Aviva Investors cites lack of basic workers’ rights as ‘investment risk’ ahead of flotation
One of the UK’s top fund managers has revealed it will not invest in meal delivery firm Deliveroo when it floats on the stock market in early April, partly because of the way the company treats its workers.
David Cumming, chief investment officer for equities at Aviva Investors, part of the UK’s largest insurance company, said there is a “combination of investment risk and social issues that affect our judgement whether the shares are a buy or not”.
