- Falanx Group, the global intelligence, security and cyber defence provider, said it remained on track to achieve profitability and positive cash flow in 2017-18.

Chief executive Stuart Bladen said: "We have successfully executed Phase One of our accelerated hiring programme in a highly competitive market.

"These highly prized new members of the team have joined us due to the progressive culture, opportunity and market leading environment we offer."

Chairman Mike Read added: "Falanx has started 2017 with another significant step up.

"The opening of our new high-capacity Security Operations Centre, a successful hiring program and extension of our business with several of our most important clients, points to us closing out our financial year on a high note and setting strong foundations for FY2017/18."

Falanx also announced the appointment of Jay Abbott as executive director; Cyber Defence and main board director with immediate effect.

At 9:24am: [LON:FLX] Falanx Group Plc share price was +0.13p at 6.38p

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