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 has revealed the details of its expanded Ikea contract, alluded to in its half year results in March.
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%.
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”.