eBay beats forecasts ahead of PayPal spin-off

Revenues rise by 7% in last quarter as online auction site prepares to separate from e-payments processer

Online auction site eBay has beaten analysts’ expectations in its last set of results before spinning off its PayPal payments division.

Net revenue rose 7% to $4.4bn (£2.8bn) for the three months to 30 June, while adjusted profits were 5% higher at $931m. That figure excludes a $786m charge related to the sale of eBay’s Enterprise unit for $925m, which was also announced on Thursday.

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Letter: Charles Ware’s boyish enthusiasm for all things Minor-related

Sometime in 1993, my beloved Morris Traveller was badly damaged and I took it to Charlie Ware‘s Morris Minor Centre in Bath: I wandered into the workshop and thence into a rather untidy (and oily) office where I was welcomed and asked all about my car, how long I had owned it, my maintenance schedule etc, by a middle-aged man who was clearly enormously enthused by all things Minor-related.

Rather belatedly, I realised I had actually met Charlie himself, an almost legendary figure to those of us who tasked ourselves with keeping these venerable vehicles on the road. Picking it up some weeks later, he talked again about how I had managed to keep the paint inside the chassis-boxes immaculate while the outside was in a bit of a state. It was a delight to find such boyish enthusiasm in one who spent his life surrounded by elderly vehicles and encouraged me to keep my own vehicle on the road – which I did for another 15 years.

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