London close: FTSE plunges 1.2% as winning streak ends on Greek fears
26th May 2015 16:35
Heavy losses in the mining, banking and sectors weighed heavily on UK stock markets on Tuesday, as uncertainty in Greece and mixed economic data from the States hammered risk appetite among investors. The FTSE 100, which had been trading with moderate losses for most of the day, experienced a sell-o
Read moreLondon midday: Banks and oil stocks drag Footsie lower after long weekend
26th May 2015 11:33
Greek uncertainty, interest rate speculation stateside and tonnes of US economic data ahead led to a nervous start in London following the long weekend. The FTSE 100, which settled at a two-week closing high of 7,031.72 on Friday, was down 0.23% at 7,015.37 by Tuesday midday. Concerns that Greece w
Read moreLondon open: Greek fears hit stocks as investors await US data barrage
26th May 2015 08:21
UK stocks slipped on Tuesday morning as investors started a shortened trading week on a cautious note ahead of a raft of economic data from the States. The FTSE 100 was down 0.58% at 6,991.11 early on with stocks in the banking and oil sectors providing a drag. Concerns that Greece will struggle to
Read moreLondon pre-open: Stocks set for positive start ahead of US data
26th May 2015 07:46
UK stock markets are expected to open higher following the long weekend ahead of a quiet morning for economic data, though things are scheduled to pick up later in the afternoon. City sources predict the FTSE 100 will open 16 points higher than Friday's close of 7,031.72. The index is clawing its wa
Read moreCineworld first quarter sales whipped higher by Fifty Shades of Grey
26th May 2015 07:06
With cinema audiences whipped up by films such as 'Fifty Shades of Grey', like-for-like revenues surged 10.7% in the first quarter at Cineworld, with a stream of blockbuster films expected to deliver strong box office year ahead. In the first 19 weeks of its financial year to 14 May, the FTSE 250 co
Read moreCineworld director buys shares after successful year
17th Mar 2015 15:47
A non-executive director at Cineworld increased his stake in the group one week after it reported double annual profits thanks to higher box office intakes. Eric Senat, who has been a member of the board for five years, bought 26,937 new shares for an individual price of 482.75p, spending a total of
Read moreCineworld delivers blockbuster year
12th Mar 2015 08:43
Cinema operator Cineworld Group more than doubled its annual pre-tax profits, as higher box office intakes drove revenue up. The FTSE 250 company said its pre-tax profit to 1 January rose to £67.3m from £30.9m in the previous 12 months, while revenue jumped 53% to £619.4m. Adjusted profit before ta
Read moreSunday share tips: Carillion, Cineworld, Travis Perkins
1st Mar 2015 14:14
Might Carillion be building up for another bid for rival Balfour Beatty? Ahead of Wednesday's results and after last week's six-month takeover bid came to an end, Danny Fortson in the Sunday Times said the buying opportunity looks to have gone for good and suggested that Carillion itself was also on
Read moreCineworld expects annual profits to hit top end of forecasts
14th Jan 2015 08:16
Cineworld said it expects annual profits to reach towards the top end of market consensus, driven by a strong performance in the UK and Ireland. In a trading update for the 53 weeks to 1 January, the group reported a 3.5% increase in revenue growth. During the year the company opened two new cinema
Read moreCineworld hoping for strong box-office sales from Hunger Games, Hobbit films
18th Nov 2014 08:07
Cinema chain operator Cineworld has seen an increase in sales since the start of 2014 and said that the film line-up for the rest of the year looks "promising". The group said it expects strong box-office performances from the latest instalments of The Hunger Games and The Hobbit movie franchises.
Read moreCineworld chief spends £12m on shares
7th Oct 2014 16:29
Moshe Greidinger, the chief executive officer of Cineworld, has added 3.64m shares to his holding in the cinema group. The shares were acquired in two tranches, with 2.3m purchased at 325.61p and the other 1.2m bought at 318.71p apiece. The transactions take Greidinger's total holding to 74.5m shar
Read moreFTSE 250 movers: Cairn Energy climbs on oil discovery
7th Oct 2014 16:18
Oil and gas group Cairn Energy was a high riser on the FTSE 250 after discovering oil at its FAN-1 exploration well offshore Senegal, causing shares to surge. The find "materially upgrades the prospectivity" of the Sangomar Deep Block, the company said. Cineworld shares also climbed after it was ann
Read moreCineworld reveals positive first half results
14th Aug 2014 07:51
Cineworld, the largest cinema operator in the UK and Ireland, posted an increase in revenue for the first half of 2014 boosted by strong box office sales from the Lego-movie and Marvel films. The firm's acquisition of eastern European business, Cinema city, helped to lift revenue by 33.2% to £268.6
Read moreCineworld reports in-line half year trading - UPDATE
3rd Jul 2014 11:52
Cineworld Group on Thursday reported in-line trading for the 26 weeks ended June 26th, with revenue higher across most sectors and countries. On a pro-forma basis, overall Box Office revenues have increased by 1.5%, admissions were up by 1% and retail spend per person increased by 2.6%. There was
Read moreUK Mail Finance and Operations Directors build stakes
9th Jun 2014 15:46
The Group Finance Director and Group Operations Director of UK Mail have both upped their company holdings with the purchase of 4,000 shares each. Both Steven Glew and Carl Moore spent 627p a share, giving each of the deals a trade value of £25,080. The transactions come just a few weeks after t
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