Jonthan Brown

Retail

Footasylum will struggle without JD Sports’ backing

Following the news that the CMA has blocked JD Sports’ proposed purchase of Footasylum: Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Following the CMA’s ruling, Footasylum will no longer be able to piggyback upon JD Sports’ success in the market, with the latter having […]

Business Fundamentals

Healthcare sector witnessed 18.1% growth in deal activity during week ended May 3

The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) grew by 18.1% during the week ended May 3, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The healthcare sector has been relatively resilient compared to other sectors and this […]

Aerospace, Defense & Security

Legacy defense programs threatened as US DoD tightens belt in face of reduced federal stimulus

Following yesterday’s comments by Mark Esper, the US Defense Secretary, regarding potential funding cuts to legacy programs such as the C-130H cargo planes rather than reducing funding for modernisation and development programs; Madeline Wild, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “The US Department […]

Travel & Tourism

Surge in M&A activity likely for hotel industry post-COVID-19

Many smaller hotel companies will have no choice but to combine with their larger counterparts in order to survive post-COVID-19, creating a more consolidated industry in the process, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, offers his view: “The number of announced mergers and acquisitions (M&A) […]

Retail

Morrisons’ BBQ Food Box advocates greater potential for prepacked grocery shopping

Following the news that Morrisons is launching a £35 BBQ Food Box of pre-selected products for the VE Day bank holiday: Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Numerous supermarkets have launched “prepacked” food boxes during the pandemic, including Aldi and M&S. Morrisons currently […]

Travel & Tourism

Lufthansa Group wants financial help without ceding influence

Following the news that the Austrian Chancellor met the CEO of Lufthansa Group to discuss the future of Austrian Airlines; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “Lufthansa’s request to the Austrian conservative-green government for more than US$835m of public aid for its subsidiary Austrian […]

Travel & Tourism

Virgin Atlantic announcement cements theory that airlines will be smaller post-COVID

Following today’s announcement that Virgin Atlantic is to cut 3,000 jobs and cease operation at Gatwick: Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Just yesterday GlobalData said that major airlines feel a leaner, more agile business is what is needed […]

Power

Slovakia’s power consumption will decline in coming weeks due to COVID-19

Electricity companies in Slovakia have witnessed a reduced demand in Q1 2020 when compared with the same period last year due to the COVID-19 outbreak, says GlobalData, a leading data and analytics company. Electricity consumption in Slovakia declined by 2.2% in the first two months of 2020 when compared with the same period of 2019. […]

Retail

US retail spend set to decline 5.1% this year – more than double the fall of 2009’s financial crisis

As the second largest retail market in 2019 (behind China), the US is set to experience the steepest slump of all other countries this year (in terms of value) declining over $200bn versus 2019. Spend is forecast to fall 5.1% with only 10 other major markets to see deeper declines, says GlobalData, a leading data […]

Technology

Banks will weather COVID-19 storm with robust, agile IT, says GlobalData

It is essential that banks continue to develop a supporting IT infrastructure that maximizes agility and flexibility, as well as taking advantage of online banking if they are to weather the COVID-19 storm, says GlobalData, a leading data and analytics company. Chris Drake, Principal Analyst at GlobalData, comments: “Several major banks have recently announced plans […]

Pharma

Lack of patient awareness is biggest challenge to telemedicine during COVID-19

A survey conducted by GlobalData between 6 April and 20 April about the use of telemedicine during the COVID-19 crisis saw an overwhelming majority of respondents claim they expect telemedicine to play a very important role in the fight against the virus, as indicated by 67% of 853 respondents. In addition, telemedicine was rated by […]

Banking

French investors to move wealth from risky assets to deposits

Risky assets are set to suffer the most in France as total retail and savings investment is forecast to see negative growth in 2020 for equity holdings, according to GlobalData, a leading data and analytics company. COVID-19 is having a major impact on the French economy, as it contracted by 6% over Q1 2020, and […]

Insurance

Struggling South African economy hit again and will cause disruption to insurers

South African insurance GWP is set to decline in 2020 as businesses shut up shop, and the country’s faltering economy will struggle to cope, according to GlobalData, a leading data and analytics company. GlobalData’s revised post-COVID-19 forecasts see the total value of GWP in the South African market declining by 3.1% in 2020 (from a […]

