Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum. London-based Gnewt Cargo runs 100 electric vehicles in the city, and Menzies said the acquisition will support its drive to build a neutral, UK-wide parcel consolidation service while boosting its green portfolio. Menzies MD Greg Michael added it would give the operator a “stronger, cleaner presence in the London market”. A spokesman for Menzies told MT the Gnewt Cargo name would remain in place, as […]
DX Group has announced a major new contract with Avon UK a week after plummeting share prices prompted its largest shareholder to call for the removal of two board members.
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 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%.