DX Group said it has successfully raised approximately £200.5m through selling shares on AIM this morning, following a 3% increase in turnover for the first six months of its current financial year. Shares began trading at 100 pence per share at 8am today (27 February), with interest from institutional and other investors. Chief executive officer Petar Cvetkovic said: “We are delighted to launch as a public company today, and are particularly pleased with the strong show of support from institutional […]
UK Mail Group’s depot closure programme will cost it approximately £2m as it looks to continue to cut costs. In a pre-close trading update for the year ended 31 March, UK Mail says the closure of four depots in the past 12 months will leave it with a low-cost and integrated network. It is left with a network of 50 depots as a result. The parcels giant also reveals a Q4 revenue increase of 14% year-on-year. However, when adjusting for […]
Commercial vehicle rental company Fraikin has made its biggest annual purchase of rental vehicles in a decade, with a three-phase order plan worth £13m for 2015 already underway.
Pre-tax profit at Fowler Welch rose 12.8% last year, as a result of improved vehicle efficiency, new business wins and volume growth from existing customers.