Shares in online dating agency Cupid (CUP) slumped after a blogger attacked its business model. Cupid's bosses say they know of "no material reason for the movement", and confirm that the group is trading in line with expectations.
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The price is always likely to be volatile as there is a small free float in the shares. Brokers Numis and Peel Hunt, who both advise Cupid, remain confident and reiterated their 'buy' advice. Ivor Jones, an analyst at broker Numis, said: "If the data in the blog was correct, Cupid would have had to issue a profit warning. The opposite has happened."
Cupid will report full-year results on 5 March and the statement said the company is co-operating fully with a radio programme on online dating.
