Everyman sinks as cinemas shuttered

Shares in AIM-listed cinema firm Everyman Media Group (LON:EMAN) declined by 5.43% to 76.60p (as of 15:35 GMT) after it closed its venues to guests until further notice. Cost control measures have been put in place including postponement of expansion and refurbishment plans and the group has substantial headroom in its existing loan facilities.

Management said that they remain confident in the company’s long-term prospects and that it had a successful year during the 12 months ended 2nd January.