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 [...]
‘A big pay day’ for hedgie short-sellers: Cineworld slumps after £700m court ruling December 15, 2021 Cineworld, the UK’s most-shorted company, had a terrible day today as its shares plummeted almost 40 per cent following a Canadian court order to pay out $900m (£722m) in damages and costs after it was sued for pulling out of a takeover deal with Canada’s Cineplex. The damages payout, which Cineworld will appeal against, is [...]
Reception for Cineworld results sends short sellers a wake-up call November 16, 2021 Short sellers experienced a wake-up call yesterday after their pandemic target Cineworld saw its share price shoot up 7 per cent on better-than-expected results. Cineworld has consistently ranked as the most-shorted company in the UK for much of the last eighteen months, after it was forced to close its 9,518 cinema screens during Covid lockdowns. [...]
London’s Trocadero wins High Court battle against Cineworld over millions in unpaid rent September 28, 2021 London’s Trocadero Centre in Piccadilly Circus has won a high court battle against cinema chains Cineworld and Picturehouse Cinemas over millions of pounds in unpaid rent. The owners of London’s Trocadero Centre brought legal action against the two chains and the original tenant, Gallery Cinemas, over outstanding bills since June 2020. The three firms, which [...]
Buyout hangover: Cineworld dishes out another $170m to Regal Entertainment shareholders September 10, 2021 Cineworld’s 2017 buyout of US chain Regal Entertainment has come back to bite, after the London-listed cinema operator pledged another $170m to placate Regal Entertainment shareholders who weren’t happy with the price they received for its takeover. The world’s second-largest cinema operator said that through a new agreement, $92m will be held in escrow and [...]
Cineworld secures $200m loan boost as it gears up for bumper film slate July 30, 2021 Cineworld today said it had secured $200m (£143m) in incremental loans to help shore up its finances as the chain prepared for a bumper schedule of film releases later this year. The loan facility, which matures in May 2024, was secured from a group of Cineworld’s existing lenders. The company said it did not have [...]
Revealed: The most-shorted UK stocks in the current volatile Covid-19 era July 13, 2021 New data from the London Stock Exchange and crunched by ETP provider GraniteShares shows the most-shorted UK stocks include some of the supposed "winners of lockdown": supermarkets and food delivery companies.
FTSE 100 closes higher as tech stocks boost Wall Street May 24, 2021 London’s FTSE 100 closed higher this afternoon after posting its second straight weekly drop, as oil majors provided the biggest boosts to the index. Wall Street also opened higher as tech stocks showed signs of bouncing back from a poor month. The blue-chip index advanced 0.5 per cent over the dat’s trading, buoyed by gains [...]