Cineworld shares set for 'hard' bounce, says Peel Hunt
24th Aug 2020 10:01
(Sharecast News) - Peel Hunt said on Monday that Cineworld presents "an attractive buying opportunity" for investors with appetite for material risk.
Read moreCineworld shares slump after AMC Entertainment-Universal agreement
29th Jul 2020 14:16
(Sharecast News) - Cineworld shares slid on Wednesday after US cinema chain AMC Entertainment and Universal Pictures reached a multi-year agreement that will result in films playing in theatres for less time.
Read moreCineworld to make counter-claim as Cineplex seeks damages
6th Jul 2020 07:36
(Sharecast News) - Cineworld said on Monday that it plans to counter-claim against Cineplex after the Canadian cinema chain announced that it was filing a lawsuit against it for backing out of a $2.1bn deal.
Read moreCineworld delays UK, US reopenings to end of July
30th Jun 2020 07:39
(Sharecast News) - Cineworld said on Tuesday that it will delay the reopening of its cinemas in the UK and US to the end of July "in line with recent adjustments to the schedule of upcoming movie releases".
Read moreCineworld agrees $250m debt facility with private investors
22nd Jun 2020 07:18
(Sharecast News) - Cineworld said it had secured a new $250m debt facility to bolster its balance sheet as cinemas started to re-open around the world after Covid-19 lockdowns.
Read moreCineworld to reopen UK, US cinemas on 10 July
16th Jun 2020 07:41
(Sharecast News) - Cineworld said on Tuesday that it plans to open its cinemas in the UK and US on 10 July, with social distancing measures in place.
Read moreCineworld pulls out of Cineplex deal
15th Jun 2020 07:22
(Sharecast News) - Cineworld has pulled out of its $2.1bn (£1.7bn)) acquisition of the Canadian movie theatre chain Cineplex, citing breaches of the companies' agreement and a "material adverse effect".
Read moreSunday newspaper round-up: Two meters, Rolls Royce, Clinigen
14th Jun 2020 19:22
(Sharecast News) - Senior scientists have reported flaws in an influential World Health Organization-commissioned study into the risks of coronavirus infection and say it should not be used as evidence for relaxing the UK's 2-metre physical distancing rule. Critics of the distancing advice, which states that people should keep at least 2 metres apart, believe it is too cautious. They seized on the research commissioned by the WHO, which suggested a reduction from 2 metres to 1 would raise infection risk only marginally, from 1.3% to 2.6%. - Guardian
Read moreCineworld's recent relief rally overdone, says Morgan Stanley
1st Jun 2020 15:07
(Sharecast News) - Cineworld shares slid on Monday as Morgan Stanley downgraded the stock to 'underweight' from 'equalweight' and slashed the price target to 60p from 180p, arguing that the recent relief rally was overdone.
Read moreCineworld expands liquidity as it gears up for eventual reopening
28th May 2020 07:22
(Sharecast News) - Cineworld said on Thursday that its lenders have agreed to waive the leverage covenant on its credit facility for the June testing date, and increased its leverage covenant to 9.bx net-debt-to-EBITDA for the December testing date.
Read moreWednesday broker round-up
6th May 2020 13:16
(Sharecast News) - Hiscox: Jefferies upgrades to buy with a target price of 850p.
Read moreCanaccord slashes target price on Cineworld
6th May 2020 10:24
(Sharecast News) - Analysts at Canaccord Genuity slashed their target price on theatre operator Cineworld from 270.0p to 140.0p on Wednesday but said the group could very well represent a "surprise recovery play".
Read moreCineworld defers dividends and directors' pay
7th Apr 2020 07:02
(Sharecast News) - Cineworld has deferred dividends and directors' pay to conserve cash after closing all its cinemas during the Covid-19 crisis.
Read moreMonday broker round-up
30th Mar 2020 11:44
(Sharecast News) - Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.
Read moreJPMorgan downgrades Cineworld, slashes price target
30th Mar 2020 09:58
(Sharecast News) - JPMorgan Cazenove downgraded shares of Cineworld to 'neutral' from 'overweight' on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak.
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