Global stocks tumble after US figures show taming inflation ‘far from over’

📆 24/02/2023 23:17:00
📰 IrishTimes

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Cineworld plunged 43.1% after cinema chain operator said shareholders may see equity wiped out in Chapter 11 exit

UK stocks ended lower on Friday with the blue-chip FTSE 100 falling 0.4 per cent and the midcap FTSE 250 dropping 0.5 per cent.

Cineworld 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.

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