- Cyber security company investor Shearwater Group booked a deeper first-half loss after higher revenue was overshadowed by increased spending.

Pre-tax losses for the six months through September amounted to £3.2m, compared to losses of £1.5m on-year.

Portfolio companies generated a segment underlying EBITDA loss of £0.7m, which Shearwater said owed to investment in the new regions and product development.

'These position the group appropriately for future growth,' the company said.

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