Digital pensions platform Penfold raises $8.5M Series A led by Bridford Group
source link: https://finance.yahoo.com/news/digital-pensions-platform-penfold-raises-080059094.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Digital pensions platform Penfold raises $8.5M Series A led by Bridford Group
S&P 500
4,280.15+72.88(+1.73%)Dow 30
33,761.05+424.38(+1.27%)Nasdaq
13,047.19+267.27(+2.09%)Russell 2000
2,016.62+41.36(+2.09%)Crude Oil
91.88-2.46(-2.61%)- 1,818.90+11.70(+0.65%)
Silver
20.83+0.49(+2.39%)EUR/USD
1.0257-0.0068(-0.66%)10-Yr Bond
2.8490-0.0390(-1.35%)GBP/USD
1.2139-0.0064(-0.52%)USD/JPY
133.4800+0.4810(+0.36%)BTC-USD
24,457.03+261.61(+1.08%)CMC Crypto 200
574.64+3.36(+0.59%)FTSE 100
7,500.89+34.98(+0.47%)Nikkei 225
28,546.98+727.65(+2.62%)
Digital pensions platform Penfold raises $8.5M Series A led by Bridford Group
Penfold, a digital pensions platform, has closed a £7m ($8.49m) Series A funding round led by Bridford Group, an investment group.
Also participating in the round was Jeremy Coller, Chief Investment Officer and Chairman of Coller Capital. Penfold also raised additional funding via a crowdfund amongst its customer base. The cash will be used to expand Penfold’s workplace pension division.
Chris Eastwood, Co-Founder at Penfold, commented (in a statement): “It’s been a big year for Penfold - from launching our workplace pension offering, to reaching £100m AUA.”
Bridford Group, lead investor, commented: “The pensions industry represents a huge market - with £8trn in savings in the UK alone. Despite this, many people remain uninterested and unengaged in their pensions. With so many people not saving enough, there’s a real opportunity for a new provider to step in.”
- MoneyWise
How can I generate some steady income in this volatile market? Here are 3 top-rated stocks yielding up to 7.5% (with fat upside to boot)
The market is unstable. Your portfolio doesn’t need to be.
9h ago - Motley Fool
3 Semiconductor Stocks That Could Help Set You Up for Life
Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
7h ago - TheStreet.com
Mr. Big Short Issues a Dire Warning About the Economy
Michael Burry, who bet on the collapse of subprime mortgages ahead of the 2008 financial crisis, is worried about the economy.
2h ago - MarketWatch
Good news for retirees and retirement savers — inflation may be working in your favor
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up.
7h ago - Fortune
Outgoing Whole Foods CEO says young people ‘don’t seem like they want to work’ and thinks ‘socialists are taking over’
John Mackey is bowing out in the battle between CEOs and a new generation entering the workforce, but as he told "Reason," he’s not leaving silently.
2d ago - Fortune
The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street
On Friday, five of China's biggest state firms announced their exit from Wall Street. More delistings could be on the way as Washington and Beijing remained embroiled in a dispute over audit rules for U.S.-listed Chinese companies.
21h ago - MoneyWise
Kevin O'Leary says these are the best assets to own as inflation stays white hot
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
1d ago - TheStreet.com
Billionaire George Soros Bets on Musk's Tesla and Ford
The famous billionaire investor is betting on Tesla and Ford, two of the contenders for the throne in the market of electric vehicles.
35m ago - TheStreet.com
Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax
The entrepreneur Mark Cuban just took a stand in a debate that's hotly controversial in business circles and Congress.
2d ago - TheStreet.com
Johnson & Johnson Stock: Here's the Level to Buy, and It's a Steal
Johnson & Johnson stock is hitting its lowest level since March. Here's where it's a steal of a deal.
1d ago - TipRanks
Morgan Stanley Bullish on These 2 Stocks for at Least 40% Upside; Here’s Why
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
1d ago - MoneyWise
‘The economy is very weak’: Here's why Cathie Wood believes the Fed will actually cut rates in 2023 — plus 3 stocks she likes right now to capitalize
The super investor sees softness. But is sticking to her guns.
