DX Group expects to have a market capitalisation of £200m when it begins trading on London’s AIM next week. The company expects to begin trading at 100 pence per share on Thursday 27 February under the DX ticker. DX said the proceeds of the IPO will be used to repay existing senior debt, shareholder loans and private equity, which will allow it to invest in its services. It also hopes the IPO will allow it to target a combination of […]
Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.
Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits.
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.