Royal Mail plc is all set to return to the FTSE 100 index (UK’s top 100 blue-chip companies) for the first time in 2 years. Thanks to the pandemic-driven e-commerce boom, Royal mail has come out in flying colours.
Royal Mail lost its FTSE 100 spot in December 2018 due to the drop in its stock value. The Covid-19 outbreak spurred a surge in the parcel delivery demand, which turned Royal mail’s misfortunes upside down.
Their share price rose to 586.2p (6.6%) on Tuesday – the best day in almost seven months.