Investment manager Artemis is to launch a new consumer brand-focused fund tomorrow, Friday 1 December.

UK retail investors pulled out £1.4bn from funds in September, according to the latest data from the Investment Association.

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%.