Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCINE.L Share News (CINE)

  • There is currently no data for CINE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Cineworld To Reopen UK And US Cinemas On July 10

Tue, 16th Jun 2020 08:41

(Alliance News) - Cineworld Group PLC said Tuesday all of its cinemas will be open by July, with some being opened in the last week of June.

Shares in the cinema operator were 5.6% higher in London on Tuesday morning at 83.32 pence.

Cineworld said it has modified booking systems to ensure social distancing within and throughout its auditoriums.

It also has altered its daily movie schedules to manage queues and avoid the build-up of crowds in lobbies.

Chief Executive Mooky Greidinger said: "We are thrilled to be back and encouraged by recent surveys that show that many people have missed going to the movie theatre.

"With a strong slate confirmed for the coming weeks, including among others Tenet, Mulan, A Quiet Place Part II, Wonder Women 1984, Black Widow, Bond, Soul, Top Gun Maverick and many more, the entire Cineworld team remains committed to being 'the best place to watch a movie'."

Cineworld-owned cinemas in Czech Republic and Slovakia will open their doors on June 26, in Poland and Bulgaria on July 3, and in Israel on July 9. UK and US cinemas will open on July 10.

The dates for Hungary and Romania are still to be confirmed but are expected to be in the week of July 3.

The cinema reopening plans come as Cineworld faces legal action over its decision late last week to terminate its agreement to buy Canada's Cineplex Inc.

Cineworld said late Friday the CAD2.8 billion deal, about GBP1.6 billion, was dropped after "certain breaches" of the acquisition deal.

The takeover would have created North America's largest chain of movie theatres to better compete with AMC Entertainment. It would have added 165 cinemas to Cineworld's existing 786 sites and 9,500 screens. AMC Entertainment owns or operates about 1,000 theatres around the world.

Toronto, Ontario-based Cineplex hit back, saying it intends to commence legal proceedings promptly against Cineworld and seek damages for breach of contract.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 Aug 2022 08:55

LONDON MARKET OPEN: Stocks down; Vodafone rises on Hungarian unit sale

(Alliance News) - Stock prices in London opened lower on Monday on concerns about US Federal Reserve plans to keep hiking interest rates to tackle rampant inflation.

Read more
22 Aug 2022 08:16

TOP NEWS: Cineworld confirms mulling US Chapter 11 bankruptcy filing

(Alliance News) - Cineworld Group PLC on Monday confirmed it is considering filing for Chapter 11 bankruptcy in the US, as it continues to battle with liquidity issues.

Read more
22 Aug 2022 08:10

From chasing deals to turning off screens: Cineworld on the brink

Aug 22 (Reuters) - Britain's Cineworld said on Monday it was considering options including a possible bankruptcy filing in the United States as the world's second-largest cinema chain operator by number of screens struggles with near term liquidity.

Read more
22 Aug 2022 07:47

LONDON MARKET PRE-OPEN: Vodafone agrees to sell Hungarian business

(Alliance News) - Stock prices in London are seen opening lower on Monday, amid concerns about Federal Reserve plans to continue to ramp up US interest rates to combat runaway inflation and ahead of a key central bank summit this week.

Read more
22 Aug 2022 07:18

Cineworld considering filing for bankruptcy in US

(Sharecast News) - Cineworld confirmed on Monday that it is considering filing for bankruptcy in the US as it looks to access near-term liquidity.

Read more
19 Aug 2022 17:35

Cineworld shares slump on report bankruptcy filing is being prepared

Aug 19 (Reuters) - Cineworld Group, the world's second largest cinema chain operator, is preparing to file for bankruptcy, the Wall Street Journal reported on Friday, just days after warning that a lack of blockbusters would hit its liquidity in the near term.

Read more
19 Aug 2022 17:07

LONDON MARKET CLOSE: FTSE 100 keeps head above water as pound sinks

(Alliance News) - The FTSE 100 managed to outperform European counterparts on Friday due to weakness in the pound as consumer confidence in the UK fell to a record low, while attention turns to next week's Jackson Hole Symposium.

Read more
19 Aug 2022 14:53

Cineworld shares tank on report chain is set file for bankruptcy

(Sharecast News) - Cineworld shares went into freefall on Friday on a report that the world's second largest cinema chain was preparing to file for bankruptcy amid plunging ticket sales after Covid pandemic restrictions were lifted.

Read more
19 Aug 2022 14:35

PRESS: Cineworld Group prepares to file for bankruptcy - WSJ

(Alliance News) - Cineworld Group PLC is preparing to declare bankruptcy, as it struggles to recover from pandemic lows, the Wall Street Journal reported Friday.

Read more
19 Aug 2022 10:26

SMALL-CAP WINNERS & LOSERS: Nanoco up on Samsung pre-trial progress

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
18 Aug 2022 12:18

LONDON MARKET MIDDAY: Stocks mixed as investors weigh US Fed minutes

(Alliance News) - Midday trade in London on Thursday was cautious, following the latest Federal Reserve minutes which added to concerns over price pressures and central bank moves following red-hot UK inflation data earlier this week.

Read more
18 Aug 2022 10:19

SMALL-CAP WINNERS & LOSERS: Cineworld recovers; Made.com slides

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
17 Aug 2022 17:29

London stocks fall as UK annual inflation tops 10%

Aug 17 (Reuters) - London stocks fell on Wednesday, with the FTSE 100 index snapping a three-day winning streak after data showed British consumer price inflation jumped to 10.1% in July, raising bets about more aggressive interest rate hikes by the Bank of England.

Read more
17 Aug 2022 17:02

LONDON MARKET CLOSE: Stocks slide as UK inflation hits double digits

(Alliance News) - Stocks in London ended lower on Wednesday as UK inflation accelerated at the fastest pace in 40 years in July, heaping more pressure on the Bank of England as household budgets become further squeezed.

Read more
17 Aug 2022 12:16

LONDON MARKET MIDDAY: FTSE 100 retreats as UK inflation heats up

(Alliance News) - The FTSE 100 was unable to sustain Wednesday morning's modest gains as the mood was weighed down by spiralling UK inflation pressures.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.