28 Jan 2015

Business Briefs

1:42 pm on 28 January 2015

BurgerFuel expands in UAE

BurgerFuel has opened its 13th restaurant in the United Arab Emirates.

The fast food operator said the new store was located in the heart of residential Dubai.

The company said it would open more stores this year.

Rule change for A2 Milk Company

Shareholders in the A2 Milk Company have approved a change to the company's construction covering New Zealand-based directors.

The change allows a reduction in the minimum number of directors who must be normally resident in New Zealand from three to two, in line with the NZX's listing rules.

A2 said that gave the company more flexibility to appoint directors with the skills and experience it needed to run the business.

Results for British economy

The British economy grew by 2.6 percent last year, the fastest pace since 2007.

Official figures showed the economy grew by half a percent in the final three months of 2014, a slowdown from the previous quarter.

Economists are mixed over whether the loss of momentum in the final quarter might be temporary or prolonged.