Tags: finance

European fund to support “cinemas as innovation hubs”

The European Commission has launched ‘Cinemas as innovation hubs’ which will allocate a total of €2 million to projects that test new initiatives in regard to rethinking the cinema experience. The European Commission has launched a new call for proposals titled ‘Cinemas as innovation hubs’ which will allocate a total of €2 million to projects…

UK retail crisis leaves banks hesitant to fund shopping centres

Investment firm Franklin Templeton had to pull out of a £38m deal to buy an Edinburgh shopping centre after failing to raise bank debt, reflecting growing concern among lenders about the retail industry. Sources said Franklin Templeton had agreed to buy the Cameron Toll centre from Oaktree Capital, but three banks refused to lend. Retail…

Blockbuster first-half results for UK cinema chain Vue International

| UK pioneer of VIP seating, Vue has hailed record first-half results, while its acquisition strategy has paid off with the launch of a new Netherlands-based arm | Turnover for the chain was £381.8m in the 26 weeks to 26 May, showing growth of 4.4 per cent against its £365.7m in the first half of last year. Earnings before interest,…