DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property. In a statement, the embattled operator said that during the preparation of its final result for the year ended 30 June 2017, it had “become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites”. “Following appropriate application of the policies, there will be a non-cash impact of £1.8m to […]
A 55% rise in turnover at Norbert Dentressangle’s UK group company Norbert Dentressangle Logistics was achieved last year as a result of cost reductions, new business and the first full year’s effect of the acquisition of TDG in October 2011.
Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum.