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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