Odey Asset Management - including subsidiaries Brook Asset Management and Odey Wealth - is to close down following sex scandal accusations that engulfed its owner Crispin Odey earlier this year.

Wealth manager St James’s Place has temporarily suspended dealing in its £924m SJP Property unit trust and will cut the annual management charge for the time being by 0.15%.

Platform Transact has reported total Funds Under Direction for Q4 rose by nearly £5bn year on year to hit a record £54.9bn, according to figures released today by parent company Integrafin Holdings plc (IHP).

Fixed income funds saw outflows of £356m in August, the first outflows since October 2022.