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Money:

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-Shawbrook: hits over 1-yr high on buyout offer

Reuters - UK Focus

** Shawbrook up 9.5 pct, highest since Jan. 14, 2016, in heavy volume

** Bank gets formal £842.4 mln ($1.05 bln) buyout offer from private equity firms Pollen Street Capital, BC Partners

** Shawbrook had earlier rejected the same proposal (then valued at £825 mln)

** Stock up about 12 pct this year as of Thursday's close

** Stock by far the top gainer on FTSE 250 in volume approaching 6x the 30-day daily avg after 45 minutes of trade

($1 = 0.8027 pounds) (Reuters messaging:; justin.varghese.thomsonreuters.com@reuters.net)