The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution. Gatemore Capital Managemen called for the meeting last month to try and have Bob Holt and non-executive director Paul Murray removed from the board and replaced with four new candidates. The move was prompted by a 90% fall in DX share price in the last two years, but Gatemore said it had withdrawn the request […]
The administration of Manchester construction haulier Digway was precipitated by Stobart Rail withholding £317,000 from the company after its new management discovered it had overpaid by hundreds of thousands of pounds.
Knights of Old has said it expects to “reap the benefits of larger economies of scale”, after a full year of trading incorporating its 2013 acquisition of AE Parker saw pre-tax profit and turnover rise.
DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post has been given the green light, after the UK competition authority closed its investigation into the deal.