The CEO and financial director of DX Group have stepped down with immediate effect after what the business described as an “exceptionally difficult year”. Petar Cvetkovic and Daljit Basi are leaving the board and the company, with restructuring specialist James Hayward stepping in as chief financial officer. While the financial results for the year ended 30 June aren’t expected to be announced until September, the group has predicted turnover of £292m (2016: £288m) and profit before tax to be “in line […]
DX Group has appointed a new chief financial officer after his predecessor left the business amid a flurry of resignations at the embattled operator last year.
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.
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.