DX Group has appointed a new chief financial officer after his predecessor left the business amid a flurry of resignations at the embattled operator last year. David Mulligan will assume the role as CFO from 9 April. James Hayward, who has been acting CFO since July last year, will stay at DX for “a period” to hand over the role. Mulligan joins DX from model railway business Hornby, where he was credited with a business restructure and turnaround. He also […]
DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
Embattled DX Group’s turnaround plans have been backed by investors, who have approved the issuing of new shares amounting to £4.76m of fundraising for the firm.