- Cyber security provider ECSC Group posted an annual loss and said it had performed worse than expected at the time of its IPO.

Operating losses sunk to £3.44m, compared to a loss of £0.63m a year earlier.

Corporate decision-making cycles had been longer than anticipated, chief executive Ian Mann said.

'This has delayed conversion of the sales pipeline,' Mann said.

'As a result, our revenues and profits have fallen short of the levels planned at the IPO.'

At 2:55pm: [LON:ECSC] ECSC Group Plc share price was -26p at 137.5p

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