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Comeback involves empowering managers, expanding network and separating freight and express arms
Embattled DX Group's new management team has said that its turn around strategy is gathering pace.
With a pre-tax loss before exceptional items of £9m (2016: £500,000 loss) and a cash call for £4m from investors to allow it to deliver its vision for the reborn group, it is clear there is no time to dawdle.
Under CEO Lloyd Dunn, DX is pinning its hopes for a comeback on empowering its managers, expanding its network and separating its freight and express businesses, the antithesis of the OneDx integration championed by the executive team ousted last year.
So strongly does Dunn and his new team feel about separating the business, returning it to something akin to when DX, the mail, courier and network logistics firm, purchased Night freight in 2014, that the majority of £5.1m of exceptional items in...