1d ago - MarketWatch
It’s a Tom Jones rally but it may be overbought, say analysts
The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The good news for bulls is that this is a Tom Jones rally, as in his famous song: “It’s not unusual.” Specifically, there is nothing superlative about the market’s, notably the Nasdaq’s, resurgence off its mid-June trough, suggests Bespoke Investment Group.
1d ago - The Telegraph
Blow for Germany as Rhine falls below critical water level
Western sanctions have ‘limited impact’ on Putin regime, warns International Energy Agency GDP fell by 0.1pc in second quarter, first decline since early 2021 FTSE 100 adds 0.5pc Ambrose Evans-Pritchard: The next PM should not be bounced into stupid energy policies by this mood of near hysteria Sign up here for our daily business briefing newsletter
1d ago - Yahoo Finance Video
Stocks to watch in after hours: Peloton, Apple, DraftKings, Bed Bath & Beyond
These are the top trending tickers on Yahoo Finance after-hours on Aug. 12.
23h ago - Simply Wall St.
Analysts Just Made A Major Revision To Their Lucid Group, Inc. (NASDAQ:LCID) Revenue Forecasts
The latest analyst coverage could presage a bad day for Lucid Group, Inc. ( NASDAQ:LCID ), with the analysts making...
8h ago - Insider Monkey
11 Best Falling Stocks To Buy Now
In this article, we talk about 11 best falling stocks to buy now. If you wish to skip our detailed analysis of the latest market situation, go directly to 5 Best Falling Stocks To Buy Now. After a brutal 2022 which saw the S&P500 shed more than 21% in the first half of the year, Q2 […]
1d ago - TheStreet.com
Royal Investing: 3 High Yield Dividend Aristocrats
Where can you find extremely high-quality dividend stocks with high yields? Starting with this list of Dividend Aristocrats and narrowing it down to the higher-yielding ones can produce truly great dividend stocks. Below, we'll take a look at the three highest yielding Dividend Aristocrats now.
9h ago - Barrons.com
Don’t Give Up on the Chip Makers. These 9 Stocks Look Cheap.
Profit warnings from Nvidia and Micron have sent a chill through chip stocks, but the long-term opportunity is still intact.
1d ago - CNW Group
SNDL Reports Second Quarter 2022 Financial and Operational Results
SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2022. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. All results for the second quarter of 2021 exclude the subsequent acquisitions of Inner Spirit Holdings ("Spiritleaf") and Alcanna Inc. ("Alcanna"), which closed on July 20, 2021, and March 31, 2022, respectively.
22h ago - Motley Fool
2 High Yield Energy Stocks You Can Hold for the Rest of Your Life
Strong crude oil prices have once again brought investors' attention to energy stocks that have long been underperforming. The West Texas Intermediate crude oil price has largely been above $90 per barrel since the beginning of March. Here are two stocks that have delivered solid dividend growth consistently over the years, irrespective of oil prices.
11h ago - Barrons.com
Tesla Readies a 3-for-1 Stock Split for Aug. 24
Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of what it used to be.
21h ago - Motley Fool
Is Soaring Invitae Stock a Smart Buy Now?
Shares of Invitae (NYSE: NVTA) recently shot up like a rocket in response to a second-quarter earnings call that was a lot more positive than expected. Bringing comprehensive genetic information into mainstream medicine could make Invitae a top performer in the years ahead. Let's look a little closer at the company's performance this year to see if it's a smart stock to buy now and hold for the long run.
10h ago - SmartAsset
Ask An Advisor: Where's The Best Place to Stash Short-Term Savings?
I'm holding $300,000 in cash that I plan to put into a new home. With the market as it is, I'm putting off that purchase for six to nine months. I'm 66 years old, single and plan to retire within … Continue reading → The post Ask An Advisor: Where Should I Stash Short-Term Savings? appeared first on SmartAsset Blog.
1d ago - Insider Monkey
10 EV Stocks that Will Benefit from Climate Change Bill 2022
In this article, we will discuss 10 EV stocks that will benefit from the Climate Change Bill 2022. If you want to skip reading about the details of the bill, go directly to 5 EV Stocks that Will Benefit from Climate Change Bill 2022. On August 7, the U.S. Senate approved a comprehensive $430 billion […]
1d ago - SmartAsset
Ask An Advisor: I Live on Social Security and Food Stamps. Can I Protect My Investments in a Down Market?
