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 […]
DX, which listed on AIM in February, has said that the focus for the next three years will be the turnaround of the former Nightfreight business, which is now called DX Freight.
DX Group sales and marketing director Paul Doble has warned that online retailers are in danger of overwhelming capacity on their distribution networks in the run up to Christmas. Financial services firm Experian has predicted a 36% rise in online retail visits today and Doble said retailers should re-assess their delivery capabilities. Carriers are offering collection two working days before Christmas. TNT Express, DPD, FedEx, Hermes and UK Mail all said that 21 December is the last day they can […]