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Following today’s release of Burberry FY figures for 2019/20, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Burberry’s full year performance was significantly impacted by the pandemic originating in its biggest market, APAC, however it is starting to see green shoots of recovery in this region and can leverage […]
Medtronic’s gains in respiratory business not enough to prevent losses in revenues due to COVID-19
Following Medtronic Q4 financial results; Azadeh Laffafian, PhD, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Many segments of the medical devices market have been negatively impacted by the COVID-19 pandemic. The main culprit has been the deferral of elective and non-urgent procedures leading to a reduction in the […]
Italy’s COVID-19 concerns are lessening as the nation prepares to restart tourism flows
General sentiment regarding the impact of COVID-19 in Italy is gradually becoming more positive. In two surveys by GlobalData, one conducted 28 April and the other 3 May, the number of Italians stating that they are ‘extremely concerned’ about the virus dropped by 14%. However, this positive outlook may change as Italy plans to open […]
Over 30% of UK consumers plan to spend more locally post-COVID-19
Local retailers are set for a much needed post-lockdown boost as almost one in three British consumers say they will visit local shops more frequently than they did before the crisis*, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Retail Analyst at GlobalData, comments: “The COVID-19 pandemic has reignited the importance of […]
Sunovian’s novel sublingual formulation will address major unmet need in highly competitive Parkinson’s treatment market
Following the recent news that Sunovion Pharmaceuticals has received Food and Drug Administration (FDA) approval for Kynmobi (apomorphine), a novel sublingual film for the acute treatment of OFF episodes in patients with Parkinson’s disease (PD); Sarah Elsayed, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on the opportunities and challenges […]
Carluccio’s still needs to withstand COVID-19 crisis as restaurant industry is set to experience sharp downturn
Following today’s news (Friday 22 May) that British billionaire Ranjit Singh Boparan bought the Carluccio’s brand of restaurants, along with 31 other outlets; Hakan Demirci, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on the chains current challenges: “News that Carluccio’s has been saved by the billionaire Boparan may be […]
Portugal needs access for Brits soon in order accelerate economic recovery
Portugal is planning to offer an ‘air bridge’ for British tourists to bypass quarantine rules. This concept will be positively received by destinations in Portugal that are highly reliant on UK tourism such as the Algarve. In 2019, the UK was Portugal’s second largest source market after Spain, with 2.9 million UK visits. Ralph Hollister, […]
COVID-19 impacts global VC funding with high-value deals remaining mostly non-existent
Global venture capital (VC) investment activity showcased a declining trend (for deals with disclosed funding value) during the COVID-19 hit first quarter (Q1) of 2020 with high-value deals remaining mostly non-existent and low-value deals equal to or less than US$10m continuing to account for the majority of the VC investment volume during the quarter, according […]
COVID-19 adds to M&A rationale in autos
Following the news that Exor NV – Fiat-Chrysler’s (FCA’s) largest investor – has confirmed the timing for the proposed FCA-PSA merger for completion by early 2021 as initially announced; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 crisis will be adding pressures for corporate restructuring in […]
Label update to encourage prescription of anti-diabetic drugs outside the SGLT-2 inhibitor class
Following the FDA’s safety review on sodium glucose-transporter-2 (SGLT-2) inhibitors, a label update was issued stating that patients undergoing any scheduled surgery should discontinue treatment up to 3-4 days in advance of surgery. This label update is expected to influence physician decisions, encouraging the prescription of anti-diabetic drugs outside the SGLT-2 inhibitor class, according to GlobalData, a […]
Top 25 retailers by market capitalization in Q1 2020 see QOQ decline with exception of Amazon and JD Sports, says GlobalData
Most of the top 25 publicly traded global retailers by market capitalization (MCap) reported quarter-on-quarter (QoQ) declines for the first quarter (Q1) ending 31 March 2020, with Amazon and JD.com being exceptions, according to GlobalData, a leading data and analytics company. Keshav Kumar Jha, Company Profiles Analyst at GlobalData, comments: “Amazon’s share price recovered by […]
Future for independent hoteliers remains uncertain
Due to the impact of COVID-19, major hotel chains such as Wyndham, Marriott, Choice, Hilton, IHG and Accor are set to expand at an even quicker rate when travel resumes, creating even more uncertainty for independent hoteliers, says GlobalData, a leading data and analytics company. These companies accounted for more than half of global branded […]
UK to successfully increase COVID-19 testing capacity with multi-pronged approach
The UK is currently building the biggest network of diagnostic labs in British history, and has already shown success in increasing COVID-19 testing capacity with the addition of three Lighthouse Labs capable of processing a high volume of COVID-19 tests. Randox Labs has been a pivotal player in processing a high volume of tests, and […]
Seychelles closing to cruise ships will have a major impact on the economy
Following the news that the Seychelles will be closing to cruise ships until 2022 in an effort to prevent the spread of COVID-19 across its islands; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “The decision to ban cruise ships from visiting the Seychelles via […]
3 in 5 UK consumers using additional time at home during COVID-19 to decorate and refurnish
59.8% of UK consumers have or plan to use extra time during lockdown to refresh their homes, with DIY and redecorating proving more popular than buying new homewares or furniture, says GlobalData, a leading data and analytics company. Thomas Brereton, Retail Analyst at GlobalData comments: “Despite physical retail being largely on hold, a lot of […]
Lockheed Martin adopts schedule and shift changes amongst COVID-19 mitigation measures
Following the news that Lockheed Martin is slowing F-35 production as COVID-19 disrupts its supply chain; Anthony Endresen, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “Lockheed Martin is adopting several measures to mitigate the delays imposed by COVID-19. These include adjusting work schedules and […]
Expedia Q1 results further demonstrate vacation rentals may lead the path to recovery
Following the announcement of Expedia Group’s results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Vrbo, Expedia Group’s vacation rental business, has noted an uptick in bookings for May 2020 and this is not surprising. Vacation rentals offer travelers a wider array of options across more […]
Patients treated for hospital delirium will increase due to COVID-19
An estimated 70–80% of ventilated patients will experience ICU delirium, which causes patients to enter a confused state and can lead to long-term cognitive impairments and memory deficits. GlobalData, therefore, expects to see an increase in the administration of pharmacological treatments for ICU delirium as the COVID-19 outbreak continues. Johanna Swanson, Product Manager at GlobalData comments: […]
Ibudilast clinical trial launched for ARDS in COVID-19
Yale University launched a clinical trial of ibudilast (MN-166) to assess it as a treatment for COVID-19 patients with acute respiratory distress syndrome (ARDS), a cause of death in COVID-19 patients. The drug has anti-inflammatory and neuroprotective effects and suppresses the production of pro-inflammatory cytokines. It has approval in Japan for the treatment of asthma, […]
Vodafone expects SME hit but looks to automation, 5G, and IoT to respond to COVID-19 crisis
Following the announcement of Vodafone’s FY2019/20 financial results and COVID-19 guidance; Gary Barton, Principal Analyst atGlobalData, a leading data and analytics company, offers his view: “Vodafone’s increase in momentum is, in most European markets, a slowing in decline of service revenues rather than increased organic revenue growth. The upside is that the provider can point […]