The Propel Funeral share price is leaping higher in intraday trading. We look at the latest from the ASX death care services provider. The post Why the Propel Funeral (ASX:PFP) share price is leaping higher appeared first on The Motley Fool Australia.
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Two Propel-owned funeral homes pay penalties for alleged misleading local ownership claims
WT Howard Funeral Services and Coventry Funeral Homes, trading as Fitzgerald’s Funerals, have each paid $12,600 in penalties after the ACCC issued each of the businesses with an infringement notice for allegedly making a false and misleading representation about their ownership. This coincides with the release of an ACCC survey seeking further information about the experiences of consumers and businesses with the funeral services sector.
WT Howard promoted on its website that it was “proudly local and independently owned” while Coventry represented that “Fitzgeralds Funerals in Townsville North Queensland is locally owned and operated”, when in fact both WT Howard and Fitzgerald’s Funerals are owned by a publicly listed company, Propel Funeral Partners.