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☆ Alvin Bragg: We Must Address New York City’s Mental Health Crisis - The New York Times
▼ + stars: | 2024-04-13 | by ( Alvin L. Bragg Jr. | ) www.nytimes.com time to read: +1 min

Dr. Martin Luther King Jr. was stabbed with a seven-inch steel letter opener. The woman who stabbed him was named Izola Ware Curry. The many Izola Ware Currys in New York today are far more likely to find themselves in jail, or relegated to street corners and subway stations, than they are to receive comprehensive treatment. This disconnect can set the stage for people with mental illness to be both victims and perpetrators of real violence. Mental illness isn’t a crime, and jail isn’t the answer for those experiencing it.

Persons: Martin Luther King Jr, Izola Ware Curry, King, “, Ware Locations: Harlem, New York

British electronics chain Currys experienced more rejection Friday with Chinese online retailer JD.com walking away from a takeover race for the firm, just days after Elliott Investment Management did the same. In a brief statement Friday afternoon, JD.com said it would no longer pursue an offer for the Main Street brand, less than a month after entering the running. "JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys," it said. Currys shares plunged more than 10% on the announcement, before paring losses slightly. The electronics retailer, which operates more than 820 stores across eight countries, has become the subject of a possible takeover as it has struggled in the face of increased competition and depressed consumer spending.

Persons: JD.com, Currys Organizations: Elliott Investment Management Locations: London

☆ British retailer Currys drops 10% after U.S. investment firm Elliott pulls out of takeover race
▼ + stars: | 2024-03-11 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

LONDON — Elliott Investment Management said Monday it had decided not to make another takeover bid for British electrical retailer Currys after repeatedly being rejected. Shares of Currys were down 10% in early deals Monday after the news. The U.S. investment firm, via its affiliate Elliott Advisors, said Monday that following "multiple attempts to engage with Currys' Board, all of which were rejected," it was not making an improved offer for the U.K. company.

Persons: Currys Organizations: Elliott Investment Management, Elliott Advisors, . Locations: U.S

The pan-European STOXX 600 index (.STOXX) deepened losses by the close to fall 2.3% to its lowest level since late March, while the EURO STOXX 50 index (.STOXX50E) plunged 2.9%. Germany's two-year bond yield , which is highly sensitive to interest-rate expectations, rose its highest since autumn 2008, also pressuring equities. Technology stocks (.SX8P) fell 3.0%, while the real estate sector (.SX86P), which are often treated as bond proxies, tumbled 4.2%. German industrial orders rose significantly more than expected in May, due to large scale orders of ships, spacecraft and military vehicles. Embracer (EMBRACb.ST), the top loser on the STOXX 600, fell 13.8% after the gaming group raised 2 billion crowns ($182 million) in a share issue directed to institutional investors.

Persons: Chris Beauchamp, Janet Yellen's, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Sherry Jacob, Phillips, Varun, David Evans Organizations: CAC, U.S, Technology, Treasury, Thomson Locations: U.S . Federal, U.S, China, British, Gdansk, Bengaluru

☆ UK's Currys drops dividend on uncertain economic outlook
▼ + stars: | 2023-07-06 | by ( James Davey | ) www.reuters.com time to read: +2 min

The group also reported a 38% fall in full year profit, hurt by the weak performance of its Nordics business. Accordingly, we're being prudent in our planning, and in further strengthening our balance sheet," CEO Alex Baldock said. Baldock said Currys had taken actions to maximise operating cashflow through margin improvement, delivering cost savings and reducing capital expenditure. Nevertheless, the economic outlook remains uncertain in our main markets," Currys said. The group reported a statutory loss before tax of 450 million pounds for the year, driven by a previously announced non-cash goodwill impairment of 511 million.

Persons: we're, Alex Baldock, Baldock, Currys, Mike Ashley's Frasers, Frasers, James Davey, Sarah Young, Jason Neely Organizations: Consumers, Revenue, Ireland, Thomson Locations: British, Europe, Currys

☆ UK FTSE 100 at three-month low as rate hike worries grip; Currys slumps
▼ + stars: | 2023-07-06 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 1.2%, hitting its lowest level since March 24. Currys (CURY.L) tumbled 13.3% to its lowest level in more than 20 years after the electricals retailer reported a 38% slump in full-year profit. The commodity-heavy UK benchmark has been underperforming its peers this year amid volatility in resource prices over an uncertain global outlook. Among individual stocks, United Utilities (UU.L) climbed 1.8% after Morgan Stanley raised the water utility firm's rating to "overweight" from "equal-weight." Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: tanked, Chris Beauchamp, Beauchamp, Morgan Stanley, Shashwat Chauhan, Dhanya Ann Thoppil Organizations: United Utilities, P, FTSE, U.S, U.S . Federal, IG Group, HSBC, Standard Chartered, Prudential, CAB, Thomson Locations: China, U.S, U.S ., Bengaluru

