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Cineworld closures set to be permanent in some locations with the company reportedly mulling a CVA to help it survive the pandemic (1)

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Closures and job cuts could be on the cards at Cineworld as it mulls over the prospect of entering a company voluntary arrangement, a report has claimed.

The cinema group has been hit hard by the pandemic, with prolonged forced closures and the postponement of major blockbuster films, including the latest  James Bond movie, 'No Time to Die'.

FTSE 250-listed Cineworld has seen its share price fall sharply today, and is currently trading down 9.01 per cent or 4.36p to 44.04p, having dropped over 11 per cent earlier.

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