STOCK WATCH

DELIVERY firm DX faced more problems yesterday after encountering a major error in its accounts.

The company said that its previously quoted profits for the year ended June 30 will be hit by £1.8m due to the incorrect application of accounting policies on one of its leases.

Under correct accounting practices the £1.8m will be credited back to DX over the remaining ten-year term of the lease.

Yesterday its shares fell 14.2pc, or 1.08p, to 6.58p.