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Cineworld confirms UK and US closures; UK car sales hit two-decade low – business live

Cineworld confirms UK and US closures; UK car sales hit two-decade low – business live

Rolling coverage of the latest economic and financial news

  • 7am newsflash: Cineworld cinemas in UK and US to close
  • 45,000 employees impacted; closures begin on Thursday
  • Peter Bradshaw: James Bond mustn’t kill film industry
  • September car sales weakest since 1999
  • Cineworld shares halve in value in early trading

Odeon is to shut a quarter of its cinemas during the week as a dearth of Hollywood blockbusters and the second wave of the pandemic keeps movie-goers at home.

“We look forward to reopening full time when the big blockbusters return,”

“But in the meantime, we promise to bring you a great choice of big-screen films to enjoy at the weekends.”

The UK retail sector suffered a drop in customers last week, as new Covid-19 restrictions and a burst of autumnal rain kept people at home.

That’s according to analytics firm Springboard, which found that retail footfall dropped most sharply in the evening — after the government brought in a 10pm closure for pubs and restaurants.

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