Cupid on target; looking to add more strings to bow

Customers in Europe and the US are all loved up, thanks to the expansion to those territories of online dating service Cupid.

The group said it has has seen rapid growth in the popularity of its products, in particular within the new markets of the US and Europe, and is consequently confident that it will meet current full year market expectations.

The firm is, appropriately, giving the eye to a number of potential partners as it seeks to add more strings to its bow but these acquisition opportunities are still in the courtship stage.

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"The online dating space globally remains a growing market in which to do business with the increasing prevalence of smartphones and social networking sites offering new ways to interact socially. Cupid is already investing in the creation of some exciting new products to enhance its presence in this social and mobile environment. We will update further on this in Q4 [fourth quarter] 2012."

The share price rose 0.75% to 201.50p by 12:51.

NR