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A number of Exploration and Production companies (E&Ps) have entered the offshore UK sector and created portfolios with above average remaining Net Present Value (NPV)/barrel of oil equivalent (boe) through project redevelopments and asset acquisitions, says GlobalData, a leading data and analytics company. The company’s latest research reveals that recent entrant companies including Tailwind Energy, […]
Waitrose’s unique ‘package-free’ trial will resonate with a localist consumer base
Following the news that Waitrose & Partners is trialling a dedicated refillable zone and a frozen ‘pick and mix’ proposition at a store in Oxford, Thomas Brereton, Retail Analyst for GlobalData, a leading data and analytics company, offers his view: “Although only a trial, this announcement shows a determined step from Waitrose to meet its […]
Confidence levels among construction industry executives continued to slide in Q2 2019
GlobalData’s Construction Confidence Index (CCI), a barometer of confidence in the global construction industry with regards to growth prospects over the short-term horizon, fell to 63.9 points in Q2 2019, down from 64.8 in Q1 2019. This marks the ninth consecutive decline in the CCI score, with the Q2 2019 figure being the lowest CCI […]
Topshop/Topman must tread carefully to make ASOS tie-up a success
As part of Arcadia’s strategy to save its failing brands, Topshop and Topman are set to launch ranges on rival ASOS’ website in the next few months but it must tread a fine line between driving additional revenue from the online pureplay’s wide global shopper base and rendering its own websites redundant. Sofie Willmott, Senior […]
Following NICE recommendation, Prevymis set to exceed $5.6m peak year sales in UK
Following the recent news that NICE has recommended Merck’s Prevymis for preventing cytomegalovirus (CMV) reactivation in recipients of hematopoietic stem cell transplantation (HSCT), Paul Jeng, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his perspective: “NICE’s revised recommendation is a major commercial win for Merck that will allow Prevymis to be funded […]
Up to six new HBV drugs set to launch by 2027, with China driving market growth
Within the next ten years, up to six new drugs are projected to be approved for the treatment of chronic hepatitis B virus (HBV) infections in the eight major markets (8MM*), according to GlobalData, a leading data and analytics company. The HBV pipeline is heavily weighted towards small molecules and vaccines, which make up almost […]
Amorepacific collaborates with Lazada to accelerate its digital presence in Southeast Asian beauty market
Following the news that Amorepacific, South Korea’s leading beauty brand, has signed a Memorandum of Understanding (MOU) with Southeast Asia’s leading e-commerce platform, Lazada Group, to expand its brand outreach across Southeast Asia, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “With this collaboration, Amorepacific aims to […]
With approval of Merck’s V920 still months away, J&J’s Ebola vaccine finds elevated role in DRC outbreak
Following the recent news that Congolese Health Minister Oly Ilunga Kalenga is pushing for licensure and exclusive use of Merck’s Ebola vaccine in the current DRC outbreak, Paul Jeng, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his perspective: “Successful delivery of vaccines to an outbreak depends on local capacity, transmission […]
Comprehensive cover accounted for 42% of UK consumers income protection purchases in 2018
Comprehensive cover was the leading consumer choice in the UK in 2018, accounting for 42% of income protection purchases, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘How Customers Purchase Income Protection 2018’ reveals that job security concerns pushed consumers to favor comprehensive cover over just unemployment or accident and […]
Amazon all set to offer class-apart travel experiences for Indian app-users by collaborating with Cleartrip
Following the news that Amazon has formed a partnership with travel portal Cleartrip to launch a domestic flight booking feature through Amazon Pay in India, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “Amazon’s collaboration with Cleartrip to facilitate flight booking services is in line with Amazon’s growing […]
Ryanair results are far from disastrous, but company is right to urge caution
Ryanair today announced its results for the financial year ended March 2019. Nick Wyatt, Head of Research and Analysis for Travel & Tourism at GlobalData, a leading data and analytics company, offers his view: “Ryanair’s results shouldn’t come as a huge surprise as the company has issued two profit warnings in the last year. But […]
Canada’s construction industry set to reach US$304.6bn in 2023, driven by investments in infrastructure
Canada’s construction industry output value was estimated to be US$291.2bn in 2018. This is expected to grow to US$304.6bn in 2023 (measured at constant 2017 US dollar exchange rates), at a compound annual growth rate (CAGR) of 0.90%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Canada – Key Trends […]
Waitrose will need to rely on brand reputation to succeed in commanding 5% of online food market by 2022
Following the news that Waitrose & Partners intend to treble the size of its online operations to a £1bn business over the next three years, Thomas Brereton, Retail Analyst for GlobalData, a leading data and analytics company, offers his view: “Waitrose’s new partnership with TDP will provide it with the capacity needed to compete in […]
EU Funds and Infrastructure push to drive construction in Bulgaria, with total output set to reach US$10.7bn in 2023
Bulgaria’s construction industry growth decelerated to 3.7% in 2018, after growing at 4.4% in 2017. The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.40% between 2018 and 2023, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Bulgaria – Key […]
UK mobile retail spend will double in the next five years to reach £33.2bn
As UK consumers increasingly turn to their smartphones for convenience, mobile will continue to be the fastest growing area within the UK retail market with spend increasing by £17.1bn over the next five years to reach £33.2bn by 2024, according to GlobalData, a leading data and analytics company. The company’s latest report ‘UK Online Mobile & Tablet […]
Funds from the sale of Thomas Cook airlines have potential to provide capital for new destinations
Following the release of Thomas Cook Group Half Year Results 2019, Johanna-Bonhill Smith, Associate Analyst for Travel & Tourism at GlobalData, a leading data and analytics company, offers her view: “A whopping loss of £1.4bn for Thomas Cook six months prior to March highlights changing attitudes of consumers. Within the same respective time frame last […]
Innogy continues to struggle with its retail business as first quarter profit drops a third, says GlobalData
Following the release of Innogy SE’s Q1 2019 results, Mohit Prasad, Project Manager for Power at GlobalData, a leading data and analytics company, offers his view: “Innogy SE (Innogy) reported a one third fall in its profit at the end of Q1 2019 owing to its struggling retail business. The company reported a net income […]
Added funding provides boost for Vedanta’s experimental microbiome drug
Following the news that microbiome therapeutics developer Vedanta has completed an extended $45.5m series C round, Paul Jeng, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “The additional funding that Vedanta secured for its series C round will support the company through Phase II clinical development of its microbiome-targeted […]
Royal Dutch Shell forecast to spend US$1.5bn in UK decommissioning through to 2025
Royal Dutch Shell are estimated to have over US$3bn in total abandonment and decommissioning expenditure (ABEX) in producing UK oil and gas developments, stacking above fellow UK operators, says GlobalData, a leading data and analytics company. The company’s latest research reveals the top five companies with the greatest ABEX exposure from producing fields in the […]
Siemens to spin-off power and gas division as investment in thermal power set to decline to $95.6bn in 2025
Following the recent announcement by Siemens to spin-off its Power and Gas business, Harminder Singh, Director of Power at GlobalData, a leading data and analytics company, offers his view on the implications of this for the industry: “Siemens’ latest decision and a similar reorganization announced by GE last year are indicators to the continuing nature […]