UK's DX Group falls on rival's claim of accessing confidential competitor info

DX (Group)

13/02/2023 09:25

(Repeats with no changes to the text)
    ** Shares Of DX Group  DXDX.L  down as much as 10.9% to
26.5p
    ** British mail, courier and logistics firm gets claim from
rival Tuffnell Parcels Express on confidential competitor
information obtained by DX in the past
    ** DXDX says it will defend its position "robustly"
    ** Stock on track to log worst day since Oct. 19 
    ** Co had said its internal investigation found some
employees obtained competitor information in exchange of a
payment
    ** Delay in audits due to investigation had resulted in
shares being suspended from trading from Jan. 4, 2022 to Oct.
19, 2022 
    ** Liberum analysts in a note say "nothing has been revealed
that has not already been investigated by the group" 
    ** Up to last close, stock had risen ~9% YTD, paring all of
its 2022 losses
 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))