Cineworld reportedly considering closures and rent cuts in restructuring move

A Cineworld cinema in Feltham, west London, amid reports that the chain is looking at screen closures and rent cuts (Jonathan Brady/PA)

Cineworld is reportedly considering cutting rents and permanently closing some UK cinemas after being hammered by the coronavirus pandemic.

Shares in the company slid lower on Thursday morning after the Financial Times reported that the chain was mulling a Company Voluntary Arrangement (CVA) restructuring deal.