Computer giant very HP with Q1 profits

The world's second-biggest maker of computers, Hewlett Packard, has reported first quarter profits of $936m (€740m), up 30% on a year earlier, after sales of PCs increased by 20% in three months ending January 31.

The company has estimated that second quarter sales will rise to $19.2bn (€15.1m), which is towards the top end of market estimates.