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A total of 6,423 deals were announced globally during July 2020, which is an increase of 16.6% over 5,507 deals announced during the previous month, according to GlobalData, a leading data and analytics company. GlobalData’s Financial Deals Database also reveals that deal volume during the month remained above the first quarter (Q1) of 2020 and […]
Driven by investments in transport infrastructure, construction industry output in Czech Republic set to grow to US$38.5bn by 2024
The Czech construction industry had been struggling in 2019, but was expected to turn a corner in 2020; however, the COVID-19 outbreak and associated containment measures have impacted the industry and it is now expected to post a contraction of 2.2% in 2020. The industry is expected to recover in 2021 and grow at an […]
Wary UK insurers remove unemployment cover from income protection policies
Many insurers in the UK have temporarily withdrawn income protection products providing unemployment cover. Leading data and analytics company GlobalData expects gross written premium (GWP) in the market to decline by 26.5% in 2020, following a period of consistently strong growth. However, the company expects the market to bounce back in 2021, with predicted growth […]
Hungary strengthens its Army and defense industry with new Lynx IFV
Following the recent news that Hungary will establish a joint venture to produce Lynx infantry fighting vehicles (IFV); Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers her view on the latest development: “The joint venture that the Hungarian Armed Forces and Rheinmetall have agreed to establish marks Lynx IFV’s first […]
Use of stem cells appears promising in restoring fertility in premature ovarian failure patients
The use of stem cells to “re-awaken” the ovaries in women with premature ovarian failure (POF) pave the way for novel treatments for this cause of infertility, says GlobalData, a leading data and analytics company. Despite their young age, POF patients face a difficult-to-treat infertility issue with limited treatment options and relatively poor fertility outcomes. In the randomized, prospective, pilot study, presented at this year’s European Society of Human Reproduction and Embryology (ESHRE) congress, follicular development was demonstrated in a […]
Sleek Sosandar continues to exploit the gap in the womenswear market
Following today’s release of Sosandar FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “Online pureplay Sosandar has continued to prove that there is a gap in the market for stylish womenswear for over 35s, with sales rising £4.6m to £9.0m. As well as having a more […]
Lockheed Martin could incur costs due to F-35 delays
Following the release of a Department of Defense (DoD) memo reporting major delays on Lockheed Martin’s F-35 program are likely; Harry Boneham, Aerospace and Defense Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “Lockheed Martin appears to be having difficulties with its F-35 program due to the COVID-19 pandemic and financial releases from the company corroborate reports of slowed delivery rates. Supply chain bottlenecks due in part to the COVID-19 […]
Spain’s carbon era expected to come to an end as COVID-19 drives gas generation and renewables expansion
Spain has implemented strict steps during the COVID-19 pandemic, the most notable being the country shutting down eight of its coal-based generation units, as well as its decision to phase out coal-based generation by 2025. The low cost of gas is acting as a likely trigger for the country to extend gas-based electricity generation, thereby moving away from the unviable coal-based power plants, according to GlobalData, a leading data and analytics company. Spain’s electricity demand was down 8.5% in […]
Strong online capability and multi-category offer helps Very.co.uk to thrive through COVID-19
Following the release of The Very Group’s Q3 figures for FY2019/20, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: “A broad category offering has been integral to online pureplay The Very Group’s strong performance throughout the COVID-19 pandemic, with consumer preferences transforming almost overnight in the face of a changing environment. […]
Latest quarantine extension has potential to end British holiday season
Following the news that France, Malta, the Netherlands, Gibraltar, Monaco, the Faroe Islands, Aruba and the Turks & Caicos will be added to the UK’s quarantine list; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the government’s latest announcement: “The latest government announcement has the potential to effectively end the British holiday season. According to GlobalData, 31.6 million tourists from the UK made their way to Spain and France, in […]
Insurance news sentiment recovers slightly in Q3 2020
Insurance has fared particularly poorly in terms of news sentiment since the start of the COVID-19 pandemic. While leading data and analytics company GlobalData has found that the industry has seen more positive stories since May, the prior three months of extremely negative coverage will be damaging to the industry despite the recent recovery. GlobalData’s […]
USAF takes innovative approach to 3D printing with Advanced Manufacturing Olympics
Following the news that the United States Air Force (USAF) has initiated a competition on 3D printing called the “Advanced Manufacturing Olympics,” with the amount of US$1m being offered in prizes; Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This latest initiative from the USAF is a positive […]
E-commerce surge to continue as it retains consumers beyond COVID-19
The COVID-19 pandemic has provided a boost for e-commerce as it has become the default option for many customers worldwide and it is set to remain the preferred shopping method beyond the pandemic, according to GlobalData, a leading data and analytics company. E-commerce has seen a boost in 2020, particularly in countries where online shopping […]
Long-term prospects for global payments as consumers shy away from cash
The outlook for the global payments market is positive as consumers shift to electronic tools over cash, according to GlobalData, a leading data and analytics company. GlobalData expects the global economic downturn to hit overall payments revenue, but also present significant opportunities for e-commerce and mobile payments. GlobalData forecasts a decline in electronic payments growth […]
Joules’ high online penetration and casualwear focus protects it from the worst of COVID-19
Following today’s release of Joules FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: “After an unusually muted H1 and troubled Christmas trading period for lifestyle brand Joules, it was denied a chance to bounce back as the impacts of the COVID-19 outbreak significantly impacted its main […]
ACTIV initiative could help speed up COVID-19 therapeutics and vaccines by making research more efficient
With the rapid proliferation of clinical trials addressing COVID-19, the US National Institutes of Health (NIH) launched the Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) initiative, which could help speed up the delivery of therapeutics, says GlobalData, a leading data and analytics company. The ACTIV initiative is a public-private partnership effort to address the COVID-19 […]
Canadian retail savings and investments to fall in 2020 but will rebound in 2021
The Canadian retail and investments market is particularly reliant on mutual funds, which have suffered during the COVID-19 pandemic as consumers switched to deposits, according to GlobalData, a leading data and analytics company. GlobalData expects COVID-19 to cause a 6.4 percentage point swing for Canadian retail investments compared to the previous 2020 forecast. The company […]
COVID-19 causes insurtech deals to slow in 2020
All categories of insurtech deals and mergers have seen significant declines in 2020 as the coronavirus pandemic has seen investment into startups and technology plummet, according to GlobalData, a leading data and analytics company. GlobalData’s thematic deals dashboard shows that the total value of global insurtech deals has fallen by 80% so far in 2020, […]
Nascent pandemic insurance receiving significant interest in Germany
German insurers have been somewhat protected by the set-up of a government business interruption fund and are offering pandemic cover to businesses, which will boost premiums, according to GlobalData, a leading data and analytics company. The fund was launched in June 2020, which alongside policy wording often excluding pandemics means the countries’ insurers are well […]
Mining M&A and capital raising fell by over US$6.6bn in Q2 2020 as COVID-19 impacted deals
After a flat first quarter of 2020, the total value of mining deals – including mergers and acquisitions (M&A), capital raising and asset transactions – declined by US$5.3bn to US$20.6bn in Q2 2020, according to GlobalData, a leading data and analytics company. Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments: “Mining M&A values dropped by […]