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Beth

Cereno Scientific’s novel CS-1 holds potential as it enters crowded PAH marke

Cereno Scientific’s preclinical candidate CS-1 (valproic acid) was recently granted Orphan Drug Designation (ODD) by the Food and Drug Administration (FDA) for the US market for pulmonary arterial hypertension (PAH) —a rare, fatal cardiopulmonary disease with no curative treatment. Provided its successful clinical development, CS-1 has the potential to carve out a space on the market, due to its novel mechanism of action, says GlobalData, a leading data and analytics company. […]
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Reopening stores would help Wickes compete

Following today’s release of Travis Perkins Q1 figures for 2020, Georgina Sreeves, Associate Retail Analyst at GlobalData, a leading data and analytics company, comments: “Store closures as part of the UK lockdown measures imposed on 23 March have decimated sales at Travis Perkins; in the first three weeks of April, Group revenue was just one-third of the […]
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Boeing cuts expenses to face long-term effects of COVID-19

Following today’s (Wednesday 29th April) release of Boeing’s earning results for Q1 2020, Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Boeing’s strategy: “Boeing’s results showed dire figures, especially for its Commercial Airplanes business. Boeing President and CEO David Calhoun pointed to the COVID-19 pandemic […]
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COVID-19 will cause global retail spend to fall by $549.7bn in 2020

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0% in 2020, equating to $549.7bn, in comparison to a previously expected rise of 5.0% prior to COVID-19 (+$927.7bn), says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “North […]
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Ocado’s Solutions model validated by online grocery demand in COVID-19

Following the news that Ocado has launched its first fulfilment centre in North America with Canadian supermarket Sobeys, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “As COVID-19 continues to raise demand for home delivery from food retailers, the opening of one of Ocado’s automation-heavy customer fulfilment centres (CFC) in Canada could not come soon enough. Demand has […]
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Grocers not immune from decimated demand for clothing & footwear

ASDA is reducing payments to suppliers on a quarter of its clothing orders. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news:  “As the fourth biggest player in the UK clothing market in 2019 with 3.4% market share, ASDA is cutting back on the cost of stock that it knows will […]
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A third of UK shoppers spent more on groceries in March, says GlobalData

The COVID-19 pandemic dramatically impacted UK retail spend in March with 32.5% of consumers stating that they spent more on food & grocery than in February, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “The main driver of higher spend on food in March was bulk-buying with 44.8% of those that spent more than February, doing so to stock up on essential goods. With supermarkets frequently running out of items such as toilet roll, pasta and chopped tomatoes, UK consumers bought when they could, boosting food expenditure in March with […]
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COVID-19 UK lockdown shuts 382 million sq ft of retail space, impacting £14.5bn of sales

The closure of non-essential retail in the UK, now extended for another three weeks, equates to 382 million square feet of physical space out of action. This space would have generated £14.5bn of sales over that period based on 2019 sales, says GlobalData, a leading data and analytics company. Maureen Hinton, Global Retail Director at GlobalData, comments: “Measures to stop the spread of COVID-19 in the community is hitting non-food retailers the hardest, particularly clothing specialists, which account for 36% of these lost sales.” Hinton […]
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Lack of staff commitment threatens future profitability for travel companies

Industry wide, travel companies are making staff adjustments to stay operational during this coronavirus-induced existential crisis, putting staff commitment under considerable strain, says GlobalData, a leading data and analytics company.  A de-motivated workforce will jeopardize the service level provided, in turn affecting the reputation, return on investment (ROI) and the financial performance of a company. Freezing recruitment, reducing working hours, decreasing pay, furloughing workers and, […]
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Wimbledon learns from SARS outbreak to be one of the few events prepared for COVID-19, as it is set for a huge insurance payout

Following the recent news that Wimbledon, a prestige UK tennis tournament, is set to receive over £100m from its pandemic insurance; Ben Carey-Evans, Insurance Analyst at GlobalData, shares his insights on the events preparations for pandemics such as the coronavirus (COVID-19) outbreak: “Wimbledon has shown it is one step ahead of most businesses by having insurance in place for current events. It has been paying around £1.5m per year in pandemic insurance since it took notice of the SARS outbreak in 2003. It has paid out roughly £25.5m over the 17-year period, and it is set to recover around £114m, making it a very sensible investment. “Reputable sporting events, such as the Premier League and The Open (golf), have been cancelled or postponed, causing the organisers to lose a lot of their investment. This unprecedented disruption to events caused […]
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GlobalData sees blockchain use cases emerging from communication service providers

Blockchain holds promise as an enabler for service providers for a wide range of internal and external (customer-facing) use cases, ranging from Internet of Things (IoT) and mobile device security, to payments, supply chain management, asset tracking and logistics. Retail, manufacturing and healthcare companies are the most likely industries to take advantage of these capabilities, but there are many companies that can benefit from the […]
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HCV diagnosed incident cases will substantially increase following updated guidelines

According to new guidelines published by the US Preventive Services Task Force (USPSTF), hepatitis C virus (HCV) screening will now expand to include all adults ages 18 to 79 years, effectively replacing the 2013 recommendations which limited screening to only high-risk individuals and adults born between 1945 and 1965. With the expanded screening criteria, the number of truly diagnosed incident cases will substantially increase over the […]
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ASOS is better positioned than many to face impact of COVID-19

Following today’s release of ASOS H1 figures for FY2019/20, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘ASOS’ carefully planned strategy for the peak trading period of 2019 clearly worked, with the online pureplay reporting impressive figures up against a troublesome 2018. However, it will not be able to build on this […]
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Despite warm weather, Easter will be a wash out for retailers

An Easter weekend with warm weather forecast would normally be a retailer’s dream but this year the COVID-19 lockdown measures in the UK will severely hinder Easter trading, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Over three quarters of UK consumers made an Easter purchase in 2019 however we expect figures to fall significantly this year as consumers stay home and forgo family get togethers following the government’s advice. “Three of the top […]
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European light vehicle market forecast to see 80% fall in April

Following the news that the European light vehicle market declined by an unprecedented 47% in March; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The picture for Europe closely mirrors that of the UK with sales finishing 47% down in March compared with last year’s totals. “The COVID-19 […]
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Tesco right to be cautious as 86% of UK consumers still uncertain about the future despite shopping habits stabilizing

Following today’s news that Tesco is expected to see significant costs due to COVID-19, including staff and operational costs; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on the UK’s current consumer behavior: “Tesco is right to be cautious about giving a profit forecast for this financial year. Although shopping habits have certainly stabilized across the UK, uncertainty for the future still persists. According to GlobalData, 86% of Brits believe that the situation will get worse before it gets better – this is much higher than the global average […]
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