Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track. Former Tuffnell’s chief executive Dunn has put £5m into the business in the form of a loan note. DX Group’s largest shareholder Gatemore Capital Management has put forward £11m, including the £2m unsecured loan that was announced last month, and Hargreaves Hale £7.5m, all in the form of loan notes. The loan notes can, subject to shareholder approval, […]
Increased volumes at Tuffnells Parcels Express and Pass My Parcel failed to offset falling newspaper and magazine sales in a recent trading update from Connect Group, which saw its turnover take a hit.
Connect Group has appointed the former CEO of an American logistics supplier as its new chief executive, after a troubling set of results for the group triggered the resignation of Mark Cashmore last month.
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.