The average state pension is currently £9,672 a year when additional benefit income such as the additional state pension and the pensions credit is taken into account, the report said. This is significantly less than the national minimum wage, which is equivalent to £11,477 a year for a full-time worker. It found that 15pc...
Trevor Greetham, a director at Fidelity Worldwide Investment, commented: “While Europe has problems, investors should not forget that there is growth elsewhere in the world and funds can tilt allocations regionally within their equity exposure.” Another senior fund manager who takes a sanguine view is Martin Walker of Invesco Perpetual, who said: “A break-up...
This is the first time that such “collective purchasing” has been tried in Britain – although it is common in other European countries. The initiative has won cross-party support, being endorsed by both the new Energy Secretary, Edward Davey, and his shadow, Caroline Flint. Mr Davey said: “I have long believed that collective purchasing...
Walt Disney reported quarterly earnings that beat analysts’ expectations, but its revenue missed Wall Street’s forecast as attendance at its parks and resorts rose. Disney delivered fiscal first-quarter earnings excluding items of 80 cents per share, up from 68 cents a share in the year-earlier period. Revenue...
Getty Images Warren Buffett Warren Buffett’s Berkshire Hathaway has been busy buying stocks, including a new stake in General Motors. Berkshire’s just-released 13-F filing with the SEC shows two new stocks were added to its portfolio during the first quarter of the year, and stakes were increased for another seven companies. It also appears...
