Revenue growth slows at Cineworld
The movie giant Cineworld yesterday blamed a dramatic slowdown in revenue growth on the "challenging consumer environment".
It saw a 2.1 per cent fall in cinema-goers' spending at the popcorn counter in the 26 weeks to July – down from almost 4 per cent growth in the first half of the year.
The impact of the global downturn was evident elsewhere, too: screen advertising revenues fell 10.9 per cent, and growth in box office takings would have been 8 per cent but was halved to 4.1 per cent when the last two months' takings were included.
Cineworld said that was partly because brands focused on the Euro 2012 football championships – and the "timing of the Olympics is expected to add to the challenges of a tough third quarter".
Overall revenues during the 26 weeks rose 1.1 per cent, mainly because Cineworld took more cash at the box office.
- 1 Bill Clinton portrait features Monica Lewinsky reference, artist admits
- 2 What happens to your body when you give up sugar?
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
Bill Clinton portrait features Monica Lewinsky reference, artist admits
Japanese island overrun with cats after population explodes
China's 'Inconvenient Truth': video exposing country’s smog crisis watched 100 million times
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...