Jonthan Brown

Automotive

European Governments must move fast to support auto sector

France recently announced plans to inject more than €8bn into its automotive sector; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on the European automotive industry and how other countries should act: “According to GlobalData analysis, West Europe is forecast to bear the brunt of a global industry […]

Oil & Gas

Refiners worldwide hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions

Stringent travel restrictions worldwide have wiped out the market for fuel transportation and long storage durations have led to the deterioration of products such as gasoline and jet fuel, as well as increased inventory costs for refiners. As a result, refiners across the world have been hit hard and forced to cut production rate despite […]

Consumer

Nestlé’s Incredible Burger set to rebrand after legal battle with Impossible Foods

Following today’s news (June 1st) that Nestle will be appealing the decision of a Dutch court that prohibited the Swiss-multinational from selling its plant-based burgers under the ‘Incredible Burger’ brand name; Arian Bassari, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Nestlé’s continued expansion into the world of plant-based foods […]

Technology

US operators endeavor to generate interest in 5G post-COVID-19

US carriers are hoping the second half of 2020 will give them an opportunity to sell 5G services as the technology and coverage improves, says GlobalData, a leading data and analytics company. Lynnette Luna, Principal Analyst at GlobalData, comments: “5G technology is the revenue opportunity of the next decade, and carriers are in a race to increase […]

Automotive

UK car production plunge highlights recovery challenge ahead

Following the news that UK car manufacturing plunged by 99.7% in April as the COVID-19 crisis halted production at UK factories; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With UK car plants closed, the April output numbers are no surprise, though they are a stark reminder of […]

Retail

B&M benefits from demand for DIY & gardening as COVID-19 forces shoppers to stay home

Following today’s release of B&M Q4 figures for 2019/20, and the 8 weeks ending 23 May 2020 Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Discount retailer B&M has reported a strong end to its financial year, fuelled by high demand for food in March, as the COVID-19 crisis had a major […]

Technology

AI-enabled tools’ ability to test COVID-19 should be used with precaution

COVID-19 has led to inundated doctors using inadequately tested artificial intelligence (AI) tools. While AI-enabled tools can detect the virus quicker than traditional tests, inadequately-tested tools could cause undue harm to patients, says GlobalData a leading data and analytics company. AI technologies are increasingly being used to predict and diagnose COVID-19 and hospitals are keen to […]

Pharma

Gilead’s remdesivir has potential to be stockpiled by US federal government’s National Strategic Stockpile for COVID-19

As Gilead Sciences’ remdesivir continues to steal the COVID-19 spotlight, the antiviral is likely to be considered for inclusion in the top-secret US Strategic National Stockpile (SNS) to ensure supply, according to reporting by Reynald Castañeda and Manasi Vaidya, Pharma Writers for the Investigative News team at GlobalData, a leading data and analytics company. Castañeda comments: […]

Travel & Tourism

easyJet’s cost-cutting may be misguided as international arrivals expected to return to 2019 levels by 2021

Following easyJet’s announcement that it plans to reduce its fleet, staff and operational costs amid the COVID-19 crisis; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “With travel in Europe almost at a standstill, trimming costs is a necessity in the short term. However, easyJet’s latest […]

Technology

COVID-19 could change the ways tech companies work forever

Following the news that Facebook expects 50% of its workforce will work remotely within the next five to ten years; David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view: “COVID-19 has forced many tech companies to turn their working strategy upside down and embrace […]

Automotive

Nissan right to focus on core strengths and cost control

Following today’s news that Nissan will close its Barcelona plant and plans to reduce its global production capacity and number of model offerings by 20% by 2023; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Loss-making Nissan had no real alternative but to cut costs wherever it could. […]

Business Fundamentals

Travel and tourism sector witnessed 38.5% decline in deal activity during week ended May 24

The number of deals announced in the global travel and tourism sector declined by 38.5% during the week ended May 24, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to travel restrictions and lockdowns […]

Retail

Weak Monsoon blown down by event cancellations

Monsoon Accessorize is reportedly on the brink of administration. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Monsoon Accessorize was one of the many retailers looking unsteady on its feet prior to the COVID-19 pandemic, with its CVA launched in July 2019 not enough […]

Business Fundamentals

Retail sector witnessed 20.5% decline in deal activity during week ended May 24

The number of deals announced in the global retail sector decreased by 20.5% during the week ended May 24, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the retail sector has remained inconsistent since the COVID-19 outbreak and the decline during this […]

Business Fundamentals

Global deal activity showcased decline during week ended May 24

A total of 1,030 deals were announced globally during the week ended May 24, 2020, which is a decrease of 12.9% over 1,183 deals announced during the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Global deal activity has remained inconsistent due to volatile market conditions since the COVID-19 […]

Technology

Carriers increasingly eschew the home visit, a trend that will remain post-COVID-19

There was already a growing trend toward carriers encouraging self-installation of modems and new cable set-top boxes Pre-COVID-19, but this is now becoming a requirement, says GlobalData, a leading data and analytics company. Tammy Parker, Senior Analyst at GlobalData, comments: “Service providers should aim to make all in-home installations and repairs self-service as much as […]

Power

Clean energy-focused companies posted stronger financial results amid COVID-19 pandemic

Iberdrola and Ørsted posted strong financial results for Q1 2020 despite the COVID-19 pandemic and have maintained that their 2020 outlook remains unchanged. Renewables offer sustainable growth and is better positioned to tackle the economic impacts of the COVID-19 pandemic, says GlobalData, a leading data and analytics company. Somik Das, Power Analyst at GlobalData, comments: […]

Aerospace, Defense & Security

Boeing lays off staff at Puget Sound to face decreasing demand for jetliners

Following the news that Boeing was set to start delivering layoff notices at Puget Sound production sites by the end of the week; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “Boeing’s decision to lay off part of its workforce is necessary so […]

Retail

Shops will not spring back to life on 15 June

John Lewis & Partners has announced it will phase the reopening of its department stores, only opening two stores on 15 June. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “John Lewis & Partners’ plan announced today to open just two of its 50-strong […]

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European Governments must move fast to support auto sector

Refiners worldwide hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions

Nestlé’s Incredible Burger set to rebrand after legal battle with Impossible Foods

US operators endeavor to generate interest in 5G post-COVID-19

UK car production plunge highlights recovery challenge ahead

B&M benefits from demand for DIY & gardening as COVID-19 forces shoppers to stay home

AI-enabled tools’ ability to test COVID-19 should be used with precaution

Gilead’s remdesivir has potential to be stockpiled by US federal government’s National Strategic Stockpile for COVID-19

easyJet’s cost-cutting may be misguided as international arrivals expected to return to 2019 levels by 2021

COVID-19 could change the ways tech companies work forever

Nissan right to focus on core strengths and cost control

Travel and tourism sector witnessed 38.5% decline in deal activity during week ended May 24

Weak Monsoon blown down by event cancellations

Retail sector witnessed 20.5% decline in deal activity during week ended May 24

Global deal activity showcased decline during week ended May 24

Carriers increasingly eschew the home visit, a trend that will remain post-COVID-19

Clean energy-focused companies posted stronger financial results amid COVID-19 pandemic

Boeing lays off staff at Puget Sound to face decreasing demand for jetliners

Shops will not spring back to life on 15 June

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