News roundup—3rd September 2008

News roundup—3rd September 2008

Another courier business has gone into administration:
Business Direct Group. But fellow courier firm DX
Group has acquired two of Business Direct’s three
divisions: In-Night, which operates a network of secure
drop-boxes for parcel delivery, and PX Worldwide Licensing, which
licenses secure delivery technology. The news comes less than two
weeks after the parent company of parcel delivery firm
Amtrak went into administration for the second time in two

Adili, a web cataloguer of ethical fashion, is issuing new shares to its largest
shareholder, Hawk Investments Holdings, in part to help it get
its proprietary clothing label off the ground. Adili also
reported that first-quarter revenues for fiscal 2008 were more
than double those of last year’s.

Electricals retailer DSG International, the parent
company of PC World, Dixons and Currys, posted a
7 per cent drop in like-for-like sales for the 16 weeks to 23rd
August. Internet sales rose 6 per cent, however. The Guardian quotes an analyst as saying,
“Overall this is a pretty dire trading update that
highlights how tough things are out there, and ahead of the
peak Christmas trading season”.


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