DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service. DX said it will now use the profit from the sale of the division (terms of the acquisition have not been disclosed) to invest in its core B2B and B2C services. Petar Cvetkovic, CEO of DX, said: “Following the approach from ByBox, the sale presents an excellent opportunity for Business Direct to be owned […]
TNT UK made a pre-tax loss for the fourth year running in 2017, during a lengthened reporting period that brings the company in-line with parent company FedEx’s financial year.
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]