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BUZZ-DX: Cash injection spurs rally

Reuters - UK Focus

** Parcels and delivery company DX Group +c16% & 3rd top gainer on FTSE AIM All share index after co agrees to 24 mln stg fundraising, names new CEO

** Fund raise will come from 16.3 mln stg to be issued to Gatemore and proposed directors and 7.7 mln stg to investment manager for Malborough Special Situation Fund

** Cash injection comes as group faces 1.8 mln stg hit after revealing accounting error (stock is down 49% YTD)

** Co has also been hit by collapse of its proposed union with John Menzies (LSE: MNZS.L - news) ' distribution unit via a reverse takeover deal after vocal opposition by a top DX shareholder