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Following the recent news that Alibaba Cloud plans to invest $28bn in its infrastructure over the next three years; Luke Gowland, Analyst at GlobalData, a leading data and analytics company, offers his view: “This unprecedented investment pledged by Alibaba is a clear message to its rivals that the company is serious about competing with the […]
Nosedive in UK consumer confidence will be unwelcome news for retailers
The UK future sentiment index plummeted in April to the lowest level seen since tracking began in April 2012, pulled down by pessimistic feeling around the future of the UK economy and bringing bad news for retailers that will be hoping for a post-lockdown pickup in spend, says GlobalData, a leading data and analytics company. […]
The boohoo group is well-placed to face COVID-19
Following today’s release of boohoo group FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Well positioned to deal with the impacts of COVID-19, the boohoo group has reported another set of enviable results, with group revenue rising 44.1%, ahead of the revised group expectations of 40-42% […]
High dose chloroquine disphosphate safety concerns must be addressed before deciding COVID-19 efficacy, says GlobalData
Preliminary results for the Phase II study for high dose chloroquine disphosphate (CQ) for COVID-19 patients showed hazardous side effects of a QTc prolongation, resulting in the high dose arm being halted. However, results for low dose CQ are still pending and enrolment is still continuing, therefore a full set of Phase II results is […]
Allen & Overy is top legal adviser in retail sector by M&A deal value in Q1 2020
Allen & Overy is the top M&A legal adviser for the retail sector based on deal value in Q1 2020, having advised on four deals worth US$12.12bn, says 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 Allen & Overy […]
Social media can lessen the mental health impact of quarantine
Loss of routine and social isolation are having distressing short and long-term impacts on individuals of all age groups, meaning mental health disorders will increase as a result of COVID-19. However, social media and collaboration tools are going some way to ease the isolation, says GlobalData, a leading data and analytics company. Shabnam Pervez, analyst […]
Rates of mental health disorder for frontline health workers will rapidly increase as a result of COVID-19
Healthcare workers around the world have reported a significant increase in mental health disorders as a result of COVID-19, and rates will continue to rise steeply Shabnam Pervez, analyst at GlobalData, a leading data and analytics company, offers her view: “As COVID-19 continually spreads, the impact on key workers’ mental health has proven to be […]
Vestas Wind Systems prepares to tackle the long-term economic impact of the COVID-19
As the pandemic continues to spread, Vestas suspended its previous 2020 guidance outlook due to poor performance visibility for the remainder of the year. The company’s Q1 results indicate that the company is in line with expectations, and the company has assured that the proposed dividend for 2019 will not be affected by the decision […]
Tour operators must resist temptation to relaunch holidays too soon, says GlobalData
Tour operators should look to remain visible in the marketplace but relaunching holiday programs too early will not only cause irritation, but humiliation if travel restrictions are extended longer than expected, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “Stating an actual date for when holiday […]
Sullivan & Cromwell tops ranking of global legal advisors in ICT sector in Q1 2020
Sullivan & Cromwell has dominated a ranking of M&A legal advisers based on deal value in Q1 2020, having advised on eight deals worth US$12.7bn. Leading data and analysis company GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, noted that White & Case finished in second position, with […]
Goldman Sachs leads top ten global M&A financial advisers in ICT sector in Q1 2020
Goldman Sachs held the top rank in the latest global mergers and acquisitions (M&A) league table of the top ten financial advisers for the information and communication technology (ICT) sector by value and volume in the first quarter of 2020, according to GlobalData, a leading data analytics company. The US-based investment bank took the top […]
Facebook Gaming app will struggle to attract users and streamers
Following the news that Facebook is launching its gaming app two months earlier than planned; Rupantar Guha, Senior Analyst of Thematic Research at GlobalData, a leading data and analytics company, offers his view on the move: “By launching early, Facebook is attempting to exploit the increase in streaming caused by the COVID-19 pandemic. However, the […]
New orders and cancellations will shift post-COVID-19 Boeing further towards defense
Following the news that CDA Aviation cancelled an order of 20 B737 MAX and the German Government ordered 45 fighter jets to Boeing; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the future of Boeing; “The separated but quasi-simultaneous reporting of another B737 MAX cancellation […]
Premier Foods increased sales reflects changing shape of UK consumers
Following today’s news that Premier Foods has reported increased sales amid high demand for household staples in the UK; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “It is too simple to say that Premier Foods’ recent surge in its March sales is all down to stockpiling trends. […]
FDA special emergency program will accelerate COVID-19 therapies
As the COVID-19 pandemic spreads rapidly throughout the world, the urgency of finding a treatment has magnified. The Coronavirus Treatment Acceleration Program (CTAP), a special emergency program created by the Food and Drug Administration (FDA), will accelerate COVID-19 therapies by using all available methods to rapidly deliver new treatments to patients, says GlobalData, a leading […]
Personalized pet nutrition reflects human demand for ever greater specificity
Innovators are taking inspiration from human healthcare trends such as supplements, weight loss and stress management, and offering new convenient products and services to pet owners, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Success Case Study: Tails.com’,notes that artificial intelligence (AI) and the resulting flexibility in manufacturing processes is unleashing the potential […]
Wide assortment and strong online channel offers protection to John Lewis & Partners
Following today’s release of John Lewis 5 and 12 week figures for weeks ending 18 April 2020, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Although it is in a better position than many other UK non-food retailers thanks to its strong brand image, robust online proposition and broad product […]
Waitrose expands home delivery fulfilment to cope with COVID-19 demand
Following today’s release of Waitrose Q1 figures for 2020/21, Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Newly appointed John Lewis Partnership Chair Sharon White has truly had a baptism by fire during her first two months in charge, as she attempts to steer the already struggling retailer through the tumultuous […]
Primark’s dominance threatened by COVID-19
Following today’s release of Primark H1 figures for 2019/20, Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Though Primark’s performance for H1 FY2019/20 once again displays impressive revenue growth, particularly internationally, the outbreak of COVID-19 will drastically impact its performance for the rest of the financial year, with all of its […]
UK Government trade credit package a boost for insurance industry
Following the news that the UK government is discussing a financial package to help bankroll existing trade credit insurance contracts; Ben Carey-Evans, Insurance Analyst at GlobalData, a leading data and analytics company, comments: “The reinsurance scheme aims to prevent the widespread withdrawal of cover across sections such as manufacturing and retail. The bill is expected […]