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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Enel ordinary net profit beats guidance

Reuters

MILAN (Reuters) - Italy's biggest utility Enel said on Thursday its ordinary net profit last year rose 14.4 percent to 3.71 billion euros (£3.2 billion) to beat company guidance.

The state-controlled utility, which gave preliminary results in February, said it would pay a dividend on last year's results of 0.237 euros per share.

"We confirm our financial targets for 2018," Enel CEO Francesco Starace said.

(Reporting by Stephen Jewkes, editing by Steve Scherer)