Gold Digger: UK judge shuts down Venezuelan attempt to access gold reserves

Venezuelan President Nicolas Maduro might be a tad bit miffed after a British judge refused to hand control over of more than $US1bn ($1.45bn) in gold stored in London. The court said giving Maduro control over the gold was unlawful as the UK recognised opposition…

Kick Back: The 10 biggest stories you might have missed on Stockhead this week

This might seem like a scene out of a horror movie, but this is how children living in Siberia get their vitamin D. Labelled a “make-believe summer”, kindergarten-aged children are exposed to ultraviolet light for a minute or two to get their required dose of…

Weekly ASX small cap wrap: Who’s trying to turn seat warming into an ‘as-a-service’ feature?

The ‘as-a-service’ trend continues apace and German premium car manufacturer BMW seems determined to bring this model to its vehicles. BMW plans to apply this model to features such as heated seats, allowing owners to try out the features before committing for one or three…

All-female team managing $500 million drops Morgan Stanley for Sanctuary Wealth

Bowersock Capital Partners, a six-woman adviser team managing $500 million in client assets, is leaving Morgan Stanley to join Sanctuary Wealth’s independent adviser platform.  The advisory firm is the first Morgan Stanley team Sanctuary has picked up this year and the third breakaway adviser to…

401(k) lawsuit costs Fidelity $28.5 million

Fidelity Investments is settling a lawsuit involving its own 401(k) plan for $28.5 million, according to court records filed Thursday. The settlement resolves a class-action case brought in 2018 that alleged the firm breached its fiduciary responsibility to plan participants by including its own products…