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Following today’s release of B&M H1 figures for 2020/21, Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Lockdown in the UK provided a suitable environment for B&M to thrive. The group expects adjusted EBITDA for its first half to reach £285m, exceeding expectations of £250m-£270m set out at the end […]
Bispecific antibodies will start maturing after 2021 with estimated sales in oncology of $6bn by 2025
The clinical success of Amgen’s Blincyto has amplified the intensive pace of development for bispecific antibodies in oncology. According to GlobalData’s drugs database, there are 106 bispecific antibody molecules – with various targets – currently in the pipeline. Furthermore, there are 263 ongoing/planning to enroll clinical trials involving a bispecific antibody. Sakis Paliouras, PhD, Oncology […]
Diageo’s positive forecast for fiscal 2021 could be marred by second COVID-19 wave
Following today’s news (28 September) that spirits manufacturer Diageo’s US business has outperformed expectations at the start of its fiscal year 2021; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Diageo is a model example of agile marketing, proven by how the company reinvented its business model to […]
A&D sector’s sentiment score finally shows signs of steadying in August 2020 after previous declines
The aerospace and defense (A&D) sector’s average earnings transcript sentiment score for August 2020 was on par with July 2020, after facing declines in past months. Sentiments were influenced by improvements in top gainers’ EBITDA margins, and robotics was one of the most popular discussion points within the industry’s earnings transcripts, says GlobalData, a leading […]
MEA remained highest risk region, with risk further intensifying in Q2 2020
The overall regional risk score in the Middle East and Africa (MEA) region in Q2 2020 was 55.6, according to GlobalData’s proprietary Global Country Risk Index (GCRI). The risk score of the MEA region was higher as compared to the score of 48.8 in Q4 2019 because of the ongoing social conflicts and rising geopolitical […]
COVID-19 recession will boost price comparison sales
Price comparison websites (PCWs) will become even more popular in insurance as consumers look for savings wherever possible as the UK economy officially enters recession, according to GlobalData, a leading data and analytics company. PCWs are very popular among UK consumers when purchasing insurance. GlobalData’s 2019 UK Insurance Consumer Survey found that 31.3% of motor […]
Novartis’ intrathecal Zolgensma delay in older patients bodes well for competitors
Following a review of data from the Phase I STRONG study of the intrathecal (IT) formulation of Novartis’ one-off gene therapy Zolgensma (onasemnogene abeparvovec) in older patients with spinal muscular atrophy (SMA), the Food and Drug Adminstration (FDA) has requested a pivotal Phase III confirmatory study to further support the drug’s regulatory filing; Sarah Elsayed, […]
DFS starts strong but future conditions mean it cannot sit comfortably just yet
Following today’s release of DFS FY figures for 2019/20, Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “The stop-start nature of the furniture sector in 2020 has been highlighted by DFS, which went from trading broadly in-line with last year prior to April to revenues falling by 27.3% to […]
Pets at Home excelling during COVID
Pets at Home expects full-year underlying pre-tax profit to exceed current market expectations, after revealing “double-digit LFL growth” through the eight weeks to 10 September 2020 across its Retail and Veterinary operations. Jonathan Rock, Associate Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news: “Whilst naturally more resilient […]
UK SMEs concerned over staff contracting COVID-19 will alter insurance propositions for the foreseeable future
Just over 60% of SME employers in the UK are concerned about staff contracting COVID-19, according to a survey by GlobalData, a leading data and analytics company. Only a very small percentage of SMEs expressed no concern at all, which suggests that this new way of working will continue for the majority of SME employees […]
Global opioid use disorder market to reach $3.7bn by 2028 driven by buprenorphine reformulations
The opioid use disorder (OUD) market is expected to grow from $1.6bn in 2018 to $3.7bn by 2028 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 8.8%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Opioid Use Disorder-Opportunity Analysis and Forecasts to 2028’, reveals […]
Joules shows signs of recovery from COVID-19 as online sales remain buoyant
Following today’s release of Joules Q1 figures for 2020/21, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Joules has proved its resilience and the strength of its brand appeal as its retail revenue only fell by 5%, protected by strong sales growth online despite already high online penetration (57% in […]
A third of medium-sized businesses are more likely to purchase cyber insurance since COVID-19 outbreak
Insurers looking to target businesses with cyber insurance following a rise in attempted attacks during lockdown should focus on larger small and medium-sized enterprises (SMEs), according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK SME Insurance Survey found that although only 8.5% of SMEs said the likelihood of them purchasing cyber insurance […]
Colombia’s defense and security spending set to reach US$12bn by 2025
Colombia’s defense and security spending is set to reach US$12bn by 2025 as the country plans to maintain its core combat capabilities in response to the fragmented commands of insurgent groups, which have resulted in an ineffective enforcement of the peace, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘The Colombian […]
Spend shift to home renovations continues to power Kingfisher
Following today’s release of Kingfisher H1 figures for FY2020/21, Georgina Sreeves, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Consumer momentum to shop online is not slowing down, with e-commerce sales at Kingfisher up 158.2% in its Q3 to date as the DIY specialist continues to improve its e-commerce capabilities through its […]
More united approach needed for nations to completely eliminate coal-fired power plants
Active coal-fired power plants are enough to prevent the world from achieving the global warming target set in the Paris Climate Agreement. Currently, more than 60% of the major active coal power capacity is in the Asia-Pacific region, according to GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: […]
Airbus zero-emission commercial aircraft models achieve key capabilities
Following the announcement that Airbus plans to introduce zero-emission commercial aircraft models by 2035; Harry Boneham, Aerospace and Defense Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “This announcement signals that Airbus recognizes the environmental impact of commercial aviation and is realigning to conform to a market in which consumers […]
Mobile banking and telephone channel gain prominence during COVID-19 pandemic
COVID-19 has highlighted the importance of human contact to solve problems, as the telephone channels have seen a rise in use, according to GlobalData, a leading data and analytics company. Sean Harrison, Lead Banking Analyst at GlobalData, comments: “The number of active telephone banking customers has almost doubled since 2017, indicating that digital channels are […]
Brexit remains concern despite sentiment growth in UK FS sector
Brexit-driven policy disruptions continue to jolt UK financial service (FS) companies as the looming threat of a no-deal Brexit and its uncertainty have made financial institutions wary of any significant investment, says GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Analyst at GlobalData, comments: “The mentions of ‘Brexit’ (in all FS company filings) […]
Abbott’s POC COVID-19 FDA revisions will better capture positive cases
Following the Food and Drug Administration (FDA) revision of emergency use authorization (EUA) for Abbott point-of-care (POC) SARS-CoV-2 test, the Abbott ID NOW COVID-19 test; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Abbott is the second market leader in POC testing for COVID-19 polymerase chain reaction […]