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MPC warns over slow UK growth

The Bank of England’s monetary policy committee has again voted unanimously to preserve the base rate at 0.5 per cent, while also noting that growth in UK GDP and productivity has slowed. The Bank’s committee says it will act to return inflation to its 2 per cent target, up from the zero reported by the […]

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Pimco global equities head exits

Embattled asset manager Pimco has suffered another blow following the news global head of equities Virginie Maisonneuve is to leave the firm. Maisonneuve joined Pimco in 2014, having been hired by former chief executive Mohamed El-Erian, but will now be leaving the firm, according to reports from the Financial Times. Douglas Hodge, Pimco’s chief executive, says […]

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Ex-Deutsche Bank trader files court case against FCA

Former Deutsche Bank trader Christian Bitter has filed a court case against the FCA after it fined the bank £227m. In April Deutsche Bank was fined a total of £1.7bn by international regulators for manipulating Libor and Euribor. According to Bloomberg, Bitter claims the FCA improperly identified him in a report accompanying the Deutsche Bank […]

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Kames launches two absolute return bond funds

Kames Capital has launched two absolute return bond funds in response to demand following the closure of its £2bn bond fund. The new Kames Absolute Return Bond Global and Kames Absolute Return Bond Constrained funds aim to generate low risk, absolute returns over a rolling three-year period “irrespective of market conditions”. The global fund, which will […]

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