Ethical fund to sell shares in Australian firm CTM over concerns it profits from asylum seeker detentions in UK

Brisbane-based company oversees UK's floating barges that are to accommodate asylum seekers and which have drawn protests and raised concerns

An ethical fund manager will sell its stake in Corporate Travel Management over concerns the burgeoning Brisbane-headquartered company is profiting from the mandatory detention of asylum seekers in the UK.

CTM gained recent prominence after securing a A$3bn (1.6bn) contract overseeing the UK's new asylum accommodation ships, including a 222-cabin barge moored in the port of Portland, Dorset.