The Mail on Sunday

Vue helped by recession

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VUE Cinemas has narrowed its losses by more than a third after recession-struck Britons opted to save money by going to films rather than to nightclubs or restaurant­s.

The chain, which is in the process of digitising its 69 cinemas, cut its deficit to £14.4 million in the year to last November. Hits such as James Cameron’s 3D spectacula­r Avatar helped to push up sales by ten per cent to £272 million.

Vue is part-owned by Lloyds Banking Group through the HBOS Integrated Finance portfolio. A sale of the beleaguere­d private equity-style fund could come within weeks.

Coller Capital and 3i are understood to be in lastround talks with Lloyds.

 ??  ?? SALES RISE: Vue Cinemas
SALES RISE: Vue Cinemas

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