
Cineworld to be kicked out of world's tallest cinema
The building on Renfrew Street in Glasgow has been operated by Cineworld since it takeover from UGC in 2005.
Cineworld has confirmed that the landlord intends to take back the site and employees impacted have been informed.
The new owner purchased the site for £7m in May this year. Cineworld has been leasing the building for more than £1m a year, according to title documents seen by STV News.
Clydebankbridge Ltd is owned by Omniplex, an Irish cinema group that took over five Empire sites in 2023 – including the one in Clydebank.
The lease on the building was due to run until 2036 – but it appears the new owner is seeking to end this prematurely.
Omniplex has been contacted for comment.
A Cineworld spokesperson said: 'We are aware of the landlord's intention to take back the site at Cineworld Glasgow Renfrew Street.
'We have communicated to and are working closely with our employees that may be impacted. At this stage, we do not have further information to share.'
Opened in September 2021, the UGC Cinema stands at 62m tall, has 18 screens across 12 storeys and can seat more than 4,200 people.
It was taken over and rebranded by Cineworld in 2005.
After entering administration in 2023, Cineworld announced the closure of six cinemas in a major company restructure.
It closed sites at Glasgow Parkhead, Bedford, Hinckley, Loughborough, Yate and Swindon Circus.
Cineworld operates eight cinemas in Scotland with three locations in Glasgow, two in Aberdeen and sites in Dundee, Falkirk and Edinburgh.
Get all the latest news from around the country Follow STV News
Scan the QR code on your mobile device for all the latest news from around the country

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

South Wales Argus
a minute ago
- South Wales Argus
Tariff of 15% ‘challenging' but avoids a trade war
Peter Burke said that the EU-US deal avoids both a trade war and EU counter-measures, which would have had an effect on the north-south economy. He said 'the devil is in the detail' of the trade agreement finalised on Sunday by Donald Trump and European Commission president Ursula von der Leyen in Scotland. 'We had a lot of modelling carried out on the various different options, and some were very perverse, that would have closed the market if you had over a 30% tariff with a stacking mechanism,' Mr Burke told RTE Radio. 'The key thing is that there will be a number of carve outs. Obviously, aviation has been cited as zero-for-zero, but also in relation to agrifoods and potentially spirits.' The bloc is set to face 15% tariffs on most of its goods including cars, semiconductors and pharmaceuticals entering the US and 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals – as well as EU purchases of US energy worth 750 billion dollars over three years. Mr Burke said it was his understanding that the 15% tariff on the pharmaceutical sector would be a maximum rate. He added: 'I think the president of the Commission has been very clear that 15% will be a ceiling.' It is still unclear from the deal, agreed five days before Mr Trump's threat of a 30% tariff would have come into effect, will mean Ireland will need to invest in US energy, he added. 'This all has to be worked out yet, as you can appreciate, I'm only hearing this for the first time last night, and we have nothing on paper.' Ireland's premier Micheal Martin and deputy premier Simon Harris welcomed the agreement struck on Sunday, saying that while Ireland 'regrets' the baseline tariff of 15%, it welcomed the certainty for businesses. Mr Harris said further detail was needed around how tariffs would affect sectors including pharmaceuticals. Ireland remains vulnerable to a slow down in trade with the US economy, due to exports of products such as alcohol, dairy and beef. The Irish government has also expressed concern at how tariffs could affect pharma multinationals based in Ireland, which employs about 45,000 people in Ireland, as Mr Trump had signalled he intended to target that industry. In addition, 65% of all aircraft are leased through Ireland globally. Last week, Finance Minister Paschal Dohonoe said the Irish government would spend 9.4 billion euro on its budget in October, based on a zero-tariff scenario for next year. He and Public Expenditure Minister Jack Chambers said these estimates would need to be revised if there was a shock to the Irish economy. Mr Burke said it was not naive to base the government's economic scenario on a zero-for-zero trade agreement with the US. 'No it wasn't because we didn't know what we were to be faced with,' he said on Monday. 'We do need to find out what happens in other areas, because this is very complex. 'It depends what happens with China, that's a very significant market that a deal hasn't happened yet. 'It really impacts what happens with our exporters here in Ireland as well, because so much product is in danger of being redirected into EU market. 'We also don't know what separate carve outs are going to emerge for the different sectors that are so vulnerable from an Irish perspective. 'Until we get flesh on the bones and all those areas over the coming weeks, we'll be in a better position then to really put forward what budgetary parameters (we) will end up with.'


