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 is being investigated by City of London Police, after an allegation was made against its Exchange business on 7 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 announced a major new contract with Avon UK a week after plummeting share prices prompted its largest shareholder to call for the removal of two board members.