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Evening Standard

Business

Jonathan Prynn

Cineworld shares crash on bankruptcy report

Cineworld Tom Cruise London

Tom Cruise attending the UK premiere of Top Gun: Maverick (Ian West/PA)
(Picture: PA Wire)

Shares in the world’s second biggest cinema chain Cineworld crashed 80 per cent today on reports that it is preparing for bankruptcy.

The London based cinema operator, which has built up $4.8 billion of debt, said only two days ago that it had been hit by slower than expected ticket sales since the lifting of Covid restrictions.

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