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 sharemarket ends short week up 0.4%
Markets Market Close

NZ sharemarket ends short week up 0.4%

The S&P/NZX 50 Index closed at 12,902.19, up 57.6 points or 0.45%.

Graham Skellern 07 Feb 2025
Updated: Manawa shares sag with Contact deal odds
Finance

Updated: Manawa shares sag with Contact deal odds

Forsyth Barr analysts said chances are now 50/50. 

Pattrick Smellie 07 Feb 2025
Updated: Fletcher says no change to NZICC date
Markets

Updated: Fletcher says no change to NZICC date

Both SkyCity and Fletcher Building say they are not to blame for the NZICC delay.

Dileepa Fonseka 07 Feb 2025