DX beat analyst forecasts to deliver strong annual trading results, with a statutory pre-tax profit of £10.6m on a £382.1m turnover. The group has also announced a £20m-£25m capital investment programme in the business over the next three years. For the year ending 3 July 2021, the parcel firm’s freight division primarily drove the increase, which marked the group’s first statutory annual profit since chief executive Lloyd Dunn and chairman Ron Series joined the business and enacted a turnaround plan. […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
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.
Parcel carrier Yodel has reduced its carbon emissions by 25% after investing £17m in its fleet and technology.