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Following today’s (7 March 2019) release of Aviva’s preliminary results for 12 months ended 31 December 2018, Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Aviva’s 2018 preliminary financial report released today indicates that its UK business performed strongly over the year. A key highlight is that its operating profit in the UK increased […]
Policy risks for Lebanon’s second offshore round despite stable fiscal terms
Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData, a leading data and analytics company. The company’s ‘Lebanon Upstream Fiscal and Regulatory Report’ states that Lebanon is expected to offer a stable fiscal framework for the second round, which comes amid continued interest in the Eastern Mediterranean from new discoveries […]
More action needed from Paperchase to change its fortunes, says GlobalData
Commenting on the news that Paperchase is using a CVA to negotiate rent reductions and restructure its store portfolio, potentially shuttering 28 stores, Zoe Mills, UK Retail Analyst at GlobalData, offers her view: “Paperchase has been plagued by the growing presence of value retailers and general merchandisers in the market with the likes of B&M, […]
Apparent cure of a second HIV patient provides renewed hope for patients and researchers
Following the news that a UK patient has shown undetectable levels of HIV virus 18 months after after receiving transplanted stem cells from an HIV-resistant donor, representing the second case worldwide, following the Berlin patient’s apparent cure announced 10 years ago, Christopher Pace, PhD, Director of Infectious Diseases at GlobalData, offers his view: “The news […]
Gap is not the only preppy logo brand with a short shelf life
In response to the announcement that Gap Inc. is splitting its brand portfolio and closing more Gap stores, Maureen Hinton, Global Retail Research Director for GlobalData, a leading data and analytics company, offers her view: “While Gap started the fashion trend for the US preppy style casual brands, others, such as Abercrombie & Fitch, which […]
Revival of Angola’s upstream sector will take time
The Angolan government has introduced a series of reforms to the upstream sector over the past year in an attempt to mitigate the rapid decline of existing fields. However, the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, says GlobalData, a leading data and analytics company. Since the crash […]
Exxon’s Cyprus gas discovery faces uphill battle in stranded sector
Following the recent news that ExxonMobil Corp has discovered a significant gas field offshore Cyprus via the Glaucus-1 exploration well, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his insight on the potential of the discovery and the remaining challenges in the Cypriot upstream sector: “Glaucus marks […]
Global zinc production to reach 15.7Mt in 2022 to meet rising demand
Global zinc production is expected to grow at a compound annual growth rate (CAGR) of 3.8% between 2019 and 2022, to reach 15.7Mt in 2022, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘Global Zinc Mining to 2022’ states that growth will be supported by production expansions and new mines […]
Microgrid investment in blockchain to be the future of energy systems
Blockchain microgrids have become a pivotal theme in the rapidly developing energy sector and Amit Sharma, Power Analyst at GlobalData, a leading data and analytics company, offers his view on this development and what we can expect from blockchain microgrids in the future: “The global microgrid market size is estimated to grow at a compound annual […]
Construction in Peru set to reach US$36.6bn in 2023 as it gathers growth momentum
The Peruvian construction industry’s output value was estimated to be US$28.7bn in 2018. This is expected to grow to US$36.6bn in 2023 (measured at constant 2017 US dollar exchange rates), close to an annual rate of 5%, according to GlobalData, a leading data and analytics company. Following two years of contraction, the Peruvian construction industry […]
Roche’s acquisition of Spark Therapeutics is a long-term investment in the hemophilia A gene therapy market
Following the news (25 February 2019) that Roche has entered into a definitive merger agreement to fully acquire Spark Therapeutics for $4.3bn, Tajekesa Chapman, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on the acquisition: “The hemophilia market is currently undergoing major changes in its treatment landscape due to advances […]
Themis retains momentum for first Chikungunya vaccine approval with MV-CHIK
Following the news (25 February 2019) that the FDA has granted a Fast Track designation to Themis Bioscience’s lead Phase II experimental vaccine (MV-CHIK) for prevention of Chikungunya, Paul Jeng, PhD, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view on the unmet needs and vaccine development for Chikungunya: “There are no […]
Romania’s frequent legislative changes provide unstable climate for gas investments
Successive changes to Romania’s regulatory framework governing the oil and gas sector have made for an uncertain investment climate, according to GlobalData, a leading data and analytics company. The company’s latest ‘Romania Upstream Fiscal and Regulatory Report’ provides details of the terms governing oil and gas exploration and production in Romania, including a raft of […]
Neurofilament light is most promising molecule for use in routine management of patients with MS
Following the news (20th February 2019) that, according to a study published in the journal Neurology, blood neurofilament light chain can be a biomarker of multiple sclerosis (MS) disease activity and treatment response, Alessio Brunello, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Finding a biomarker in MS that translates […]
Network operators must leverage edge computing to ensure 5G’s success
Immersive virtual reality (VR), self-driving cars and remote controlled robots are just some of the things telecommunications service providers expect future 5G mobile networks to make possible. However, most large service providers are in agreement that higher bandwidth 5G networks will, by themselves, be insufficient to support these emerging applications. Recent initiatives by large service […]
Asia and the FSU to lead global ammonia capacity contributions by 2023
Global ammonia capacity is poised to see considerable growth over the next five years, potentially increasing from 233.85 million tonnes per annum (mtpa) in 2018 to 280.36 mtpa in 2023, registering a total growth of 20%, says GlobalData, a leading data and analytics company. The company’s report: ‘Global Ammonia Industry Outlook to 2023 – Capacity […]
No respite for retail as UK consumer sentiment slumps to a seven year low
January proved to be another tough month for retailers in the UK as the total retail spend index declined by 13.3 points versus December 2018, as clearance sales were not enough to entice consumers to spend significantly, especially given that many retailers had already started discounting before Christmas, according to GlobalData, a leading data and […]
Merck’s Keytruda set to become new standard of care for renal cancer patient population after gaining edge over competitors
Merck & Co Inc’s abstract presentation regarding KEYNOTE-426 trial at ASCO GU 2019 (16 February 2019) has confirmed that Keytruda, an anti-PD-1 therapy, in combination with Pfizer’s Inlyta, a tyrosine kinase inhibitor, can significantly improve clinical outcomes for renal cancer patients. Amrita Gujral, Pharma Analyst at GlobalData, a leading data and analytics company, offers her […]
Russia and Colombia lead global oil and gas discoveries during Q4 2018
Russia and Colombia had the highest number of oil and gas discoveries amongst a number of key countries with three each in Q4 2018, according to leading data and analytics company GlobalData. Russia had two natural gas discoveries in the West Siberian basin and an oil discovery in the Okhotsk basin, while Colombia had three […]
Airbus well-placed to exploit the trend for end-to-end flights despite failure of A380
Following the news (14 February 2019) that Airbus is ceasing production of its A380 aircraft, Nick Wyatt, Head of Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on this development: “In an industry characterized by razor thin margins, the A380’s four-engine configuration, high fuel consumption and enormous weight made […]