Seven European pension schemes ditch Ryanair stock
Seven European pension schemes overseeing nearly E300b of assets have pulled their investments in Ryanair due to concerns about high-profile labour disputes involving the airline. Denmark’s largest pension fund, ATP, and Folksam, the Swedish retirement scheme, are among the large investors that have sold their holdings in Ryanair at a time of growing concern about how the airline pays its staff and interacts with unions. Baillie Gifford, one of the UK’s largest asset managers, and Hermes EOS, the influential adviser to institutional investors, have also raised concerns about labour issues with Ryanair in recent months. CE Michael O’Leary described the pension funds that have sold their holdings as “idiots”, adding: “They are misinformed. We don’t have any labour issues." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-08/unaligned/seven-european-pension-schemes-ditch-ryanair-stock
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Seven European pension schemes ditch Ryanair stock
Seven European pension schemes overseeing nearly E300b of assets have pulled their investments in Ryanair due to concerns about high-profile labour disputes involving the airline. Denmark’s largest pension fund, ATP, and Folksam, the Swedish retirement scheme, are among the large investors that have sold their holdings in Ryanair at a time of growing concern about how the airline pays its staff and interacts with unions. Baillie Gifford, one of the UK’s largest asset managers, and Hermes EOS, the influential adviser to institutional investors, have also raised concerns about labour issues with Ryanair in recent months. CE Michael O’Leary described the pension funds that have sold their holdings as “idiots”, adding: “They are misinformed. We don’t have any labour issues." <br/>
