The Week: City News - Google profits rocket

Google has reported pre-tax profits up 41.6 per cent to $1.47 billion for the third quarter of 2007, well ahead of analyst expectations. Revenues were up by 57 per cent to $4.43 billion, prompting stock to break $650 per share. The company warned that future performance may not be as high as in the past, however, as it increases its investment in recruitment and research and development.