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Following recent news that the UK will not be taking part in an EU-led data-sharing project to reboot tourism; Ralph Hollister, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Delayed reaction to slow the spread and buffer the economic impact of COVID-19, combined with current […]
16-24s are the most eager to return to shops
Just over half of UK consumers are willing to visit non-essential stores once lockdown restrictions are lifted, with 16-24 year olds the most enthusiastic with 66.8% feeling comfortable returning to shops*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Retail Analyst at GlobalData, comments: “With the fatal risk of COVID-19 much lower […]
5G Massive MIMO market growing quickly in 2020, dominated by high-performance need
The number of 5G Massive MIMO (Multiple-Input, Multiple-Output) radio products on the market is growing rapidly in 2020 and is dominated by high-performance products, says GlobalData, a leading data and analytics company. Massive MIMO, which uses radios with large arrays of antennas to increase the performance of mobile access networks, is an important technology for […]
Clothes top of the list for those ready to return to shops
While the majority of UK consumers plan to prioritise spending time with friends and family when lockdown restrictions are lifted, 16.0% aim to spend time shopping for non-food items, with over two-thirds looking forward to purchasing clothing items*, as they start to anticipate more social activities and buy into new season trends, says GlobalData, a […]
The Restaurant Group’s closure of 125 outlets will create future opportunities in the long-term
Following today’s news (June 10th) that The Restaurant Group will shut 125 outlets, largely consisting of Frankie & Benny’s stores; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “COVID-19 is reshaping the UK foodservice industry as we know it. While this represents significant losses for operators such as […]
Another underwhelming month for Boeing worsens the B737 MAX case
Following the release of Boeing’s order and delivery figures for the month of May; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Bad news keeps coming Boeing’s way. Despite its poor order and delivery figures in May – with, without surprise, the worst […]
Belgian’s retail savings and investments to contract as economy comes to a standstill
Low consumer confidence in Belgium will see retail deposits account for a higher proportion of total savings and investments, as recession looms, says GlobalData, a leading data and analytics company. GlobalData expects the overall market value to remain flat with 0.8% growth forecast in 2020, compared to the 1.9% pre-COVID-19 growth forecast, which is a […]
Almost one third of UK shoppers are not ready to return to DIY stores
Now that DIY specialists have reopened their doors, they must focus on building consumer trust as 31.6% of UK shoppers say they would not consider visiting a DIY store that has reopened*, says GlobalData, a leading data and analytics company. Amy Higginbotham, Retail Analyst at GlobalData, comments: “The most cited reason among respondents is that […]
AXA’s diversified book and regional spread will lead to mixed results post-COVID
AXA having operations across most business lines will lead the company to mixed results following COVD-19. The firm has lower levels of exposure in travel and business interruption, which will help the insurer, but its high levels of life insurance leave it exposed to increased claims, according to GlobalData GlobalData insurance analyst, Deblina Mitra, commented: […]
COVID-19 hits Spain’s struggling banking sector as forecast shows mortgage outstanding balances to decline by 4.7% in 2020
Consumer loans, credit card loans and mortgage lending are expected to plummet in 2020 as consumers shy away from taking on debt, according to GlobalData, a leading data and analytics company. However, retail deposits are expected to rise for the same reason, and it has been forecasted that total retail deposit balances are to increase […]
Oyster Point Pharma’s OC-01 Phase III results could trigger wave of hope for patients with dry eye syndrome
Oyster Point announced that top-line results from its Phase III Onset-2 trial evaluating OC-01 for dry eye disease (DES) in early May. The results demonstrated a statistically significant improvement in patients gaining ≥10mm in Schirmer’s score at Week 4 versus control. The positive results from this late-stage clinical trial could trigger a wave of hope […]
Agile Sosandar sails through COVID-19 lockdown
Following today’s release of Sosandar figures for the two months ending 31 May 2020, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Online pureplay Sosandar has proven that its brand identity and product proposition resonate with shoppers as it has managed to generate revenue growth of 62% for the two […]
Marriott has a more realistic view on demand recovery in Europe
Following a recent webinar event hosted by New York University, which saw the senior executives of Accor, Sebastien Bazin and Marriott, Arne Sorenson stating opposing outlooks regarding how demand recovery in Europe will play out; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: […]
France is boosting European-wide network with aerospace aid package
Following today’s (Tuesday 9 June) news that the French Government promised a €15bn rescue package to the aerospace industry; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the decision: “By European standards, France is hyperactive in its aid policy to sustain the aerospace industry. Aerospace […]
Electric cars shaping up as growth pole as recovery builds
Following the news that Hyundai Motor Group announced an almost 58% rise in global sales of electric vehicles in the first five months of 2020, to 40,182 units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai’s success reflects strong demand in Europe for recently launched electric vehicles […]
Italian insurers look towards digitalization as lockdown continues
GlobalData’s revised post-COVID-19 forecasts show that the COVID-19 pandemic has caused significant damage to insurers in Italy. The total value of general insurance premiums in Italy is now expected to decline by 4.4% in 2020, from growth of 2.2% previously. Similarly, the compound annual growth rate (CAGR) up to 2023 is now forecasted to be […]
Likes and followers set to be more valuable as retailers rely on social media post-COVID-19
43.7% of consumers globally* stated that they are spending more time on social media due to the coronavirus outbreak. Brands need to capitalise on this increased social media activity to promote purchasing and build shopper loyalty in a time of significantly dampened demand for non-essential goods, says GlobalData, a leading data and analytics company. Emily […]
Private healthcare insurers need to offer customers something, as facilities are given to the NHS
With virtually all of the private healthcare sector’s capacity being reallocated to the NHS, private medical insurance (PMI) policyholders have been unable to access private services. As a result, WPA is offering its customers a rebate of approximately 40% of their April premium. While WPA is not the most popular PMI provider in the UK […]
Over 72% of COVID-19 treatments are at pre-clinical or discovery stages
A large number of COVID-19 treatment options (620 novel and repurposed drugs as of mid-May) have joined the drug development pipeline, with over 72% of these drugs in preclinical or discovery stages of development. These drugs are in the initial stages of feasibility and drug safety investigation to show that they have an effect on […]
Liquidia’s pocket-sized PAH treatment LIQ-861 likely to be favored by patients
If the development of Liquidia Technologies’ LIQ-861 dry powder inhaled formulation of treprostinil, indicated for the treatment of pulmonary arterial hypertension (PAH) is successful, the drug will likely be favored by patients and physicians as it will likely increase patient compliance, says GlobalData, a leading data and analytics company. Kajal Jaddoo, MSc, Associate Healthcare Analyst […]