DX Group has declared it is on the road to recovery, after trimming its annual loss by more than £60m. Releasing its results for the year to 30 June 2018, the company made a loss after exceptional items of £19.9m compared with a loss of £82.3m in the same period a year ago. Turnover was up slightly at £299.5m (£2017: £291.9m). As confirmed in a trading statement in July, the company’s debt position was better than previously anticipated following a […]
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
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.
AKW Group saw its annual pre-tax profit climb by more than 60%, despite a £600,000 write off, after it delivered better-than-expected sales at its transport, warehousing and contract packaging businesses.