Cineworld set to run out of cash within weeks unless it secures a lifeline from investors, analysts warn

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Cineworld could run out of cash within weeks unless it secures a lifeline from investors, analysts have warned.

The world’s second-biggest cinema chain had roughly £308million in the bank in June, but Bank of America said it was expected to burn through £324million in the following six months.

‘This suggests the group could run out of cash in November or December,’ its analysts told clients.

 

Source: https://www.thisismoney.co.uk/money/markets/