Legal & General joins growing list of investors concerned about food delivery firm’s treatment of workers
The UK’s biggest fund manager is expected to shun Deliveroo’s upcoming stock market float, along with a growing number of other investors, due to concerns about the food delivery company’s treatment of workers – which one described as a “ticking bomb”.
Legal & General said on Thursday it was “unlikely” to participate, while the Montreal-based BMO Global Asset Management and CCLA, which invests for churches and charities, said they would not be buying shares when Deliveroo lists on the London Stock Exchange, and that the company’s labour practices were an important factor informing their decisions.