Investors break up with Cupid

Online dating firm Cupid yesterday saw its share price plummet 14.75 per cent after it reported a widening loss of £7.36m last year. Cupid, which said claims it created user profiles to entice new users were unfounded, said 2013 had been an inflection point for the business which will now embark on a new three-year strategic plan. Revenue from continuing operations was flat at £26.6m, but the firm said it expects to turn a profit in 2015. Shares closed at 59.25p yesterday.