China’s leading search engine company Baidu has reported a sharp increase in profits but warned revenue would be hit by moving to a new advertising system. The warning sent the firm’s shares more than 10% lower in after-hours trading in New York. Net income between July and

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Vestas, the world’s largest wind turbine maker, has reported a big jump in quarterly profits after increasing deliveries of turbines. Net profit for July to September came in at 165m euros ($246m; £150m), up 70% on the 97m euros recorded a year ago. Revenue rose to 1.81bn euros from 1.76bn euros a year ago.

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