New debt deal and reopening sparks 20%-plus Cineworld surge

posted in: All News | 0

Cinemas chain Cineworld saw its share price storm higher after the company said it expected to reopen all of its cinemas by July, and struck a deal with its lenders to ease the terms of its borrowings.

The news saw the stock jump more than 20% to 93.66p, heights not seen since before the Covid-19 outbreak that forced cinemas to close across the world.

 

Read more: https://www.sharesmagazine.co.uk/news/shares/new-debt-deal-and-reopening-sparks-20-plus-cineworld-surge