Unilever, the Anglo-Dutch detergent and food giant, has become the latest to sack Putnam Investments, the US fund group which has settled federal and state charges of improper trading.

Putnam had been running a £275m (€393m) equity portfolio of Unilever's £3.1bn pension scheme.

Unilever pension scheme drops Putnam Investments

Alistair Graham

Barclays Global Investors

Unilever

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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