Top Cineworld shareholder dumps stake as firm faces bankruptcy September 1, 2022 A major shareholder in Cineworld has shed almost the entirety of his stake in the past two days as the beleaguered cinema chain teeters on the edge of bankruptcy.
Cineworld landlord files winding up petition against cinema chain August 27, 2022 One of Cineworld’s landlords has sent a winding up petition to the cinema chain following several High Court claims. According to filings, the claim was presented on Monday and it is understood that it was filed by the landlord of the Picturehouse cinema in Piccadilly. The cinema’s landlord won a £2.9m lawsuit against Cineworld last [...]
Cineworld seeks ‘potential’ restructuring to deal with £4bn debt burden August 22, 2022 Cineworld has said it is looking to gain liquidity and potentially restructure its balance sheet through a “comprehensive deleveraging transaction” as it carried billions in debt. The company, which owns US-based cinema chain Regal, said it had voluntarily sought a Chapter 11 bankruptcy filing in the US in pursuit of a potential restructuring. “Cineworld and [...]
Cineworld share price plunges over 50 per cent amid bankruptcy reports August 19, 2022 Cineworld’s share price has plunged more than 53 per cent today amid reports it is filing for bankruptcy. Investors bailed out of the stock, leaving it with a share price of 4.5p a piece. However, shareholders have been stepping back for more than a year. The cinema chain had been hit particularly hard by successive [...]
Cineworld tanks as firm considers share dilution amid dwindling demand August 17, 2022 Cineworld said that despite a gradual recovery of demand since re-opening in April 2021, recent admission levels have been below expectations due to limited film slates.
Cineworld and Imax shares fly as Tom Cruise’s Top Gun smashes blockbuster opening weekend May 30, 2022 Top Gun had a top weekend, with the blockbuster hit raking in $248m (£196m) worldwide, making it the highest-opening non-superhero movie released since the start of the pandemic.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Liquidity boost: Cineworld pins hopes on payment delays from Regal shareholders May 4, 2022 On a quest to boost liquidity, Cineworld revealed this morning that it had approached the former dissenting shareholders of its U.S. division Regal Entertainment to further delay payment obligations.
Cineworld revenue skyrockets by $1bn as record-breaking blockbusters lure in viewers March 17, 2022 Cineworld revenue has skyrocketed by $1bn (£760m) in the past year, as record-breaking blockbuster releases such as Spider-Man: No Way Home lured in viewers. Revenue surged more than 111 per cent to $1.8bn (£1.3bn) in the year to 31 December, up from $852m, according to the theatre chain’s preliminary results this morning. Admissions rose over [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]