Financial Planners have supported the move by Aberdeen Standard Investments and Aviva Investors to shun Deliveroo’s flotation next month due to concerns over workers’ rights.

Due to stock market turmoil Investec Asset Management has dropped the global offer of 10% of its shares when it floats next week.

Ninety One plc and Ninety One Limited, the new names for Investec Asset Management, will float with a stock market valuation estimated at between £1.7bn and £2.2bn.

Platform and SIPP provider AJ Bell today reported pre-tax profits for the latest six-month period up 27% to £17.7m in its first results since floating in December.