DX Group is set to edge back into the black with new work and operational efficiencies helping efforts to turn the loss-making business around. In a pre-close trading update for the year to 30 June 2019, the company said that its results “are expected to be in line with market forecasts, with DX moving back into profitability”. The statement added that the company had generated £3.2m of earnings before interest, tax and depreciation (EBITDA), compared to an EBITDA loss of […]
Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.
The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder.
Nightfreight has been acquired by DX Group in an undisclosed cash deal that creates a mail, courier and distribution business with a combined turnover of approximately £290m. As part of the acquisition former City Link MD Stuart Godman will join the combined managerial board as chief operating officer. His former Target Express and City Link colleague, DX chief executive Petar Cvetkovic, remains in his current role while Nightfreight chief executive Ian Smith becomes DX strategy director. Cvetkovic says the acquisition […]