Hello magazine saw its operating profit rise by 21.5 per cent last year, newly filed accounts at Companies House have revealed.

The weekly celebrity magazine, owned by Spanish company Hola, reported a £851,889 profit in 2008, compared to £701,016 in 2007.

Turnover increased by 3.3 per cent from £35.8m in 2007 to £36.9m last year.