Cineworld plunged 43.1% after cinema chain operator said shareholders may see equity wiped out in Chapter 11 exit via IrishTimesBiz
plunged 43.1 per cent after the cinema chain operator said its shareholders may see the value of their equity wiped out as it looks to exit from Chapter 11 bankruptcy protection following its failure to find a buyer.fell 6.5 per cent as the group’s debt remained higher than its market capitalisation despite forecasting that its earnings could jump almost 90 per cent this year.European shares also slid on the US data to end the week lower.
2 per cent to the top of the STOXX 600 after its third-quarter earnings beat expectations. But German chemicals giantfell 7.9 per cent as it flagged a decline in annual earnings and said it plans to cut 2,600 jobs and halt buy-backs.Wall Street’s main indices tumbled and were on course for their worst weekly performance of the year.slid in the range of 1.3 per cent and 2.3 per cent as Treasury yields rose.slid 4.
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