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’s turnaround plan, which was backed by investors to the tune of £4.76m in May, remains on course with the embattled operator set to trim losses in its current financial year.
DX Group is being investigated by City of London Police, after an allegation was made against its Exchange business on 7 June.
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.