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Cineworld has warned it may need to raise more money in the event of further coronavirus restrictions or film delays due to Covid-19. It swung to a $1.6bn (£1.3bn) loss for the six months to June as its cinemas were closed under lockdown. "There can be no certainty as to the future impact of Covid-19 on the group," it said. The cinema giant said it had reopened 561 out of 778 sites worldwide as lockdown restrictions have eased. Six of its theatres in the UK remain closed after cinemas were forced to shut temporarily for several months from mid-March in an attempt to contain the spread of Covid-19. The lockdown closures meant group revenues sank to $712.4m in the first six months of the year, compared with $2.15bn a year earlier. Full story

24 September