Investors pull $7.5bn from US stock funds
US equity funds this week suffered their largest net redemptions in three months, as investors pulled $7.5bn, even as the country’s stock markets touched new highs, according to ETFR Global. (FT)

BT needs extra £2bn to plug pension deficit
BT will likely be forced to cough up an additional £2bn over the next two years in order to trim its ballooning pension deficit, warns a new report from rating agency Moody’s. This compares with £1.4bn that the UK telecommunications giant had previously agreed to contribute. (Times)