Fonterra revenue hits $13.9B

As a result of higher milk prices, Fonterra's revenue of $13.9 billion for the first nine months of 2016/17 is up eight per cent on the same period last year. Making the announcement on Wednesday, chief executive officer Theo Spierings says the... Read More

Prices and profit up at Sanford

Fishing company Sanford Limited posted a 25 per cent increase in net profit after tax to $19.0m for the six months ended March 31, 2017, compared to the same period in the prior year. It's been achieved by raising the prices of higher value, non-commodity... Read More

Record Zespri sales, record dividend

The Zespri Board approved the intention to declare a 2017 final fully-imputed dividend of 17 cents per share, payable in August, bringing the total dividend to 25 cents a share.  The returns are based on outstanding returns for Gold kiwifruit,... Read More

Fairfax, NZME appeal blocked merger

Media companies Fairfax New Zealand and NZME are appealing the recent Commerce Commission decision blocking a bid to merge their businesses.The companies announced the decision this morning saying the commission had made errors with facts... Read More

New tax thresholds announced

The government has announced new tax thresholds that will save $10.77 a week for anyone earning more than $22,000 per annum. From April 1, 2018, the lowest tax bracket will be shifted from $14,000 per annum to $22,000 per annum, with a tax rate of 10.5... Read More

Budget 2017: Live

UPDATED: Finance Minister Steven Joyce says Budget 2017 will deliver for New Zealanders with significant investments in public services and infrastructure, and a Family Incomes Package that will help them get ahead. “Our economy is performing well... Read More

Long-term development partner sought

Tauranga City Council is seeking Expressions of Interest for a long-term development partner to deliver its Heart of the City objectives. The Heart of the City is a key strategic programme which involves TCC working in partnership with the private sector... Read More

Dairy, wood & wine exports up in April

More dairy, wood, and wine exports in April 2017 led to a goods trade surplus of $578 million, says Statistics New Zealand. International trade statistics senior manager Daria Kwon says because of this increase in April, New Zealand experienced the... Read More

Fonterra increases Farmgate Milk Price

Fonterra Co-operative Group has increased its 2016/17 forecast Farmgate Milk Price by 15 cents to $6.15 per kgMS. Chairman John Wilson says the increase announced on Wednesday reflects the strong fundamentals supporting global dairy markets, with world... Read More

Plan to boost tourism launches

A plan to increase tourism spendng in the Bay of Plenty to a billion dollar industry by 2028 was presented to Tauranga City Council's finance committee today. Tourism Bay of Plenty plans to increase the annual visitor spend from $901 million in... Read More



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Sunset along the Mount Beach. Photo: Wendy van der Vyver. Send us your photos from around the Bay of Plenty. photos@thesun.co.nz







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