Cineworld's profits more than doubled last year after revenue was boosted by Black Panther and Avengers: Infinity War.

The group, which has cinemas across Scotland, made a pre-tax profit of $349 million (£262.2m) in 2018 compared with $155.1m (£116.5m) a year earlier.

Revenue surged to $4.12 billion (£3.1bn) from $1.15bn dollars (£864m) after record box office results in the US thanks to the acquisition of Regal Entertainment.

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Cineworld chief executive Mooky Greidinger said: "We are pleased to announce strong full-year results following the successful acquisition of Regal.

"We are well on our way to achieving the successful business integration following a strong performance and record box office results in the US.

"The combination with Regal has exceeded our expectations - we have incorporated the best of both companies by bringing together world-class talent, integrating best practice from both sides of the Atlantic, and deepened our understanding of the US market.

"Whilst the group has expanded significantly, our strategy and vision remain the same - to be 'the best place to watch a movie' by continually focusing on providing the best customer experience, maintaining technological leadership, expanding and upgrading the estate, and training and retaining highly-motivated, experienced and loyal staff.

"We look forward to the strong film slate for the remainder of the year."


Savills reported a three per cent fall in profits as the estate agency warned of a tough year ahead due to economic and political uncertainty.

Chief executive Mark Ridley expects lower property transaction volumes across markets this year despite a strong start to the year.

He said: "We have made a solid start to 2019; however, the year ahead is overshadowed by macro-economic and political uncertainties across the world.

"It is difficult accurately to predict the impact of these issues on corporate expansionary activity and investor demand for real estate."

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He added: "At this stage, we expect to see declines in transaction volumes in a number of markets and growth in our less transactional business lines; accordingly we retain our expectations for the group's performance in 2019."

Savills made a pre-tax profit of £109.4 million in 2018 compared with £112.4m the year earlier.

Outsourcing giant Capita insisted its overhaul is on track but has "some way to go" as it reported a 26 per cent fall in annual profits.

The group - Britain's biggest outsourcer - reported underlying pre-tax profits of £282.1 million for 2018 after revenues fell 5% to £3.9 billion.

Chief executive Jon Lewis said: "We've successfully completed year one of our multi-year transformation, fixed the basics and are firmly on track."

He added: "Our transformation still has some way to go. But I am very pleased with our progress."

Shares eased one per cent as Capita said it was expecting broadly flat profits in 2019, guiding for between £265m and £295m.