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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
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
Some Cineworld cinemas will NEVER reopen after Covid lockdown as bosses consider permanent closures and job losses in bid to save struggling movie house chain Virus forced industry-wide cinema closures for several weeks earlier this year Cineworld then shut all 128 of its venues again last month, with 5,500 jobs at risk A lack of … 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
Cineworld set to run out of cash within weeks unless it secures a lifeline from investors, analysts warn By Daily Mail City & Finance Reporter Published: 23:04 BST, 13 October 2020 | Updated: 23:04 BST, 13 October 2020 Cineworld could run out of cash within weeks unless it secures a lifeline from investors, analysts have … Read more
The plot has thickened at Cineworld after a secretive Chinese millionaire hiked his stake in the cinema chain. Liu Zaiwang made his fortune in construction business in the 1990s during the country’s building boom. But his interest in Cineworld since the Covid crisis triggered a catastrophic drop in its share price and has stoked speculation … Read more