Veritas shares up 21% after Mad Butcher launch

Veritas Investments, which completed its purchase and backdoor listing of the Mad Butcher yesterday, is looking to acquire additional businesses, possibly in the retail sector, says chairman Mark Darrow.

But he said the firm's "short-term responsibility" was growing the meat seller it bought for $40 million off Michael Morton, who acquired the business from founder Sir Peter Leitch in 2007.