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In 2015, leaked documents showed Pinterest was forecasting around $169 million in revenue, as well as a forecast of $2.8 billion in annual revenue in 2018.
"The Office for Budget Responsibility is forecasting around 0.6% GDP growth a quarter, so that is our official forecast, but clearly the UK is going to be affected by what's going on in our biggest export market," Mr Osborne said.
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Forecasts were around £405m.
Profits rose by 10.1% to £191m, better than forecasts of around £181m.
Householders have been warned the emergency is not over, with a second high tide forecast for around 1pm.
Overall the FTSE 100 is currently up 44.62 points at 6863.91, compared to a futures forecast of around 81 points.
We lower our earnings per share forecasts by around 20% and our fair value from 285p to 210p.
Expansion in neighbouring countries, mainly Germany, is now stoking Polish growth, forecast at around 4% this year and next.But Poland also entered the crisis in sound shape.
Panmure Gordon said: The net effect [of the update] is we downgrade our 2013 pretax profit forecast by around 4% to £47.5m.
Elsewhere home shopping group N Brown slipped 5.4p to 366p on profit taking after it said it would meet full year profit forecasts of around £97m.
Overall sales were up by 0.4%, below City forecasts of around 4%. Wolfson said increasing competition online – in terms of delivery options and discounting – and poor product availability had also hit performance.
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