Steel & Tube faces 29 court charges for misleading claims over its steel mesh
By Tina Morrison June 7 (BusinessDesk) - Steel & Tube Holdings is facing 29 court charges of making false and misleading representations about its steel mesh product SE62. The Commerce Commission filed the charges in the Auckland District Court under the Fair Trading Act, r...
NZX board doesn't support election of Falkenstein as a director, Miller says
By Tina Morrison June 2 (BusinessDesk) - NZX's board told shareholders it doesn't support the election of Tony Falkenstein as one of its directors at its annual meeting later this month, saying it doesn't believe he would add sufficient additional skills, depth or experience t...
Vital Healthcare buys Sydney hospital, land for A$23.5 million
By Tina Morrison June 1 (BusinessDesk) - Vital Healthcare Property Trust bought a rehabilitation hospital and adjacent land in Sydney for A$23.5 million, continuing its expansion of healthcare properties. The Auckland-based company bought Hirondelle Private Hospital, a reha...
Restaurant Brands first-quarter sales jump 67% on overseas expansion
By Tina Morrison June 1 (BusinessDesk) - Restaurant Brands New Zealand boosted first-quarter sales by 67 percent after the fast-food operator expanded to Australia, Hawaii, Guam and Saipan. The Auckland-based company said sales increased to $161.2 million in the 12 weeks en...
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