Power

ENIE helps cash-crunched Dutch amid COVID-19

In the wake of the COVID-19 pandemic, Dutch solar product distributor ENIE is implementing its ZonneRuilen Program to purchase existing solar rooftop installations. As per the program, the firm is offering to buy installed rooftop systems for around 85% of their initial cost. This way, customers with these solarphotovoltaic (PV) systems get some liquidity during […]

Medical Devices

Renal dialysis equipment market will be fuelled by COVID-19 related equipment shortages

Following reports that some COVID-19 patients are experiencing kidney failure, concerns are growing over the short supply of dialysis machines. While the number of these patients is currently small, GlobalData, a leading data and analytics company, expects the production of more dialysis machines will be required to meet the imminent demand. Prior to the pandemic, […]

Retail

UK online grocery market to gain an extra £1.9bn in 2020 due to impact of COVID-19

The UK online food & grocery retail market is now forecast to grow 25.5% in 2020, as major supermarkets such as Tesco, Sainsbury’s and Waitrose expand fulfilment capacity to meet the raised demand from housebound consumers, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData UK retail market forecasts, Thomas […]

Aerospace, Defense & Security

Rolls Royce cutting jobs to face long term impact of COVID-19 on civil aviation

Following the news that Rolls-Royce is cutting up to 8,000 Jobs; William Davies, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Rolls-Royce’s current challenges: “Rolls-Royce announced over the weekend that it plans to cut up to 8,000 jobs as its business is hit hard by the impact […]

Medical Devices

Utah leads US in reopening dental clinics, could make or break the dental device industry for 2020

While dental device manufacturers focus on navigating the drastic reduction in sales due to COVID-19, dentists in areas of the US have reopened their clinics in eager response to a flattening curve. In Utah, dental opened clinics on April 23, 2020. Sarah Janer, Medical Device Analyst at GlobalData, comments: “Despite the tenuous infection rate forecasts, […]

Retail

Sweden forgoes lockdown protecting 2020 retail spend

Sweden’s retail market is set to be one of the better performing in Europe in 2020, only marginally declining 0.4%, as it is yet to impose a lockdown (and does not plan to) in contrast to many other European countries including Spain, Italy, France and the UK, says GlobalData, a leading data and analytics company. […]

Pharma

Phase 2 Kevzara trial provides important insight into the management of COVID-19

Regeneron and Sanofi recently announced the preliminary results from the Phase II portion of an ongoing Phase II/III trial evaluating Kevzara (sarilumab), an antibody targeting the interleukin-6 (IL-6) receptor, in hospitalized patients with severe or critical respiratory illness caused by COVID-19. Angad Lotay MPharm, Infectious Diseases Analyst at GlobalData, comments: “Targeting the correct patient population […]

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Footasylum will struggle without JD Sports’ backing

Healthcare sector witnessed 18.1% growth in deal activity during week ended May 3

Legacy defense programs threatened as US DoD tightens belt in face of reduced federal stimulus

Surge in M&A activity likely for hotel industry post-COVID-19

Morrisons’ BBQ Food Box advocates greater potential for prepacked grocery shopping

Lufthansa Group wants financial help without ceding influence

Virgin Atlantic announcement cements theory that airlines will be smaller post-COVID

Slovakia’s power consumption will decline in coming weeks due to COVID-19

US retail spend set to decline 5.1% this year – more than double the fall of 2009’s financial crisis

Banks will weather COVID-19 storm with robust, agile IT, says GlobalData

Lack of patient awareness is biggest challenge to telemedicine during COVID-19

French investors to move wealth from risky assets to deposits

Struggling South African economy hit again and will cause disruption to insurers

ENIE helps cash-crunched Dutch amid COVID-19

Renal dialysis equipment market will be fuelled by COVID-19 related equipment shortages

UK online grocery market to gain an extra £1.9bn in 2020 due to impact of COVID-19

Rolls Royce cutting jobs to face long term impact of COVID-19 on civil aviation

Utah leads US in reopening dental clinics, could make or break the dental device industry for 2020

Sweden forgoes lockdown protecting 2020 retail spend

Phase 2 Kevzara trial provides important insight into the management of COVID-19

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