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Following today’s statement by Rolls-Royce’s Chief Executive Warren East on the cut of 9,000 roles; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The job cuts by Rolls-Royce is not a surprise as the company said last month that it was working on […]
Big five European telco Q1 results demonstrate early crisis stage resilience in B2C market
Q1 results for Vodafone, Telefonica, Deutsche Telekom, Orange and BT indicate an encouraging degree of business resilience in the European telecommunications industry at large, with few surprises in the B2C market, says GlobalData, a leading data and analytics company. While all five telcos flagged losses in roaming revenues due to lockdown measures implemented in the final […]
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 […]
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, […]
Travel & tourism sector witnessed 3.7% decline in deal activity during week ended May 17 2020
The number of deals announced in the global travel and tourism sector declined by 3.7% during the week ended May 17, 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 COVID-19, and deal activity […]
Companies will abandon IT projects to cut costs
Companies will axe IT projects throughout the remainder of 2020 and into 2021 as the recession bites, says GlobalData, a leading data and analytics company. The company’s latest report, ‘COVID-19 Impact on IT infrastructure Equipment’, reveals that there will be a long-term need for IT infrastructure such as data centers, cloud IT and networking to […]
Topps must find a balance between price and design
Following today’s release of Topps Tiles H1 figures for 2019/20, Matthew Walton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Rob Parker’s baptism of fire as Topps Tiles’ new chief executive continues with retail trading down by around 80% in April, despite online sales being nearly three times up on pre-crisis levels. Topps’ […]
ASDA lags behind other Walmart countries and its competitors
Following today’s release of ASDA Q1 figures for FY2020/21, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, comments: ‘‘Like-for-like grocery growth of 3.5% would normally be enough to impress us, but ASDA’s performance pales somewhat when compared to others, indicating that it has struggled to adapt to the COVID-19 crisis as well its rivals. […]
Time is running out for French Connection
French Connection will run out of cash in coming months if current trading levels continue and it cannot secure additional funding. Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “French Connection was struggling before the COVID-19 pandemic hit, but with the outbreak significantly impacting demand for apparel and […]
Edwards Lifesciences Pascal device will be impacted by COVID-19 pandemic
Following the announcement by Edwards Lifesciences that its Pascal transcatheter valve repair system for treating tricuspid regurgitation (TR) received the European CE mark; Ashley Young, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “This regulatory milestone comes at a poor time for the industry as COVID-19 […]
New 10% import tariff applying to cars raises big questions for UK’s auto industry
Following the news that the UK Government is preparing a new 10% tariff for car imports, including those from the EU, in 2021; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With the UK automotive sector facing a long recovery from the COVID-19 crisis that has decimated sales […]
Targeting US male audience may be wise decision for struggling tourism boards
Men generally have much more trust in foreign products than women, according to GlobalData’s Coronavirus (COVID-19) Consumer Survey – particularly so in Europe (+19%), China (+18%), Asia (+21%), Africa (+19%) and Central & South America (+22%). This suggests that men may be more open to marketing and advertising campaigns from a broader range of countries. […]
COVID-19 offers Reliance an opportunity to become India’s national champion
Following the news that General Atlantic has paid US$870m for a 1% stake in Reliance Jio Platforms, the telecoms subsidiary of India-based Reliance Industries; Laura Petrone, Senior Analyst atGlobalData, a leading data and analytics company, offers her view: “Amid the global pandemic, foreign investors see Reliance as one of the most appealing companies in the […]
University of Oxford vaccine showed no signs of worsening COVID-19 symptoms
The University of Oxford has reported positive findings from preclinical animal studies of its potential COVID-19 vaccine ChAdOx1, which involved nine rhesus macaques. The vaccine is currently undergoing human trials as they were performed concurrently with animal testing in order to fast track vaccine development. Johanna Swanson, Product Manager at GlobalData, comments: “The University of Oxford’s […]
Attracting visitors back to Spain is essential – but it will not be easy
Following thenews that Spain aims to open up to overseas holidaymakers by late June; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the current situation: “Spain was the third most visited country in the world last year, welcoming 83.7 million international tourists. According to GlobalData, […]
Pentagon awards contracts to fight spread of COVID-19
Following the announcement that the Department of Defense awarded a contract for a COVID-19 contact tracing service; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the award: “The Department of Defense (DoD) is committed to fight the spread of COVID-19 on its own ground with […]
COVID-19 outbreak will further push non-cash payments in South Korea
The South Korean economy as a whole and specifically payments are seeing their organic move to a more digital space pushed up a notch due to COVID-19 thereby reducing the dependency on cash, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Instrument Analytics reveals that the share of cash […]
Antidepressant fluvoxamine could treat COVID-19
Researchers from Washington University School of Medicine are now conducting a clinical trial of antidepressant drug fluvoxamine, as a potential treatment for the ‘cytokine storm’ associated with COVID-19. If found effective, this selective serotonin reuptake inhibitor (SSRI) could be rapidly made available to patients as it is already globally marketed and has a known safety record, […]
Aldi eager to gain share of the fastest growing area of retail
Aldi is trialling a home delivery service in partnership with Deliveroo, offering 150 Aldi products in as little as 30 minutes. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “With online food & grocery spend forecast to rocket by 25.5% this year in response to […]