The Royal Mail pension scheme has received a cash injection from the UK government of £1.75bn (€2.5bn), while the BT pension fund deficit has been slashed by £1.8bn since last year.

Royal Mail has been granted £1.75bn in cash from the government to help plug its pension deficit of £5.6bn and improve the postal service.

Jason Corcoran

Royal Mail

Meet three of FN’s Most Influential in European Finance

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Aircraft and booze are among imports that would be targeted as EU debates how to respond to President Trump’s latest trade threats.

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More men than women are back in their cubicles, but remaining remote comes with risks. “It creates that barrier.”

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Mexico and Europe are grappling with how to respond to a U.S. administration that is using trade policy for a range of political and economic objectives.

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Continuation vehicles were once used by “zombie funds” but now usually contain top-performing companies.

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The 59-year-old hedge fund titan made his pro-tennis debut in a competitive ATP doubles tournament alongside a Grand Slam champion, and it ended in a straight-set defeat.

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes

The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century and that there is no peak in sight.

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The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

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President Trump’s latest salvo on trade gives U.S. allies three weeks to persuade Washington to relax tariffs that would be costly for their export-dependent economies.

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An internal investigation uncovered evidence that Linqto customers never owned the securities they thought they did.

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Mark Zuckerberg wooed another elite researcher with a pay package in the tens of millions.

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The president rolled out a new deadline, new rates and letters.

Trump Pushes Global Trade War Back to the Top of His Agenda

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A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange’s launch of electronic markets.

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