PM Announces Further Relaxation in the Lockdown Restrictions- Cineworld Group in focus

PM Announces Further Relaxation in the Lockdown Restrictions- Cineworld Group in focus

Summary

  • Boris Johnson announced that there would be further relaxation provided in the lockdown restrictions imposed by the British government
  • Indoor theatres, music and performance venues, wedding receptions, sports events, etc. will take place from 15 August 2020
  • The government has doubled fines to a maximum of £3,200 for those who repeatedly break the face-covering rule

After discussing the options for easing lockdown restrictions in the United Kingdom over the upcoming months, the British government is helping prepare Britons to commence work in a Covid-19 safe environment and therefore, getting nation’s economy back to a more sustainable level. 

On 13 August 2020, the Prime Minister of the United Kingdom, Boris Johnson announced that there would be further relaxation provided in the lockdown restrictions imposed by the British Government. The operations of various businesses will resume from 15 August 2020, considering the social distancing measures needs to be followed by the citizens.

When will the people visit the theatre again?

Indoor theatres, music and performance venues will be able to reopen with socially distanced audiences from 15 August 2020. Under the new guidelines issued by the Government, such venues will have to operate at a reduced capacity and sale of tickets will be limited to ensure distancing can be maintained inside.

One such company of the entertainment industry, Cineworld Group PLC (LON: CINE) stock was trading not much enthusiastic about the announcement was trading at GBX 50.10 on 14 August 2020, at 12:38 PM, down by 3.54 per cent from its previous close of GBX 51.94. It was having a market capitalisation (Mcap) of £713.03 million. The company recorded a negative price return of 76.39 per cent on a YTD (Year to Date) basis.

What about the salons?

Beauty salons, tattoo studios, spas and barbers across England will be able to offer their services from the above-mentioned date.

What about the gaming section?

Bowling alleys, skating rinks and casinos will reopen for the first time since the lockdown had been imposed. The announcement has been welcomed by the Betting and Gaming Council.

One of the gaming company Flutter Entertainment PLC (LON: FLTR), a global betting and gaming operator and a constituent of the FTSE 100 index of LSE, was flowing amid the negative sentiments of the market, trading at GBX 12,105.00 on 14 August 2020, at 12:40 PM, down by 1.79 per cent from its previous close of GBX 12,325.00. It was having a market capitalisation (Mcap) of £19,076.87 million. The company has given a positive price return of 30.42 per cent on a YTD (Year to Date) basis.

Can one participate in weddings?

Wedding receptions will be permitted, but with a maximum of 30 guests only.

Generally, such ceremonies take place in hotels and banquet halls and can have some impact on the hospitality sector.

Compass Group PLC (LON: CPG) a world-class food and support services company, was trading at GBX 1,188.00 on 14 August 2020, at 1:14 PM, down by 2.10 per cent from its previous close of GBX 1,213.50. It was having a market capitalisation (Mcap) of £21,647.09 million. The company has given a negative price return of 36.23 per cent on a YTD (Year to Date) basis.

J D Whetherspoon PLC (LON: JDW) is the owner and operator of pubs throughout the United Kingdom, and Ireland was trading at GBX 979.50 on 14 August 2020, at 12:42 PM, down by 2.15 per cent from its previous close of GBX 1,001.00. It was having a market capitalisation (Mcap) of £1,205.01 million. The stock has given a negative price return of 40.35 per cent on a YTD (Year to Date) basis.

Also read: UK’s Social Distancing Norms Get Relaxation; Hospitality Sector to Reopen from July 4

Will the sport events resume?

A small number of sporting events has been allowed to take place by the Government. The sports venues are scheduled to reopen from 1 October 2020. The final of the World Snooker Championship will take place at Sheffield’s Crucible Theatre during 15 August 2020 - 16 August 2020.

Also read: A Glimpse of World of Sports Amid Covid-19 And Arsenal’s Plan of Job Cuts

However, nightclubs, dance halls, and discotheques will remain closed.

Announcement by the Prime Minister

Boris Johnson addressed on 13 August 2020, saying the nation was able to go for some further changes, allowing more people to return to work and the public to get back to more of the things they had missed in the last few months. However, as said earlier, the Government will not hesitate to put close down the operations of different sectors if required or to continue to implement local measures to help to control the transmission of the disease.

He also added that majority of the Britons are following the rules and doing all they can to control the virus, but every individual must remain focused, and cannot be complacent. This is the reason why the Government will be taking stricter actions, and strengthening the enforcement powers available to them, against those who repeatedly break the rules.

Government’s Rules and Regulations

The British Government had enforced a new rule, making it compulsory for the citizens to wear a face cover from 24 July 2020. A face covering was strongly encouraged in public spaces such as banks, post offices, shops, and supermarkets. Not adhering to the rule could result in a fine of £100.

Recently, the government has doubled fines to a maximum of £3,200 for those who repeatedly break the face-covering rule, after the lockdown restrictions are eased from the weekend. The administration will also have to ask the authorities to issue on the spot fines for gatherings taking place of more than 30 people in an illegal way, as part of its new enforcement measures targeting breaches of social distancing restrictions.

To know more, do read: Fear of Second Wave Impact European Travel, Spain Faces the Wrath

Conclusion

As the communities begin to reopen, people are obviously eager to be able to go out and resume some of their regular activities. But, one should always keep in mind that the rules and regulations imposed by the Government regarding the face covering and social distancing are necessary to be followed or else Britons could end up paying the price for it.

 


Disclaimer
The website https://kalkinemedia.com/uk is a service of Kalkine Media Ltd, Company Number 12643132. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform.

 

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK