Bussiness
Calnex Solutions falls into the red but expects to return to growth
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. Calnex Solutions, the telecoms, cloud computing and data centre testing firm, has fallen into the red
Tommy Cook, the chief executive of Calnex Solutions, expects a return to growth in the current financial year
PETER DEVLIN/CALNEX
The Aim-listed business booked a £384,000 pre-tax loss in the 12 months to March this year, compared with a £7.2 million profit in the 12 months to March 2023.
Revenue fell by 41 per cent to £16.3 million, with one of the main reasons being the deferral of spending by its telecoms customers. The company maintained its dividend at 0.93 pence per share.
Tommy Cook, the founder and chief executive, said he expected a return to growth in the current financial year.
2. Glasgow airport has introduced free one-hour parking so travellers
Autumn Nations Series: Scotland ‘found a way to win’ against Australia, says head coach Gregor Townsend
Sione Tuipulotu says Scotland were always ‘very confident’ of beating Wallabies
Five lodge & hot tub stays in Scotland this winter that won’t break the bank
Scotland 27-13 Australia: What the head coach said
Liverpool fans lose it as Andy Robertson gives away controversial penalty
Australia-born Sione Tuipulotu sets Scotland on way to victory over Wallabies
Why the world’s best chefs have gone to Scotland
Former department store on famous Scottish shopping street put on market
Scotland deliver show of strength to stall Australia’s resurgence
