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The ONS has reported that men working as sales and retail assistants were found to have raised rates of death involving COVID-19. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Over 2.9 million people were employed in the UK retail industry as of December 2019, […]
Kingfisher benefits from consumers staying home amid COVID-19
Following today’s release of Kingfisher Q1 figures for 2020/21, Amy Higginbotham, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Kingfisher has benefitted from elevated demand for home improvement since lockdown began as consumers continue to carry out DIY projects such as painting and decorating, as well as gardening. In the UK & Ireland, […]
Aortic stent graft market likely to be negatively impacted by COVID-19 pandemic
Pre-COVID-19, the global aortic stent graft market was expected to grow at a compound annual growth rate (CAGR) of 4.5% over the next eight years. However, the COVID-19 pandemic is likely to have had a negative impact due to deferral of non-urgent procedures and a reduction in diagnosis, according to GlobalData, a leading data and […]
End of Google’s Toronto project suggests COVID-19 investment trouble for smart cities
Following the news that Google is scrapping its high-profile smart city project in Toronto, David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view: “Google’s decision to walk away from its involvement in the Toronto Waterfront smart city project after three years and $50m of […]
Morrisons adapts well to volatile grocery market conditions
Following today’s release of Morrisons Q1 figures for 2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Morrisons’ results tell a mostly familiar story in line with the other major supermarkets; food sales rose quickly to peak in late March as UK case numbers grew and stockpiling began and fell in April […]
Quibi cannot blame COVID-19 for all its woes, says GlobalData
Following the recent news that Quibi’s co-founder, Jeffrey Katzenburg, has put its faltering start solely down to COVID-19; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the challenge COVID-19 poses to Quibi: “Quibi has undoubtedly been hurt by COVID-19. The platform is tailored to commuters and ‘on-the-go’ […]
Austerity measures announced in Saudi Arabia will depress infrastructure activity
Following the news that the Saudi Government decided to raise value-added tax (VAT) from 5% to 15%, effective July 1st, and to suspend cost of living allowance paid to state workers starting from June 1st; Yasmine Ghozzi, Economist at GlobalData, a leading data and analytics company, offers her view on the worsening situation in the Kingdom […]
Target’s bold acquisition will help it catch up to its rivals
Following the news that Target is in the process of acquiring same-day delivery technology from Deliv; Luke Gowland, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “This acquisition will enable Target to improve its position within several areas ofretail, including ecommerce, delivery efficiency and speed, and smart supply chain, ensuring […]
COVID-19 is accelerating the requirement for more resilient cybersecurity
Despite healthcare increasingly becoming a target for cybercriminal activity, investment in cybersecurity continues to be viewed as a necessary evil for those with the onus of stumping up the cash. This is reflected in the high demand for solutions and services to ensure regulatory compliance and the relatively low demand for more strategic, forward-thinking endeavours. […]
Retailers without online presence threatened as 26.0% of UK shoppers plan to spend more online after COVID-19
With over a quarter of shoppers now planning to spend more online after the COVID-19 restrictions are lifted, retailers with a limited (or no) online proposition must consider investment in order to remain competitive, says GlobalData, a leading data and analytics company. Thomas Brereton, Retail Analyst at GlobalData, offers his view: “Almost all non-food physical […]
Marriott results illustrate competence
Following the recent announcement of Marriott’s Q1 results; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Marriott significantly missed already lowered estimates for first-quarter profit. Alike its competitors, bookings plunged in the later stages of Q1 as restrictions on movement became more draconian […]
Barclays is top financial adviser in power sector by deal value in Q1 2020
Barclays is the top financial adviser for mergers and acquisitions (M&A) deals in the power sector by deal value in Q1 2020, having advised on four deals worth US$9.62bn, according to GlobalData, a leading data and analytics company. GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed that […]
Simpson Thacher & Bartlett is top M&A legal adviser in power sector in Q1 2020
Simpson Thacher & Bartlett is the top mergers and acquisitions (M&A) legal adviser based on deal value in Q1 2020, having advised on two deals worth US$6.40bn, according to GlobalData, a leading data and analytics company. GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed that Simpson Thacher […]
Goldman Sachs is top M&A financial adviser in UK for coronavirus-hit Q1 2020
Goldman Sachs is the top M&A financial adviser based on deal value in Q1 2020, according to GlobalData, a leading data and analytics company. The US firm advised on ten deals worth US$58.3bn in Q1 2020. GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed that Credit Suisse […]
US mortgage balances to register negative growth in 2020 due to COVID-19
A rise in delinquency rates from out of work consumers, less demand for house buying and tighter mortgage restrictions will lead to the US market shrinking in 2020, according to GlobalData. The data analytics company forecasts -0.9% growth in mortgage balances for 2020, compared to the previous 3%. Consumers being unable and unwilling to view […]
Skadden Arps Slate Meagher & Flom is top M&A legal adviser by deal value in US for coronavirus-hit Q1 2020
Skadden Arps Slate Meagher & Flom is the top mergers and acquisitions (M&A) legal adviser in the first quarter of 2020 by deal value, according to GlobalData, a leading data and analytics company. The law firm advised on 22 deals worth US$42.2bn in Q1 2020. According to GlobalData, which tracks all M&A, private equity/venture capital […]
UAE retail market set to grow by 0.4% in 2020 as brief lockdown period protects spend
The United Arab Emirates is forecast to be the sixth best performing market in 2020 (of the 49 countries covered by GlobalData) with spend growth remaining in positive territory significantly helped by its short lockdown period of just two weeks for non-essential stores, says GlobalData, a leading data and analytics company. Emily Salter, Retail Analyst […]
Global oil and gas contract activity reports downtrend amid COVID-19 outbreak during Q1 2020
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely attributed to the decline in crude oil prices and reduced demand amid the COVID-19 outbreak. Furthermore, many oil and gas companies are reducing CAPEX/OPEX exposure in this non-conducive market. These […]
Fitbit’s suitability to detect COVID-19 symptoms uncertain
Fitbit has been collaborating with The Scripps Research Institute and Stanford Medicine on research aimed at using Fitbit data to help detect, track and contain infectious diseases like COVID-19. However, Fitbit’s fitness tools are not accurate enough to detect COVID-19 symptoms, says GlobalData, a leading data and analytics company. Shabnam Pervez, analyst at Thematic Research, […]
Domestic tourism could be the lifeline for COVID-19 hit tourist destinations such as Thailand
The impacts from COVID-19 have been felt worldwide with travel restrictions, lockdowns and cancellations of major events. Pre-COVID-19, tourist destinations were predicted to hit 1.6 billion international arrivals globally in 2020, and tourism is a major contributor to the economy, providing 10% to global GDP. Amber Barnes, Travel and Tourism Analyst at GlobalData, says: “It is critical for destinations, in particular tourism-reliant destinations, to create strategic actions to be able to recover from COVID-19. These must be implemented now otherwise […]