Abrdn has agreed to sell its discretionary fund management business Abrdn Capital to LGT Wealth Management for £140m.

Platform and wealth manager Hargreaves Lansdown has launched three new ready-made portfolio funds that spread money across a range of global equities and bonds.

The number of fund managers committed to net zero by 2050 has doubled to 81% over the past year but only two in ten (22%) have concrete carbon reduction plans, according to a new report.

First half pre-tax profits at fund manager Jupiter have more than halved to £29.7m (2021 H1: £78.2m).