DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017. The group issued a profit warning about the year’s results in February, and its CEO Petar Cvetkovic stepped down in June after an “exceptionally difficult year”. Though DX Group did see a 1% growth in turnover to £292m, the embattled company has now lost north of £160m in the last two years. The majority of the the pre-tax loss consists of an exceptional […]
FORS is reducing its annual subscription fee for members from next month in a move aimed at helping hauliers during the pandemic.
“We’ve had to right-size the business” – Simon Hobbs on a challenging first 10 months as Kinaxia chief executive
When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain.
The old saying that you make your own luck could easily have been written for distribution specialist Archbold Logistics.