YouGov has increased its pre-tax profits to £56millon in the 12 months ending in July.

The figures show demand for polling remains ahead of an election year with a rise in profit of more than 60% from last years £34.7m.

Revenues also increased to £258m, a rise of 17%, while shares jumped 20% on Tuesday, taking its value to more than £950m.

The data analytics and polling company saw new client wins in the UK and Europe, contributing to strong growth across the world, although a slowdown in the US tech sector brought down its performance in its largest market.

The company's near £275m planned acquisition of GfK's consumer panel business is expected to help its US strategy.

Chief executive Steve Hatch, who replaced co-founder Stephan Shakespeare in August this year after joining from Meta, commented in Forbes that "building on the momentum we saw in the first half of the year, YouGov has delivered another year of strong performance [last year] against a challenging macroeconomic backdrop.

"We have continued to invest for sustainable growth, in line with our strategy, while delivering further margin expansion and robust cash generation."

Hatch added that "demand for YouGov's products and services remains strong with continued new business momentum, high renewal rates and sticky customer relationships. As a result, we remain confident in the Group's prospects for [this year] and beyond, aiming to maintain the strong sales momentum seen over the past year."

FTSE 100

The UK's top share index, the FTSE 100, was down 13-points at 7,615 shortly after opening this morning.

Brent crude futures were up 0.41% this morning at $88.01 a barrel.

Companies reporting today

Pagegroup has a Q3 trading statement and Qinetiq has a Q2 trading statement.

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