Cineworld suspends dividend, defers pay to cushion virus hit; shares soar

(Reuters) - Cineworld's shares soared 36% on Tuesday after it suspended its dividend and said it was in talks with landlords, film studios and major suppliers to offset the impact of the closure of all its 787 cinemas due to the coronavirus pandemic.The world's second-largest cinema operator said its executive directors agreed to defer their salaries and bonuses and reiterated it was in talks with lenders over its ongoing capital requirements.Shares in the company, which have plunged 78% this..