If Labour comes to power, it has promised to renationalise the country’s postie. It should leave well alone – the business is doing just fine as it is, says Max King.
ROYAL MAIL Share Price [ RMG ]
Royal Mail PLC is a leading of postal and delivery services in the UK. Its European parcels business is one of largest ground-based parcel delivery networks on the continent.
Royal Mail was founded as a national postal service on the orders of Henry VIII in 1516. Then it was called 'The King’s Posts' and required all towns to have a fresh horse available for anyone carrying mail from the Tudor Court.
It was taken out of public ownership and floated on the London Stock Exchange in October 2013 in controversial circumstances. More than 700,000 members of the public bought shares in the company during the initial offer.
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