Cineworld raises more cash as pandemic drives annual losses of $3bn

Business

Cineworld has reported worse than expected annual losses of just over $3bn (£2.2bn) and revealed a new funding round to help it navigate future coronavirus-related uncertainty.

The company, which announced earlier this week screen reopening plans for its key US and UK markets, said it had cash in place to see it through this year and beyond though material uncertainty around its ability to continue as a going concern remained.

Articles You May Like

Essex murder: ‘It’s not going to be me, because you have no proof’
Putin arrest warrant is ‘first shot’ in potentially substantial indictment against him
Government food tsar quits blaming ‘insane’ inaction to tackle obesity
Actor Lance Reddick, best known for roles in The Wire and John Wick, dies ‘suddenly’
Podcast: Tesla Supercharger v4, VW ID2 $25,000 EV, Aptera, and more