Google numbers beat forecasts

Shares in Google jumped to all-time highs after the internet search giant reported third quarter results that beat Wall Street expectations.

The company said revenues for the quarter to 30 September were $14.9 billion (££9.2bn), an increase of 12 per cent compared to the third quarter of 2012. Google’s segment revenues from the United Kingdom totaled $1.4bn.

The firm reported profits of just under $3bn for the three months, in results that analysts said were good although not spectacular.

After disappointing the market at its previous update, the latest figures restored investors’ faith and saw the share price push towards $1,000, although the stock fell back later.