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. The fundraising, which remains subject to shareholder approval, would fund the transformation and growth plans from the group’s new leadership team. DX said that if approved, it will put the money into growth initiatives including an expansion of its sales capabilities, building more depots and boosting its IT network. In a trading statement today […]
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
Lloyd Dunn has been appointed CEO of DX Group, which has secured £24m from investors to get the business back on track.
The logistics industry has welcomed the proposals in the Taylor review into self-employed workers as a sensible, half-way house that would provide those in the ‘gig economy’ more security while still affording businesses the flexibility they require.