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Financial News reports from the annual gathering of the pensions community in Edinburgh, hosted by the Pensions and Lifetime Savings Association

FN at the PLSA Investment Conference 2016

Unilever

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

A&O Shearman boss Hervé Ekué on skyrocketing pay rises: ‘We haven’t reached the top’

Trading Places: Point72, Caxton and T Rowe Price make hires

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Point72 hires ex-Millennium portfolio manager Prejesh Patel

https://images.fnlondon.com/im-99532724?size=1.5

Patel, who marks the hedge fund’s latest hire, will be based in its London office

Jain Global money manager Anurag Nema exits to Caxton after one year

https://images.fnlondon.com/im-54993791?size=1.5

Bobby Jain’s hedge fund launched in July

South Africa, Japan and Saudi Arabia are among the nations that have sought counsel from the Wall Street giant.

By Alexander Saeedy and AnnaMaria Andriotis

Goldman Sachs Is Advising Countries Scrambling to Please Trump on Tariffs

The food-delivery company said it received a $3.59 billion takeover approach that it would be prepared to recommend to shareholders, if a formal offer were made.

Deliveroo Shares Hit Three-Year Highs on DoorDash Takeover Proposal

The head of the Bank of France also said that while slower economic growth in the U.S. would be a blow, it presented Europe with an opportunity.

ECB Has Room to Lower Key Rate as Inflation Nears Target, Says Villeroy

The lender’s a bid for the private bank is the latest twist in a wave of consolidation in Italy’s crowded banking market.

Mediobanca Offers to Buy Banca Generali in $7 Billion Share Deal

CEOs are pausing travel, delaying construction projects and slowing hiring in response to tariffs and cloudy economic forecasts: “Control the controllables.”

America Inc. Slashes Spending as Tariff Uncertainty Swirls

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