DX Group has revealed its intention to sell shares via an initial public offering (IPO). The operator is scheduled to start trading on AIM from 27 February but the size of the share offer is yet to be determined. DX Group describes its growth strategy as including a combination of organic growth, efficiency improvements and the turnaround of DX Freight, formerly Nightfreight, which it acquired in 2012. DX Group CEO Petar Cvetkovic said: “We are delighted to announce our plans […]
DX has met with residents of a village who are protesting the proposed build of the parcel courier’s new super hub in Essington, Staffordshire.
The Identity and Passport Service (IPS) has renewed its passport delivery contract with DX Group. The firm will continue to provide secure delivery of UK passports, supporting documents and internal mail for the IPS, a contract it has held since 2004. Since the secure delivery contract began, the firm has reduced losses by 96% and investigation rates have fallen by 74%. It has also been recognised by the Home Office for helping it to save £3.2m in the 2011/12 financial […]
DX Group has announced a major new contract with Avon UK a week after plummeting share prices prompted its largest shareholder to call for the removal of two board members.