Gamble of the week: Royal Mail’s plucky rival

The privatisation of Royal Mail continues to take up a lot of column inches. But meanwhile, this smaller rival – the country’s largest independent postal operator – is quietly getting on with making money.

The business has been around since 1971 and up until 2009 was known as Business Post. It just announced a 28% jump in full-year pre-tax profits. Despite a strong run up in the share price over the last 18 months, I think it could be a good long-term bet.

You won’t see any of its posties pounding the streets. It works in partnership with Royal Mail, who [...]

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