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. In a trading update released today (18 July), the operator’s newly installed management led by CEO Lloyd Dunn, said the plan to get the business back on its feet was “progressing steadily”. “The directors expect the group to meet market expectations for the full year (to 30 June), […]
DX Group shareholders controlling almost a fifth of the company have signed a letter demanding the board terminates discussions with John Menzies about a proposed takeover, unless the deal is improved significantly.
DX Group has sold five of its properties and taken a loan from its biggest shareholder to pay back a bank loan.
DX Group has become the latest target of union GMB’s campaign against the ‘gig economy’.