Thus - the Glasgow-based alternative telco that's behind the Demon ISP - has turned cash flow positive, three months ahead of market expectations.

Describing it as an "important milestone in the development of the business", Thus has confirmed it will be cash flow positive for the second half of the current financial year.

"Thus believes that it is the first UK alternative telecommunication operator to have achieved this goal on a sustainable basis," said the company in a statement.

The company is also confident that the business is on a "steady trajectory" to deliver positive operating profit in the second half of the next financial.

Shares in Thus were up 0.5p (1.4 per cent) at 36.25p by mid morning. ®