The pan-European STOXX 600 index (.STOXX) dropped 1.2%, led by losses in travel and leisure (.SXTP) and retail index (.SXRP), which fell 2.3% and 2.0%, respectively. Embracer (EMBRACb.ST), the top loser on the STOXX, fell 13.8% after the gaming group raised 2 billion crowns ($182 million) in a share issue directed to institutional investors. "Now the gap between the two main central banks is closer than two months ago as Fed has moved more towards the position of the European Central Bank (ECB)." German industrial orders rose significantly more than expected in May, due to large scale orders of ships, spacecraft and military vehicles. Reporting by Matteo Allievi in Gdansk and Shubham Batra in Bengaluru; Editing by Sherry Jacob-Phillips and Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: hawkish, Stuart Cole, Janet Yellen's, UK's, policmaker Joachim Nagel, Matteo Allievi, Shubham Batra, Sherry Jacob, Phillips, Varun Organizations: CAC, Equiti, Fed, European Central Bank, Treasury, policmaker, Thomson Locations: China, U.S, British, Gdansk, Bengaluru

☆ Four-time NBA champion Steph Curry joins his rich neighbors in opposing much-needed new housing near their Bay Area backyards
▼ + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Steph and Ayesha Curry penned a letter opposing a townhouse development near their home in Atherton, California. "This is a tough thing for a community like Atherton to change," Atherton City Manager George Rodericks told NBC. Since 1969, California law has required cities to update their housing and land use needs, known as "Housing Elements," every eight years to ensure enough affordable housing is available to residents. Cities who fail to comply with the deadline could lose grant funding and face lawsuits from the state Attorney General. Cities spanning from San Francisco to Los Angeles have had their plans approved by state regulators, with many plans including efforts to increase density on developable land.

☆ FTSE 100 tracks glum global sentiment ahead of BoE rate decision
▼ + stars: | 2022-12-15 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 down 0.7%, FTSE 250 off 0.6%Currys drops to bottom of FTMCHSBC slumps on shareholder's campaign for spinoffDec 15 (Reuters) - UK's export-driven FTSE 100 fell on Thursday, tracking glum global sentiment, while traders avoided bets on risky assets ahead of the Bank of England's monetary policy decision. The blue-chip FTSE 100 (.FTSE) fell 0.7%, while the FTSE 250 (.FTMC) shed 0.6% by 9:29 GMT. After the Fed's hawkish commentary on Wednesday, traders now await the BoE's monetary policy meeting at 1200 GMT. "The split within the Monetary Policy Committee could give a hawkish edge to the meeting. Besides the 50 basis point hike on Thursday, Koopman expects BoE's terminal rate to be 4.75% by mid-2023.

☆ Britain's Currys to avoid using Royal Mail 'for now' over strikes
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 4 (Reuters) - British electricals retailer Currys (CURY.L) will not use Royal Mail as a delivery provider "for now" to reduce any impact from strike action, the company's chief executive officer Alex Baldock said on Sunday. Asked whether the report was true, Baldock said: "For now, yes. We plan for this sort of thing all the time and the relatively few, smaller parcels that we distribute through Royal Mail are pretty easily switchable to another provider." Postal workers have already staged walk outs and plan another wave of strikes later this month over pay and conditions, arguing that they want a rise that matches increasing prices and the cost of living. Reporting by Elizabeth Piper Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ UK could use military to ease strikes, Conservative chairman says
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +3 min

LONDON, Dec 4 (Reuters) - Britain's government is looking at bringing in the military to help keep public services running if key workers, including in the state-run National Health Service, take strike action, the chairman of the governing Conservative Party said on Sunday. "We're looking at the military, we're looking at a specialist response force... a surge capacity," he said, adding that the military could be brought in to drive ambulances. Workers at post and parcel company Royal Mail have held several rounds of strikes this year in a dispute over pay and working conditions and more strikes are planned this month. Zahawi again blamed Russian President Vladimir Putin's invasion of Ukraine for fuelling energy price rises and double-digit inflation, calling on public sector workers to "come together". "There is a minimum safety level of delivery in place already, but the NHS will look at all contingency planning," he said.

☆ Cost-of-living crisis casts shadow over Britain's Black Friday
▼ + stars: | 2022-11-25 | by ( James Davey | ) www.reuters.com time to read: +3 min

LONDON, Nov 25 (Reuters) - Britain's retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup. And they have begun their Christmas shopping early this year to help budget their finances. In France, 70% plan to shop on Black Friday and Cyber Monday, according to research by PwC France. More than a decade since being brought to the UK by Amazon, Black Friday's worth to retailers still divides opinion. Naysayers argue the discounts suck forward Christmas sales with reduced profits and undermine consumers' willingness to pay full price again before the festivities.

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