SKY News : Women drink almost as much alcohol as men, global study finds

Women drink almost as much alcohol as men, global study finds
Research looking at the drinking habits of four million people finds the gap is closing, especially among young adults.

Women have caught up with men when it comes to drinking alcohol, new research has found.
The trend is most evident among young adults, according to the findings.
The researchers looked at the drinking habits of four million people born between 1891 and 2000 all over the world - by examining 68 studies on alcohol consumption.
They found that among those born in the early 1900s, men were:
:: 2.2 times more likely than women to consume alcohol;
:: Three times more likely to drink in ways "suggestive of problematic use"
:: 3.6 times more likely to experience alcohol-related harms

Image Caption:Doctors recommend that men and women do not drink more than 14 units per week
But that ratio changes dramatically when examining data relating to people born in the late 1900s. The study found that men were:
:: 1.1 times more likely than women to consume alcohol
:: 1.2 times more likely to drink problematically
:: 1.3 times more likely to experience alcohol-related harms.
The researchers concluded: "These results have implications for the framing and targeting of alcohol use prevention and intervention programmes.
"Alcohol use and alcohol use disorders have historically been viewed as a male phenomenon.
"The present study calls this assumption into question and suggests that young women in particular should be the target of concerted efforts to reduce the impact of substance use and related harms."
The study, by researchers from the National Drug and Alcohol Research Centre of the University of New South Wales, Australia, was published in the journal BMJ Open.

Emily Robinson, director of campaigns at Alcohol Concern, agreed with the findings, denouncing "a concerted effort from the alcohol industry to market products and brands specifically to women".
She said "alcohol is so cheap and easily available, it's become an everyday grocery item", and called for "mandatory health warnings on alcohol products" and a mass media campaign to raise awareness.
Portman Group, the trade group of alcohol producers, said the findings do not "reflect the real-life evidence of how women drink in the UK today".
A spokesman said: "Official data shows significant declines in women's alcohol consumption, frequency of drinking and binge-drinking rates over the last decade and today 84% of women do not exceed low-risk guidelines."
The Chief Medical Officers' guideline for both men and women is that it is "safest not to drink regularly more than 14 units per week, to keep health risks from drinking alcohol to a low level."
If drinking as much as 14 units per week, it is best to spread this evenly over 3 days or more, the guidelines recommend.

>>> US Gapping Up:

Gapping Up:
In reaction to earnings/guidance:
  • CR +8.2%, RMBS +6.8%, SWFT +5.8%, ORAN +5.1%, BHI +4.5%, CLGX+4.3%, RDY +3.7%, KKR +3.6%, BAX +3.2%, KEY +3.1%, VLO +2.9%, UTX+2.7%, ALSN +2.5%, PG +2.3%, UA +2.0%, MRK +1.6%, LMT +1.4%, GM+1.3%
Select metal/mining names seeing strength amid gains in underlying metals prices:
  • HMY +3.3%, CLF +3.2%, MUX +3.1%, GFI +2.7%, VALE +2.6%, RIO +2.4%,BHP +1.6%, GOLD +1.3%, ABX +1.3%, GDX +1.0%, AU +1.0%.
Other news:
  • SAEX +50.3% (received approx $24.4 mln of tax credit certificates from the state of Alaska's Department of Revenue; says received sooner than expected),
  • GBT +18.3% (agrees w/ the FDA on the design of its pivotal trial for GBT440 in adults and adolescents with sickle cell disease; expected to begin screening patients by December; decides to discontinue its research and development activities related to GBT18713; Chief Medical Officer Dr. Eleanor Ramos retires),
  • EYES +16.2% (announces the first successful implantation and activation of a wireless visual cortical stimulator in a human subject),
  • PSTI +11.2% (to sell approx. 16.89 mln shares of common stock at $1.77/share to China-based Innovative Medical Management),
  • CWEI +8.0% (Clayton Williams announces agreement to sell Giddings area assets for $400 million; names Patrick Cooke as COO),
  • CANF +7.4% (announces agreement with Chong Kun Dang Pharma for the exclusive right to distribute CF102 for the treatment of liver cancer in South Korea for up to $3 mln in upfront/milestone payments, plus a % of royalties on net sales in the low twenties),
  • WINT +7.4% (releases data from lung deposition study in non-human primates demonstrating uniform distribution of aerosolized KL4 surfactant in all regions of the lung),
  • SYT +1.4% (modest relief following yesterday's weakness)
  • BMY +1.3% (announces results from CheckMate-205; primary endpoint of objective response rate was 73% overall, which was consistent across patient subgroups)

>>> US Early pre-market gappers

Early pre-market gappers
Gapping up: SAEX +50.3%, PSTI +11.2%, CWEI +8.0%, CANF +7.4%, RMBS+6.8%, SWFT +5.8%, ORAN +5.1%, BHI +4.5%, CLGX +4.3%, RDY +3.7%, KKR+3.6%, HMY +3.3%, BAX +3.2%, BT +3.2%, MUX +3.1%, KEY +3.1%, VLO +2.9%,CLF +3.2%, YNDX +2.8%, QTM +2.7%, GFI +2.7%, UTX +2.7%, VALE +2.6%, RIO +2.4%, STX +2.3%, PG +2.3%, VOD +2.0%, UA +2.0%, MRK +1.6%, BBL+1.6%, BHP +1.6%, SYT +1.4%, NVO +1.4%, LMT +1.4%, X +1.4%, GOLD +1.3%,ABX +1.3%, GM +1.3%, BMY +1.3%, GDX +1.0%, AU +1.0%.
Gapping down: CALA -20.3%, SONC -13.0%, PLG -10.5%, MTL -10.4%, SPN-8.4%, NLSN -7.4%, EAT -6.2%, BPL -5.2%, WHR -4.2%, DB -2.8%, CAT -2.5%,NVS -2.3%, GWPH -2.2%, CRZO -2.0%, WAT -1.7%, STM -1.7%, LLY -1.5%, VFC-1.5%, MMM -1.3%, CS -1.1%.

