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Following today’s release of Kingfisher figures for Q4 (pre-close) FY2020/21; Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Kingfisher continues to benefit from high demand for home improvement as consumers across Europe stay home amid COVID-19, and as stores remain open over periods of lockdown. Group like-for-like sales rose 11.4% […]
Greece’s renewable energy auction scheme continues to spur growth of solar PV installations
Greece’s Regulatory Authority for Energy (RAE) has announced that the country will conduct its third joint auction for wind and solar photovoltaics (PV) projects in May 2021. The renewable energy auction scheme will continue to significantly change the generation mix of the country. As per GlobalData, in 2018, the year the auction mechanism was introduced, […]
Casualisation and affordability crucial to making M&S’ acquisition of Jaeger a success
Following the news that Marks & Spencer has bought Jaeger out of administration: Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Though M&S is not expected to retain any of Jaeger’s physical stores, the addition of the brand to its online offering will allow Jaeger […]
The Very Group capitalises on the continued shift to online in the run up to Christmas
Following today’s release of The Very Group figures for the seven weeks ending 25 December 2020, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Very.co.uk has finished 2020 on a high, with retail sales rising 25.2% in the seven weeks to 25 December 2020, as it appealed to demand for […]
Games Workshop’s sales boosted by engaging online presence as physical retail suffers
Following today’s release of Games Workshop figures for H1 FY2020/21, Zoe Mills, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “While Games Workshop’s H1 retail sales have been severely impacted by the COVID-19 pandemic, with UK retail revenue falling £6.2m to £7.5m, its appealing online proposition and trade division have more than made up for this, ensuring that the fantasy miniature specialist achieved total revenue […]
JD Sports continues to prosper through heightened restrictions
Following today’s release of JD Sports figures for the 22 weeks ending 2 January 2021; Alex Hardy, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “Continued demand for athleisure, as well as a strong online proposition, has driven l-f-l revenue growth of over 5% for JD Sports in the 22 week period to 2 January 2021, compared to last year. These results […]
Pfizer-BioNTech COVID-19 vaccine has forecasted whopping $30bn in sales
Pfizer-BioNTech’s two-shot mRNA COVID-19 vaccine, BNT-162b2, is currently the leading prophylactic vaccine for COVID-19 based on forecast sales as it is expected to be the first globally available vaccine for COVID-19. BNT-162b2 is expected to generate a whopping $30bn in sales from 2020 to 2026, with peak sales of $13.9bn in 2021, says GlobalData, a […]
Pets at Home shows no signs of slowing as it raises profit guidance following strong Christmas period
Following today’s release of Pets at Home’s trading update for the 11 weeks to 31 December (Q3 of the retailer’s financial year): Jonathan Rock, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “Pets at Home raised its profit guidance for FY2020/21, and now expects to achieve an underlying pre-tax profit of £77m, including the £28.9m repayment of business rates relief (£105.9m profit without this repayment); this is ahead of the £93.5m guidance given in November. “The momentum Pets at Home gained in its Q2 accelerated […]
Third lockdown doesn’t bode well for M&S as it struggles to adapt
Following today’s release of Marks & Spencer figures for Q3 FY2020/21; Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “M&S has reported a tale of two halves, with a healthy performance in its food division managing to prop up total UK sales of £2,529m while clothing & home floundered, paying the cost for its inability to adapt fast enough to changing shopping habits. After a terrible […]
Brands should develop guilt-free indulgences as consumers become more cautious of ingredients
Increased awareness and information access has led consumers to be cautious of ingredients. According to a survey by GlobalData, 54% of global consumers surveyed noted they pay high or very high attention to what ingredients are in food and drink products. However, stressors, such as a global pandemic, can have a significant and long-term impact […]
A clearer strategy must follow robust Christmas results at Sainsbury’s
Following today’s release of Sainsbury’s figures for Q3 FY2020/21; Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Sainsbury’s results are undoubtedly a pleasing read. Strong but expected grocery sales growth is supported by an impressive performance by Argos (+8.4%), as well as a surprisingly resilient clothing arm which achieved […]
B&M continues to thrive amid COVID-19
Following today’s release of B&M figures for Q3 FY2020/21; Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: “B&M has cemented its position as a clear winner during COVID-19 with another impressive set of results. Its stores remained open during the November lockdown in England, allowing it to absorb ongoing high […]
Goldman Sachs was top M&A financial adviser by value and volume for 2020
Goldman Sachs was the top financial adviser for mergers and acquisitions (M&A) deals by both deal value and volume for 2020, having advised on 338 deals worth US$816.6bn, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sach’s diversified and global scale helped the firm top the […]
Latham & Watkins and Kirkland & Ellis were top legal advisers by value and volume for 2020
Latham & Watkins and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers for 2020 by value and volume, respectively, according to GlobalData’s Financial Deals Database. Latham & Watkins advised on 434 deals worth US$430.9bn, which was the highest among all the advisers. Meanwhile, Kirkland & Ellis led in volume terms having […]
At-home COVID-19 test kits boosts disease monitoring capabilities in early stages of vaccine rollout
The US market value for COVID-19 tests is currently estimated to be worth $25.6bn in 2020. This is expected to grow to a value of $31.2bn in 2021, due to surging global case numbers and an expected lack of vaccine supply in H1 2021, says GlobalData, a leading data and analytics company. The recent FDA […]
Global deal activity down by 0.8% in December 2020
A total of 5,401 deals were announced globally during December 2020, which is a decrease of 0.8% over 5,443 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that deal volume during the month also remained below the monthly average of […]
Travel & tourism sector witnessed 9% decline in deal activity during December 2020
A total of 81 deals were announced in the global travel and tourism sector during December 2020, which is a decrease of 9% over 89 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector remains one of […]
Topps enters England lockdown with healthy balance sheet
Following today’s release of Topps Tiles figures for Q1 FY2020/21; Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “The start of Q1 for Topps was particularly strong, reporting 19.6% retail like-for-like growth in the first eight weeks of its financial year. The retailer held its appeal with both professional fitters […]
Swift adoption of new channel opportunities leaves Morrisons in good stead for 2021
Following today’s release of Morrisons figures for Q3 and Christmas Trading FY2020/21; Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Morrisons has announced strong – albeit expected – Q3 (13 weeks to 1 November) and Christmas results, with results improving in tandem with tougher restrictions across the UK from November onwards, culminating in +9.3% l-f-l sales for the three weeks to […]
Next continues to demonstrate its agility
Following today’s release of Next figures for the nine weeks to 26 December 2020; Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Next performed better than expected during the golden quarter despite the temporary closure of stores during November. The marginal decline in full-price sales was much better than the downside forecast (which […]