A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance. Gatemore Capital Management, which owns 11.3% of DX Group, has requested an EGM to discuss the removal of board chairman Bob Holt and non-executive director Paul Murray. It wants to see them replaced with four new board members, including Nightfreight co-founders Lloyd Dunn and Russell Black, and former Tuffnells CEO Ron Series. Gatemore said […]
Great Bear Distribution has appointed former Kuehne + Nagel senior vice-president for contract logistics, Glenn Lindfield, as chief executive. Lindfield, who will step down from his role as senior vice president for contract logistics for K+N North West Europe, will take on his new position from 1 February. He will take over management responsibility from the Chester-based 3PL’s founders, David Williams and Colin McDavid, who will continue to be involved in business strategy. Lindfield said: “I am delighted to have […]
The post and parcels industry has said the impending Royal Mail strike could force customers to rethink their delivery options as rival operators prepare for disruption to their final-mile deliveries.
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.