(GS) Stock Picking in the ‘Reflation Rotation’

What just happened? Separating sectors from factors

Since 10-year Bund yields bottomed on July 8, there has been a clear sector rotation in Europe, with Banks up c.24%, Basic Resources up c.17% and Autos up c.16%. Meanwhile, Healthcare, Utilities and Food and Beverages

are down c.7%, 3% and 2% respectively. In this note, we employ GS sectorneutral IP factors to distinguish between the recent rotation in sectors and that seen in factors. Since July 8, we find that sector-neutral Value is up >5% and Growth is up c.4%. Meanwhile, the Volatility and Size factors have underperformed, in each case reversing the performance trend seen in 1H.

 

A case study in 10-year Bund yields

In a bid to help investors position from here, we study the historical relationship between European factor performance and 10-year Bund yields. We find that when 10-year Bund yields rise (which our economists

believe is likely from here), there is a significant positive impact on the performance of our IP Value and IP Growth factors and a significant negative impact on the IP Returns, IP Volatility and IP Size factors.

 

Factors to focus on now

Our economists forecast further upside to 10-year yields on US Treasuries and German Bunds from here. On that basis, our 10-year case study suggests that stocks with High Growth, High Volatility and Low Returns (relative to

sector peers) should outperform. Conversely, stocks with Low Growth, Low Volatility and High Returns look vulnerable. In this context we also note that Low Growth and Low Vol factor ‘tails’ currently trade at stretched valuations.

 

Identifying ‘Rotation Catch-Up Candidates’

We present a list of 23 ‘Rotation Catch-Up Candidates’, including Buy rated Accor, Colonial, Fresenius Medical Care, Ingenico, Mediaset and Shire. These stocks all screen as having higher growth, higher volatility and lower returns than sector peers. Yet, despite exposure to these recently strong ‘factor tails’, they have not outperformed since the start of the bond sell-off in early July. We also present a list of stocks that appear particularly vulnerable on a sector-relative basis given their low growth, low volatility and high returns, exposures which have historically been negatively correlated with 10yr Bund yields. These include Sell-rated Endesa, Austrian Post, Atlas Copco, bpost and Sandvik.

(Liberation) Les mobiles du crime : La guerre des Telecoms en France

Il n’est jamais facile de parler d’économie à la télévision : trop de chiffres, de réunions invisibles, de secrets. Ce docu de François Rabaté et Jean-Baptiste Diebold réussit à décrire la vie des affaires à travers la plus belle baston du business français : celle des télécoms, «miroir de l’économie capitaliste». Produit comme un thriller, et servi par la voix grave de Patrick Cohen au commentaire, ce film passionnant retrace les épisodes de cette guerre qui dure depuis vingt ans : l’arrivée de Bouygues Telecom puis celle de Free, le rachat de SFR par Numericable, les retournements d’alliances, les coups tordus… «C’est une histoire d’argent et aussi une histoire d’hommes», qui met aux prises quatre personnages hauts en couleur : le grand commis de l’Etat Stéphane Richard (Orange), l’héritier Martin Bouygues (Bouygues Telecom), le hacker Xavier Niel (Free) et le virtuose de la finance Patrick Drahi (SFR, propriétaire de Libération). A l’exception de Bouygues, tous racontent devant la caméra les coulisses d’une guerre tournant souvent à la querelle d’egos. Il en ressort quelques propos savoureux, comme ceux de Drahi : «Martin Bouygues n’arrive pas à rassembler les capitaux [pour SFR]. Moi, ça me prend cinq minutes. J’ai mon banquier, je lui dis : voilà, c’est 12 milliards.»

Guerre dans les télécoms ce soir à 20 h 45 sur France 5.

>>> Ahold can feel some more competion in Belgium (Carrefour)

AMSTERDAM (Reuters) - Carrefour would put pressures on Ahold, Delhaize as its intention to open what is in Belgium hundred Easy convenience stores. That suggested analyst Matthias Maenhaut ING Tuesday.

Click here for more news and current rate information for Royal Ahold, Delhaize

He remarks that Carrefour has done before firm decisions, including on planned openings of hypermarkets, but these are not always true. Given the recent loss of market share of Carrefour would it,, logical '' that the company takes action, said Maenhaut.

ING has a buy recommendation on Ahold, Delhaize, which Tuesday around 9:55 pm 0.3 percent was at 20.90 euros. Thus, the share performed in line with the AEX index.

>>> ASM International Could Be a Potential Takeover Target: Kepler

Mega-mergers no longer seem feasible in the sector, with two large mergers having been blocked, Kepler Cheuvreux says in note.
  • This leaves bolt-on acquisitions as only option for industry leaders Applied Materials, Lam Research and Tokyo Electron
  • ASM international has its appeal as market share and technology leader in atomic layer deposition (ALD) equipment
    • Adds that especially as all three deposition leaders have expressed their ambition to grow their ALD businesses
  • ASM International’s shareholder structure, antitrust issues, Applied Materials’ right of first refusal, its stake in ASM Pacific Technology, and its foundation may complicate matters
  • Buy rating confirmed, PT EU43.50