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%. Gatemore Capital Management has upped its shareholding in the company from 11% to 21% in a bid to strengthen its position against the proposed deal and DX’s management team. DX froze its shares on the AIM on 30 March after announcing it was in talks to buy Menzies, a move which Gatemore described as […]
Cambridgeshire transport and storage provider Knowles Transport managed to generate an 11.4% pre-tax profit margin in the year to the end of December 2013 despite a sharp drop in turnover, figures logged recently at Companies House have shown.
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.