Devon Funds joins the fray, rules out DGL

Devon Funds joins the fray, rules out DGL
Simon Henry is facing a backlash for his comments. (Image: Supplied)
Dan Brunskill
Devon Funds Management has become the latest fund manager to rule out future investment in DGL Logistics after its chief executive made racist and sexist comments.Victoria Harris, a Portfolio Manager at Devon Funds, said the chemical processing and logistics company had been added to its excluded companies list.“I am appalled by DGL CEO Simon Henry’s racist and sexist comments regarding My Food Bag ambassador Nadia Lim,” she said in a statement.“We also do not want to be associated with any company or person th...

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
The firm bearing the brunt of public sector cutbacks
Markets Small Cap Wrap

The firm bearing the brunt of public sector cutbacks

Plus Being AI, takeover madness, and more.