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What is the true cost of the UK state pension?

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BUZZ-Smith & Nephew: flirts with record high on Q1 results

Reuters - UK Focus

** Artificial joint maker Smith & Nephew (Frankfurt: 502816 - news) up 3.2 pct, having briefly hit a record in early trade, and among the top gainers on FTSE 100

** Delivers 3 pct underlying revenue growth for Q1; on track to deliver 3-4% underlying revenue growth for FY

** Says emerging markets returned to double-digit growth with

** Stock up 4 pct this year as of Thursday's close

(Reuters Messanging: aniruddha.c.thomsonreuters.com@reuters.net)