DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business. With a pre-tax loss before exceptional items of £9m (2016: £500,000 loss) and a cash call for £4m from investors to allow it to deliver its vision for the reborn group, its clear there’s no time to dawdle. Under CEO Lloyd Dunn, DX is placing its hopes for a comeback on empowering its managers, expanding its network and separating its freight […]
Connect Group has completed its takeover of Tuffnells Parcels Express, with the deal first revealed last month.
UK Mail saw its profit tumble by more than 80% in the six months ending 30 September 2015, after its relocation to a new hub and “teething issues” with the facility’s technology.