Cineworld (CINE) is a global cinema group, running multiplex sites throughout the UK, US, Israel and both Eastern and Central Europe. Cineworld operates under a number of brands, such as Cinema City, Planet, and Cineworld Cinemas.
Acquisition Of Regal Entertainment
In 2017, Cineworld acquired its US equivalent, the Regal Entertainment Group, at a cost of $5.8bn. This strategic acquisition was aimed at heading off competition from the Chinese Dalian Wanda group. The Chinese chain is the largest cinema business in the world, and owns the AMC Theatres Group which operates Odeon cinemas, and others, in the UK.
Cineworld’s strategic plans also include further investment in refurbishing its estate, and rolling out high tech ScreenX, 4DX and IMAX facilities. ScreenX gives a 270 degree panoramic view of a film, so is in line with the trend for immersive entertainment experiences. Read More
National Express (NEX.L) is best known in the UK for its coach services. However, it’s actually a multinational transport group running rail, bus, tram and coach services and operating in Europe, Africa, North America and the Middle East. Headquartered in Birmingham, it employs around 45,000 people and 80% of its income comes from overseas operations. The company reckons to carry passengers on 800 million individual journeys each year. The company is becoming famous for the regularity with which it delivers dividend increases, of which more below. Suffice to say that there have been seven consecutive increases in the dividend – a record few companies can beat. National Express has been making acquisitions which have helped growth and it expects to make more in the next year. It’s also targeting new contracts in the North American charter and transit market and in German and Moroccan rail services. Read More
Galliford Try PLC is a United Kingdom-based house building, regeneration and construction company. The Company operates through the segments, including Linden Homes, Partnerships and Regeneration, Construction, public private partnerships (PPP) and Central Costs. Its Linden Homes segment develops private homes for sale across England. Partnerships and Regeneration is its specialist regenration business that works with registered providers and local authorities to supply mixed-tenure housing. Its Construction business includes Building and Infrastructure. Building business is focused on the public and regulated sectors, in the health, education and defense markets. Its infrastructure business carries out civil engineering projects. Its PPP Investments segment delivers building and infrastructure projects through PPPs. The Company’s brands include Galliford Try, Linden Homes, Galliford Try Partnerships, Morrison Construction, Oak Dry Lining, Drew Smith and Rock & Alluvium. Read More