Company News

Co-op Removes Barclays From Ethical Funds List

Barclays has been removed from the list of companies in which the ethical funds run by Co-operative Asset Management can invest because of concerns about the way the bank has been hit by the Libor scandal and its reliance on investment banking.

Other banks could also be excluded from the list used by the Co-op’s £750m range of sustainable funds, which are more selective about the type of stocks in which they invest than conventional funds. . .