July 2, 2019 / 10:33 AM / 17 days ago

BUZZ-Cineworld shares up as HSBC expects box office recovery in H2

** Shares of British cinema operator Cineworld Group Plc rise 1.5% at 256.8 pence

** “The box office has had a slow start in H1, but we expect an improvement by year-end,” HSBC says in a note

** “One year on, focus is turning to refurbishments, we think 25% ROI is achievable with potential for more” - HSBC

** “Cinema trading should be judged on performance over the course of the year, but H1 will be tough.. The U.S. box office is currently down by -9.5% to June, from -16% to March” - HSBC

** Shares have risen just 2.5% in the year so far (Reporting by Justin George Varghese in Bengaluru)

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