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Following today’s release of Kering Q3 figures for 2019/20, Chloe Collins, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Despite the COVID-19 crisis continuing to hit the luxury fashion industry hard, as a result of tourism restrictions and economic uncertainty, Kering has showcased impressive resilience. Revenue between July and September only […]
Russian petrochemical producers are well-positioned for market recovery post-COVID-19
The COVID-19 outbreak has led to an unprecedented decline in demand affecting all sections of the Russian economy, which has impacted the demand for petrochemicals in the short-term. However, the pandemic triggered an increase in the demand for polymers in food packaging, and cleaning and hygiene products. With Russian petrochemical companies having the advantage of […]
Travel brands set to invest $319.42m in front of shirt sponsorships across European soccer
From across its 18 major shirt sponsorships across the 15 biggest European soccer leagues, this season the travel sector is set to be responsible for $319.42m sponsorships – the most of any sector, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Front of Shirt Sponsorship Report 2020-21’, the travel sector is […]
Continued economic uncertainty will see bargain hunters emerge as a key target consumer group
By the end of 2020, unemployment rates in working capitals are expected to more than triple due to the effects of COVID-19. This has subsequently affected behavior for the ‘bargain hunters’ consumer group as they are most affected by price changes. In fact, 21% of bargain hunters reported that they are in paid employment but […]
Dunelm shrugs off damage caused by initial lockdown sales slump
Following today’s release of Dunelm Q1 figures for 2020/21, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Dunelm has made a comeback from its initial setback caused by the lockdown period, with total group sales growing a staggering 36.7% to £359.1m in Q1 2020/21 against a strong comparative the previous […]
Low crude prices and oil demand uncertainty will hamper near-term growth in Permian
The Permian Basin, the largest oil producing region in the US, has been impacted the most by the COVID-19 pandemic. Since March 2020, several producing wells in the region have shut down and there has been a decrease in drilling rig counts, which has led to a drop in its output from 4.85 million barrels […]
RAF Lossiemouth restoring critical strategic capability presents further opportunities in Moray
Following the news that RAF Lossiemouth has reached a major milestone with the return of aircraft to the Moray station; Anthony Endresen, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The capability to operate maritime patrol aircraft in this key submarine patrol area was lost in 2010 with […]
Global Crohn’s disease market set to reach $12.6bn by 2029 driven by new therapies
The Crohn’s disease (CD) market is expected to grow from $7.4bn in 2019 to $12.6bn by 2029 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 5.5%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Crohn’s Disease – Global Drug Forecast and Market Analysis to 2029’, states […]
Apple’s iPhone 12 announcement will result in an aggressive holiday selling season
Following the news that Apple has introduced iPhones with 5G technology, Lynnette Luna, Principal Analyst at GlobalData, a leading data and analytics company, offers her view on Apple’s iPhone 12 announcement: “Carriers that have rolled out 5G have been waiting for this moment. As a result, we can expect a particularly aggressive holiday selling season […]
ASOS takes COVID-19 in its stride and emerges a clear winner in 2020,
Following today’s release of ASOS FY figures for 2019/20, Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, comments: “ASOS has reaped the rewards of its online pureplay business model and its ability to rapidly evolve to meet the changing needs of its customers, despite its reliance on clothing & footwear which […]
UK tourism industry is dealt another blow as England’s three-tier system is rolled out
Following the new three-tier system of COVID-19 restrictions that have now been rolled out in England; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “According to GlobalData’s most recent forecasts, total UK domestic trips are now set to drop by 64.1% this year […]
Global deal activity witnessed marginal growth in September 2020
A total of 6,598 deals were announced globally during September 2020, which is an increase of 1.7% over 6,488 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that deal volume during the month remained above the first and second quarter […]
Financial services sector paves way for rebounding economy
Businesses have been burdened with innumerable headwinds driven by the COVID-19 pandemic. The surge in cases caused demand slumps not seen in decades, as policymakers were forced to compromise between public health and business activities. As most sectors are now seeing glimpses of recovery from the crisis, geopolitical situations continue to jolt economic rebounds. The […]
Goldman Sachs was top M&A financial adviser by value and volume for Q1–Q3 2020
Goldman Sachs was the top financial adviser for mergers and acquisitions (M&A) deals by both deal value and volume for Q1–Q3 2020, having advised on 197 deals worth US$405.8bn, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs’ involvement in big-ticket deals helped the firm […]
COVID-19-related long-term effects provide opportunities for better pandemic management
Following reports that COVID-19 may cause lingering heart damage; Vinie Varkey, M.Sc, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “While the growing evidence of COVID-19 causing long-term effects in some patients is concerning and adds to the list of unknowns associated with this outbreak, this particular issue also […]
Carnival needs to set sail again and generate jobs
The global travel and tourism industry has been badly hit by COVID-19 and this is noticeable in the overall hiring pattern. Companies across the tourism industry are struggling to stay afloat and cruise liners such as Carnival is no exception as the British-American company is in dire straits to sustain operations, says GlobalData, a leading […]
Global artificial intelligence platform market will be worth $52bn by 2024
Global artificial intelligence (AI) platform revenue will reach $52bn by 2024, up from $28bn in 2019 as spending on AI will rise as businesses seek to accelerate digital transformation and development, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thematic Research: Artificial Intelligence’, states that the next few years will see AI providers […]
Tesla in running to buy stake in LG Chem’s battery division
Following the news that LG Chem operating profit for the third quarter is heading for a record high; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “South Korea-based LG Chem has recently overtaken China’s CATL and Japan’s Panasonic to become the world’s largest supplier of lithium-ion batteries for […]
An older customer base, reluctant to visit stores, leaves Edinburgh Woollen Mill’s future in jeopardy
Following the news that the Edinburgh Woollen Mill Group has filed a notice to appoint administrators, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “The Edinburgh Woollen Mill group’s reliance on older customers will have exacerbated its struggles throughout the COVID-19 pandemic, as these shoppers […]
Tesla is top automotive industry performer
Tesla tops GlobalData’s Thematic Screen which ranks automotive companies according to themes that matter most to the industry, generating a leading indicator of future performance. “For some time now, Tesla has outperformed the sector in terms of measures such as market capitalisation,” says Calum MacRae, Automotive Analyst at GlobalData. “Our latest analysis keeps Tesla firmly […]