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 has declared it is on the road to recovery, after trimming its annual loss by more than £60m.
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 has taken another significant step on the road to its rehabilitation, its CFO David Mulligan told motortransport.co.uk today (5 March).