00 GMT, 22 January 2021 Cineworld is facing an investor backlash over plans to pay … Read more
MARKET REPORT: Cineworld shares take a pummelling after Warner Bros unveils plans to debut films online and in theatres at the same time next year By Francesca Washtell For The Daily Mail Published: 21:50 GMT, 4 December 2020 | Updated: 21:50 GMT, 4 December 2020 Cineworld shares took a pummelling after Warner Bros unveiled plans … Read more
BUSINESS LIVE: FTSE rises as Astrazeneca confirms vaccine 90% effective; Cineworld secures extra liquidity; AA receives £210m offer By This Is Money Published: 08:10 GMT, 23 November 2020 | Updated: 08:21 GMT, 23 November 2020 AstraZeneca’s vaccine trial and Prime Minister Boris Johnson’s speech today outlining the loosening of lockdown restrictions that will happen after … Read more
Cineworld, the world’s second-largest cinema chain, has been revealed as the UK’s most shorted stock. Some 9.51 per cent of Cineworld’s stock was held short by 10 investment firms, according to analysis carried out by ETF provider GraniteShares, with Adelphi Capital LLP having the largest short position with 2.07 per cent of the company’s shares. … Read more
Rescue deal lined up for Cineworld as Covid-19 leaves it struggling under weight of £6.2bn debt pile Cineworld had to close all of its 127 sites in the UK during the first lockdown It is considering a company voluntary arrangement (CVA) This form of insolvency would see it pay a portion of its debt back to … Read more