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.
DX (Group)
47.40p
16:55 26/01/24
0.00%
0.00p
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
n/a
Industrial Transportation
4,480.07
15:44 15/11/24
-0.46%
-20.63
“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.