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Jared Kushner's firm buys 8% stake in UK lender OakNorth, Sky News reports

Jared Kushner's firm buys 8% stake in UK lender OakNorth, Sky News reports

Yahoo4 days ago
(Reuters) -Affinity Partners, a private equity firm founded by U.S. President Donald Trump's son-in-law Jared Kushner, has signed a deal to buy an 8% stake in British lender OakNorth, Sky News reported on Friday, citing industry sources.
The companies did not immediately respond to Reuters' requests for comment.
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Should the state pension age be increased to 70? Have your say
Should the state pension age be increased to 70? Have your say

Yahoo

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Should the state pension age be increased to 70? Have your say

The government has commissioned a review into the pensions system as it grapples with rising life expectancy and an ever-growing bill. Yahoo UK's poll of the week lets you vote and indicate your strength of feeling on one of the week's hot topics. After the poll closes, we'll publish and analyse the results each Friday, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo UK readers. A review into the UK's pensions system could see the state pension age increased to 70. Dr Suzy Morrissey, who has been commissioned by work and pensions secretary Liz Kendall to carry out the review, said she would consider the merits and fairness of linking state pension age to life expectancy. With life expectancy projected to keep on rising, according to the Office for National Statistics, the number of pensioners is also expected to have increased by more than 50% by the 2070s. However, the working age population is only projected to have grown by over 10%, Kendall said in July, "making it even more imperative to help future pensioners put into a savings pot they can rely on in the future". Dr Morrisey will also look at the role of the state pension age in "managing the long-term sustainability" of the system, and examples from other countries. This is believed to include looking at Denmark, which recently raised the age of retirement to 70. Government spending on the state pension from 2025-26 is projected at £146bn, according to Department for Work and Pensions estimates – up 63% over the past 10 years and 183% over the past 20 years. With spending on the state pension forecast to increase to £169bn, accounting for inflation, by 2030, some have argued an increase of the retirement age is inevitable. While maintaining the triple lock, a mechanism that guarantees pension increases, modelling from 2022 shows that to keep public spending on state pensions below 6% of national income, the state pension age would have to rise by 69 by 2048–49 and 74 by 2068–69. The Institute for Fiscal Studies says that increases in the state pension age "are a coherent policy response to the fiscal challenges from rising longevity at older ages", and lead some people to remain in paid work for longer. However, the think tank also warns that those reaching retirement age renting in the private sector are at "heightened risk of poverty throughout their retirement" due to inadequate savings, and calls for means-tested benefits to help the hardest hit. Catherine Foot, director of the Standard Life Centre for the Future of Retirement, told the Telegraph that the group experiencing the fastest-growing rate of poverty among working-age adults is people aged 60-65. She said many of this cohort have "fallen out of work due to things like ill health, caring responsibilities or ageism in the labour market" and that any increases to the retirement age would have to be accompanied by policies that help people stay in back on Friday to read the results and analysis via the link below. Read more of Yahoo UK's Poll of the Week articles

A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A
A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A

Yahoo

time16 minutes ago

  • Yahoo

A Levels 2025: Nord Anglia students achieve impressive 48% of grades at A*-A

LONDON, Aug. 19, 2025 /PRNewswire/ -- Nord Anglia Education today announced its A level results for the 2024/25 academic year, with students achieving an impressive 48% of grades at A*-A. These results were again significantly higher than England's overall A*-A average, which was 28.2% this year. Nord Anglia students also achieved an A*-B average of 71.8%, up from 71.5% last year and well above England's 55% A*-B average. Highlights include: Oxford International College had 54 students achieve straight A*-A grades across all their subjects. Graduates have received university acceptances from Oxford, Cambridge, LSE, Imperial, UCL and other global institutions. The British School of Guangzhou achieved 62% at A*-A as well as 82% at A*-B. Graduates are now heading to study at institutions such as LSE, UCL, Imperial College London, Berklee College of Music, the University of Hong Kong, the University of Sydney, and more. d'Overbroeck's Oxford saw 59% of all grades at A*-A, achieved by 220 students across 40 different A level subjects. 45% of students gained at least three A*-A grades. The British School of Nanjing saw 54% of students achieve A*-A, while at The British School of Kuala Lumpur 53% of students achieved A*-A. Dr Elise Ecoff, Group Education Director, Nord Anglia Education, said: "With our largest-ever cohort achieving such outstanding outcomes, we're proud to see Nord Anglia students thriving academically and securing places at the world's top universities. These results show what's possible when students are inspired to aim high and supported every step of the way." In July, Nord Anglia announced its average International Baccalaureate Diploma Programme score of 34 for the academic year, well above the global average of 30.58. Graduates from Nord Anglia Education schools attend the world's top 100 universities, including University of Oxford, University of Cambridge, University College London, Harvard University, Stanford University, Imperial College London, King's College London, and the London School of Economics and Political Science, amongst many others. Media enquiriesDavid BatesSenior Communications ManagerM +44 (0) 7787 About Nord Anglia EducationAs a leading international schools organisation, we're shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life. Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible. No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world's top universities. Our Nord Anglia global family includes 80+ day and boarding schools in 36 countries, teaching over 90,000 students from ages 3 to 18. To learn more or apply for a place for your child at one of our schools, go to Logo - View original content to download multimedia: SOURCE Nord Anglia Education Sign in to access your portfolio

Intel (INTC) Gets $21 PT as Analysts Weigh Trump Administration Stake Talks
Intel (INTC) Gets $21 PT as Analysts Weigh Trump Administration Stake Talks

Yahoo

time16 minutes ago

  • Yahoo

Intel (INTC) Gets $21 PT as Analysts Weigh Trump Administration Stake Talks

Intel Corporation (NASDAQ:INTC) is one of the . On August 15, Bernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating on the stock with a $21.00 price target. The rating affirmation follows news from Bloomberg that the Trump administration is discussing taking up a stake in Intel. The reported talks stemmed from Intel CEO Lip-Bu Tan's meeting with Trump earlier in the week, with the proposed funding intended to speed up Intel's Ohio efforts. Bernstein believes that the hope trade on Intel is back, but investors will have to wait around and see whether 'Trump Can Make Intel Great Again'. A portrait of a financial analyst, intently reviewing a graph of an index of equity securities on their laptop. 'Yesterday just before the close, Bloomberg reported that the Trump administration was discussing taking a stake in Intel . The article suggested the plans stemmed from Intel CEO Lip-Bu Tan's meeting with Trump earlier this week , with funding supposedly to help shore up Intel's Ohio efforts (currently paused). Bloomberg also indicated that no decisions have been made yet, and that talks could end with no agreement. Both Intel and the administration have at this point supposedly declined comment. Overall though the hope trade on Intel is probably back (for now) as investors wait to see if Trump can Make Intel Great Again (though there is, as always, huge uncertainty around anything this administration does, and we are still not hugely tempted to get involved…). We rate Intel Market-Perform, $21 PT.' Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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