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

ExxonMobil is at a crossroads as climate crisis spurs clean energy transition
‘They’re all terrified’: Patients ‘panic’ as abortion clinic prepares to close
‘Crash for cash’ scammers using new tactics to cause road collisions – bringing ‘pain and strife’ to drivers
Britney Spears’ ex-husband to go to trial after ‘crashing’ her wedding
Surprise last-minute hearing on US capitol riots announced to present new evidence