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 said that the shortage of skilled HGV drivers continues to affect its profitability as it continues to address its performance following a profit warning in November.
DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.