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The last week has seen cyber hacks or data breaches at Tesco, Boots, and Virgin Media hit the headlines. The breaches follow a continued pattern of organizations failing to take the necessary steps to thwart cyberattacks and to adequately protect their customers’ data. In the case of Boots and Tesco, hackers targeted customer loyalty accounts. […]
Netflix’s sentiments down amidst a resilient battle for subscriber growth
Netflix’s sentiments have been hit due to rising competition from Disney+ and Apple TV+, as well as slow revenue growth, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform, which analyzes and showcases sentiments across companies and sectors by scanning through earning transcripts and filing documents, found that Netflix’s overall sentiment score declined […]
Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012
Global light vehicle sales figures from the first month of 2020 should make for alarming reading. Just 6.2 million were sold in January, – the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a leading data and analytics company. Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID-19) in Wuhan, China. The disease has spread rapidly and has already infected more than 80,000 people and […]
Global bladder cancer market set to reach $4.0bn by 2028
The bladder cancer market is expected to significantly grow from $733m in 2018 to $4.0bn by 2028 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 18.5%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Bladder cancer: Opportunity Analysis and Forecast to 2028’, states that the main driver of growth will be the approval and launch of pipeline therapies in multiple treatment […]
Incentives are needed to kick-start car market electrification in the UK
Following today’s news that the UK’s automotive trade association – the SMMT – has called for next week’s Budget to include the removal of VAT from the sales of all new battery electric, plug-in hybrid electric and hydrogen fuel cell electric cars; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers […]
Flybe administration result of confused business model, desultory investment and competitive pressures
Coronavirus is being cited as a main cause for Flybe falling into administration, but the writing has been on the wall for the airline since its profit warning in 2017. Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view: “Flybe blamed a number of external factors for its prolonged […]
Scoop-Stack shale production anticipated to increase slightly despite a drop in rig count
Although the Scoop-Stack has experienced one of the largest decreases in rigs among the major oil and gas plays in the US, its overall production has shown moderate growth over the past two years, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Scoop-Stack Shale in the US, 2020‘, estimates that […]
Tesco’s new price campaign is an aggressive attempt to negate the lure of Aldi’s price reputation
Following the news of Tesco’s new campaign to match hundreds of prices against discounter Aldi; Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view: “This move represents a clear determination from grocery market leader Tesco to stem the number of customers defecting to its growing, price-orientated competitor Aldi. By […]
ICT spending in Bahrain to reach US$2.1bn by 2024
IT spending in Bahrain is estimated to grow at a compound annual growth rate (CAGR) of 8.6% from US$1.4bn in 2019 to US$2.1bn in 2024, driven by liberal business policy and advanced infrastructure, says GlobalData, a leading data and analytics company. Energy and BFSI will be the sectors witnessing the fastest growth during the period, […]
vTv Therapeutics has potential to be strong player in up-and-coming oral drug market for type 1 diabetics
vTv Therapeutics recently announced positive Phase 2 results for its oral antidiabetic drug, TTP-399, when used as an adjunct therapy to insulin in type 1 diabetes (T1D) patients. If the drug can show potential in allowing certain subsets of T1D patients to gain better glycemic and weight control, as well as potentially lower daily insulin […]
As coronavirus spreads, mitigation may be better strategy than quarantine
The statement from the World Health Organization (WHO) that we are in “uncharted territory” on the coronaries outbreak comes as no surprise as Covid-19 infections are spreading beyond China at an alarming pace, with several clusters of outbreaks being reported in Europe, the Middle East and Asia. Governments should start to consider focusing on mitigation […]
Rare Disease Day 2020: Orphan drugs face uphill battle in 2020
As patients, clinicians and researchers prepare for Rare Disease Day on February 29 2020, GlobalData’s analysis shows the number of drugs awarded orphan drug designations (ODDs) by both the Food and Drug Administration (FDA) and the European Medicines Agency (EMA) has declined over the last six years, despite the benefits of these designations in speeding […]
The Geneva Show organisers were slow to face coronavirus reality
Following the news today that next week’s 90th Geneva Motor Show has been cancelled; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The public health crisis caused by the COVID-19 outbreak has hit home this week with whole towns quarantined in northern Italy and the first cases confirmed […]
Europe expands offshore leadership in 2019 by adding 3.6GW of new capacity
Europe has expanded its offshore leadership by adding 3.6 gigawatt (GW) of new commissioned capacity in 2019, bringing the total offshore wind installed capacity at the end of 2019 to above 22GW, according to GlobalData, a leading data and analytics company. Spreading across 12 European countries, the UK holds the largest share with 9.9GW of […]
Northrop Grumman’s OmegA rocket moves step closer to achieving Space Force bid
Following today’s news (Friday 28 February) that Northrop Grumman’s OmegA rocket has completed the second stage of a static fire test; Madeline Wild, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers her view on the implications of this event: “OmegA successfully completing its second stage static fire test […]
Blocked expansion of Heathrow Airport is unlikely to be the last
Following the news that Heathrow’s third runaway expansion has been ruled illegal by court; Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the future situation for UK airports: “Many airlines were banking on the third runway expansion at Heathrow airport to reach more markets and […]
Agile Therapeutics’ Twirla could carve out meaningful share in US contraceptive market
Agile Therapeutics’ Twirla (ethinyl estradiol + levonorgestrel) could have an edge over competitors based on milder side-effects and a potentially safer profile, says GlobalData, a leading data and analytics company. As the largest contraceptives market, the US will experience moderate growth at a compound annual growth rate (CAGR) of 4.8%, reaching $5.2bn total sales by 2027. This market offers several options, including both on-demand and longer-acting approaches, and has […]
Deal activity in AI space showcased fluctuating trend in 2019
Venture capital (VC) funding and mergers & acquisitions (M&A) activity in the artificial intelligence (AI) space showcased a fluctuating trend across all the quarters in 2019, according to GlobalData, a leading and data analytics company. VC funding and M&A deal activity in the AI space remained inconsistent in both value and volume terms during Q1 2019 – Q4 2019. However, despite the fluctuations, both VC and M&A deal volume showcased an increase in Q4 2019 compared to Q4 2018. In contrast, VC and M&A deal value declined in Q4 2019 compared to Q4 2018. Aurojyoti Bose, Lead Analyst at GlobalData, […]
US tops cross-border M&A list by value and volume, but lags behind in terms of growth in 2019
The US occupied the top position in terms of outbound and inbound mergers and acquisitions (M&A) deal volume and value in 2019. However, it lagged behind some of the top ten countries, in terms of volume and value growth, in 2019 compared to 2018, according to GlobalData, a leading data and analytics company. M&A Outbound The US witnessed more than 1,500 outbound M&A deals worth US$209bn in 2019. The disclosed deal value increased by 46% in 2019 compared to 2018, while deal volume increased by 8%. Top target destinations (in terms of deal volume) for US outbound transactions were the UK, Canada, Australia, Germany and India. The US was followed by the UK (in volume terms), which registered more than 900 […]
As coronavirus spreads beyond Asia, global tourism sector must brace itself for significant headwinds
Following the news of serious coronavirus outbreaks outside of Asia, the tourism industry must ready itself for a rocky ride. Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “If there was previously a temptation to view the coronavirus as a […]