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The ‘New Cineworld’ has fixed its balance sheet after cutting debt by $4.53-billion, raising about $800-million in new equity capital and securing new debt financing of about $1.71-billion
Among the companies with reports and trading updates today at HSBC, BP, Greggs, Dominos, Robert Walters, Travis Perkins, Aston Martin, Watches of Switzerland, Weir Group and Diageo.
Former WarnerMedia Studios and Networks Group chair and CEO Ann Sarnoff has joined the board of directors of Cineworld as the group emerges from Chapter 11 cases. Cineworld Group and its subsidiaries had commenced Chapter 11 cases in the United States Bankruptcy Court in September 2022. On Aug. 1, 2023, the group, which operates the Regal cinemas chain in […]
The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off its debts, just as smash hits “Barbie” and “Oppenheimer” give the movie theater industry a much-needed lift.
Cineworld Group PLC (LSE:CINE), the cinema operator, suspended its shares on the London stock exchange after its plans to exit Chapter 11 bankruptcy were...