Connect Group has revealed further details of the strategic review of its troubled Tuffnells business after announcing that CEO Jos Opdeweegh has stepped down. He will be replaced by new interim CEO John Bunting. The group has also published its preliminary results for the year ended 31 August 2019 which show Tuffnells sales of £164.6m were down by 6.4% resulting in an Adjusted Operating Loss of £14.1m, down by £9.1m. Overall group revenue was down 4.3% to £1,467.9m and profit […]
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
Connect Group has continued to enjoy growth in the first half of its trading year driven by its acquisition of Tuffnells Parcel Express in 2014.