eBay does roaring trade in Europe

Online marketplace eBay last night reported a 23 per cent leap in quarterly revenues to $3.4bn (£2.2bn), topping forecasts and blowing away fears that tepid consumer sentiment in Europe would damage the firm’s sales. Profits climbed 16 per cent to $730m and eBay boasted of “strong growth” in Europe and Asia Pacific. Paypal, the firm’s internet payment system, grew its revenues by 26 per cent on last year.