STOCK WATCH

CYBER security firm Falanx Group rocketed after revealing it is on track to break even this financial year after securing several major contracts.

Falanx said its cyber business won a security contract worth more than £200,000 while its intelligence arm has secured deals with a US insurance firm and a drinks retailer.

Chief executive Stuart Bladen said: ‘The contracts provide us with confidence to reach operational break-even during the financial year.’ Shares rose 14pc, or 0.88p, to 7.12p.