DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”. The proposed deal, announced this morning, would see DX Group buy the distribution arm of Menzies for a cash consideration of £60m and the release of new DX shares. Trading of DX shares ceased at 7.30am until the deal is either confirmed or […]
DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.
DHL Supply Chain has extended its contract with electrical retailer Dixons Carphone, landing a new three-year deal worth £78m.
DX Group has said that the shortage of skilled HGV drivers continues to affect its profitability as it continues to address its performance following a profit warning in November.