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What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BUZZ-Kingfisher: FY statement spurs best day in a yr

Reuters - UK Focus

** Kingfisher (LSE: KGF.L - news) up 4.9 pct at 9.5-mth high & poised for biggest one-day rise in yr on restructuring, in-line FY & ongoing cash returns

** To shut about 60 underperforming B&Q stores in Britain, c.15 pct of chain's space

** Co says Kevin O'Byrne CEO for B&Q UK and Ireland (Other OTC: IRLD - news) will leave the business on May 15 (stock gained Mon after FT reported O'Byrne was to leave & co ditched its planned purchase of French DIY chain Mr Bricolage )

** Posts FY pretax profit of 675 mln pounds - in line with analysts' avg forecast - but down from 744 mln a yr earlier, reflecting slower mkt in France since summer 2014

** Co paying divi of 10 p/share, up 1 pct; also plans to return a further 200 mln pounds to investors during 2015-16 yr (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)