South Wales Guardian
a minute ago
- South Wales Guardian
Tariff of 15% ‘challenging' but avoids a trade war
Peter Burke said that the EU-US deal avoids both a trade war and EU counter-measures, which would have had an effect on the north-south economy. He said 'the devil is in the detail' of the trade agreement finalised on Sunday by Donald Trump and European Commission president Ursula von der Leyen in Scotland. 'We had a lot of modelling carried out on the various different options, and some were very perverse, that would have closed the market if you had over a 30% tariff with a stacking mechanism,' Mr Burke told RTE Radio. 'The key thing is that there will be a number of carve outs. Obviously, aviation has been cited as zero-for-zero, but also in relation to agrifoods and potentially spirits.' The bloc is set to face 15% tariffs on most of its goods including cars, semiconductors and pharmaceuticals entering the US and 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals – as well as EU purchases of US energy worth 750 billion dollars over three years. Mr Burke said it was his understanding that the 15% tariff on the pharmaceutical sector would be a maximum rate. He added: 'I think the president of the Commission has been very clear that 15% will be a ceiling.' It is still unclear from the deal, agreed five days before Mr Trump's threat of a 30% tariff would have come into effect, will mean Ireland will need to invest in US energy, he added. 'This all has to be worked out yet, as you can appreciate, I'm only hearing this for the first time last night, and we have nothing on paper.' Ireland's premier Micheal Martin and deputy premier Simon Harris welcomed the agreement struck on Sunday, saying that while Ireland 'regrets' the baseline tariff of 15%, it welcomed the certainty for businesses. Mr Harris said further detail was needed around how tariffs would affect sectors including pharmaceuticals. Ireland remains vulnerable to a slow down in trade with the US economy, due to exports of products such as alcohol, dairy and beef. The Irish government has also expressed concern at how tariffs could affect pharma multinationals based in Ireland, which employs about 45,000 people in Ireland, as Mr Trump had signalled he intended to target that industry. In addition, 65% of all aircraft are leased through Ireland globally. Last week, Finance Minister Paschal Dohonoe said the Irish government would spend 9.4 billion euro on its budget in October, based on a zero-tariff scenario for next year. He and Public Expenditure Minister Jack Chambers said these estimates would need to be revised if there was a shock to the Irish economy. Mr Burke said it was not naive to base the government's economic scenario on a zero-for-zero trade agreement with the US. 'No it wasn't because we didn't know what we were to be faced with,' he said on Monday. 'We do need to find out what happens in other areas, because this is very complex. 'It depends what happens with China, that's a very significant market that a deal hasn't happened yet. 'It really impacts what happens with our exporters here in Ireland as well, because so much product is in danger of being redirected into EU market. 'We also don't know what separate carve outs are going to emerge for the different sectors that are so vulnerable from an Irish perspective. 'Until we get flesh on the bones and all those areas over the coming weeks, we'll be in a better position then to really put forward what budgetary parameters (we) will end up with.'

South Wales Argus
21 minutes ago
- South Wales Argus
Heineken sells less beer after fraught pricing talks with retailers
The Dutch brewer saw shares dip as it also indicated that US tariffs would act as a drag on company profits. The company, which also makes Birra Moretti and Amstel, reported a 1.2% slump in beer volumes in the first six months of 2025, driven by declines in Brazil, the US and parts of Europe. It said European volumes dropped by 4.7% after a number of retailers, primarily in France, the Netherlands, Germany and Spain, pulled the brand due to planned price increases. Heineken said the talks with retailer groups took longer than expected to be resolved. Sales of Murphy's Irish stout grew in the UK over the past half year, Heineken said (David Parry Media Assignments/PA) Group revenues dropped by 5% to 16.9 billion euros (£14.6 billion) for the half-year. The company said it also saw weaker sales in the US over the period, with beer volumes down by 'high' single digits due to weak consumer sentiment. It comes as the company is set to be impacted by the proposed 15% tariff on all EU products imported into the US. In the UK, net revenues, before exceptional items and amortisation, increased by 'low single digits' over the half. Beers and cider volumes dropped, despite strong growth from its Cruzcampo lager brand. Its Murphy's stout brand also saw further growth after being boosted by improved distribution and new draughts. The brand benefited from supply issues from rival stout brand Guinness late last year following soaring demand. Dolf van den Brink, chief executive and chairman, said: 'We continued to invest in future-proofing our business, strengthening our footprint and brand portfolios, funded by productivity savings. 'Our volume performance improved across all regions in the second quarter and continued to be of high quality.'