Restaurant Brands on NZX-50

Restaurant Brands is moving up to the sharemarket's Top 50 index, replacing Tenon.

At a quarterly review of the NZX-50, wood products specialist Tenon slipped to 56th in ranking, by free float market capitalisation.

Tenon will now go to the NZX small cap index. Restaurants Brands - which operates Pizza Hut, Starbucks and KFC in New Zealand - returns to the NZX in 48th place, after falling off the index last October.