DX Group hub planning application rejected

DX Group said on Wednesday that it is now considering its options after its planning application for a new central hub in the West Midlands was not approved.

“The board of DX will now consider its options, including an appeal against the decision, in consultation with its planning and property advisers.”

DX, a parcels, mail and logistics network operator, said a further announcement will be made in due course.

Back in May of last year, the company announced the proposed development of a major new hub, having reached agreement for the purchase of a 44-acre site in the West Midlands.

It said at the time that the site purchase was subject to planning consent.

At 1242 BST, DX shares were down 13.6% to 19.44p.