I'm retired and living on Social Security and food stamps. I have all my money in two conservative retirement accounts. I cannot contribute any money to them. I plan on taking distributions in five years. What's the best course of … Continue reading → The post Ask An Advisor: I Live on Social Security and Food Stamps. Can I Protect My Investments in a Down Market? appeared first on SmartAsset Blog.
1d ago - Motley Fool
Nasdaq Bear Market: 5 Brilliant Growth Stocks You'll Regret Not Buying on the Dip
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
10h ago - Motley Fool
4 Red Flags for Upstart Holdings' Future
Upstart Holdings' (NASDAQ: UPST) stock price tumbled 12% on Aug. 9 after the online lending company posted its second-quarter earnings report. Instead, it acts as an intermediary for its lending partners, which then fund the actual loans and pay Upstart fees for accessing its platform.
8h ago - TipRanks
IEA Raises Oil Demand Estimate for 2022; Here Are 2 Energy Stocks That Stand to Benefit
We’ve all seen the headlines lately, about Russia cutting back its natural gas exports to Germany – and to Western Europe generally. The cuts come in response to Western sanctions over the Ukraine war, but the result is a scramble in Germany to find alternative fuels sources. The continent is coping with a record heatwave, and the cold winter months are not so far away. The upshot is that the International Energy Agency (IEA) has bumped up its estimates for oil demand by 22%, increasing the 2022
1d ago - SmartAsset
This Bill Could Delay Your RMDs in Retirement. Is That a Good Thing?
A bill is headed for consideration by the full Senate that would move the age at which you have to start drawing down your retirement plan savings to 75. The House of Representatives passed a similar measure, so sponsors are … Continue reading → The post You're One Step Closer to Being Able to Delay Your RMDs in Retirement appeared first on SmartAsset Blog.
1d ago - Investor's Business Daily
Personal Taxes Vanished From Inflation Reduction Bill
The Inflation Reduction Act, which awaits a House vote, has few if any of the taxes on individuals that Democrats originally called for.
20h ago - Barrons.com
Bye-Bye, Bear Market. For Now, Signs Point to More Buying.
After a 3.3% weekly gain, the S&P 500 is down just 10% for the year. Stocks could keep rising if the Fed shows restraint from here.
18h ago - Barrons.com
6 Stocks to Play the Push for Renewable Energy
The U.S. climate bill, along with a parallel initiative in Europe, could reshape global energy. Plug Power, Sunrun, and other companies could make the most of the new opportunities in renewables.
22h ago - Investopedia
Retirement Planning Tips in Your Mid-60s and Beyond
Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.
1d ago - MarketWatch
Tesla and Ford attract new investments from George Soros’s fund
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in Lucid Group Inc. and Nio Inc., according to a filing late Friday.
7h ago - Barrons.com
At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.
New drugs from Eli Lilly and Novo Nordisk have shown striking results in studies. If insurers step up to back them, the drugs—and the stocks—could take off.
19h ago - Yahoo Finance Video
The market rally could be 'just enthusiasm' as inflation continues hitting consumers: Strategist
Julie Biel, Kayne Anderson Rudnick Portfolio Manager and Senior Research Analyst, and Kevin Nicholson, RiverFront Investment Group Global Fixed Income CIO, sit down with Yahoo Finance Live to talk about inflation's impact on consumers, market rally trends, the outlook of the travel industry, and defensive sectors.
23h ago - Simply Wall St.
PayPal Holdings' (NASDAQ:PYPL) Earnings Are Better Than They Appear
After a full year of subpar performance, where the stock lost over 75% of its value, PayPal is finally turning around following 2 quarters of solid performance. With the focus on improving the margin and almost 10% of the current market cap in authorized stock buybacks, it seems that the company finally bought some peace of mind.
6h ago - MoneyWise
With interest rates rising, is locking money in a CD finally worth it in 2022?
Certificates of deposit have been paying very low rates for years, but that is changing.
1d ago - Investor's Business Daily
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?
Here's another cold, hard truth that many proponents of penny stocks don't tell you: Many low-priced shares stay low for a very long time.
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK