DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property. In a statement, the embattled operator said that during the preparation of its final result for the year ended 30 June 2017, it had “become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites”. “Following appropriate application of the policies, there will be a non-cash impact of £1.8m to […]
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
DX Group has had its revised planning application for a ‘super hub’ at Essington in the West Midlands rejected by the local council.
The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder.